Venezuelan Regime’s Chevron Claims Mask Deeper Economic Vulnerabilities

In a recent press briefing, Diosdado Cabello, the powerful first vice president of Venezuela’s ruling PSUV party, claimed his country does not depend on American oil giant Chevron despite Washington’s shifting policies towards the company. His remarks came after Chevron was granted a new license to continue operations in Venezuela, a controversial move highlighting the fractured realities beneath Caracas’ rhetoric. Is Denial a Defense Against Harsh Economic Realities? Cabello boldly declared that Venezuela "does not live off Chevron" but instead thrives because of its own people. Yet this assertion glosses over decades of economic mismanagement under socialist policies that brought...