Marco Rubio just explained the Venezuelan oil deal with one word: China. Speaking on Monday, Rubio said most of the fields handed over to the U.S.-backed company were previously owned or operated by Chinese or Russian companies. employment:.
> Concessions for 100 years.
> 17 oil fields in Venezuela.
> About 65 billion barrels of proven reserves.
> US access to these reserves has been "in crisis" for a century. Even Maria Corina Machado, Washington's favorite opposition leader, is now challenging the arrangement. Chinese and Russian companies worked in these fields under contracts with Caracas. Now they are pushed aside and the oil is locked up for a century for a US backed company. It's not a free market. This is a takeover with a briefing from the Ministry of Foreign Affairs attached. And they still call China the "predatory escort".