China ‘soon to become Venezuela’s main trade partner’

Image by digitalart / freedigitalphotos.net *

FinancialSense.com: “The biggest geostrategic change of the past decade overlooked by Washington policy wonks in their fixation on their self-proclaimed “war on terror” is that Latin America has been throwing off the shackles of the Monroe Doctrine.” (emphasis added)

“During a recent interview Oil Minister Rafael Ramirez said, “We are selling 640.000 barrels of petrol per day to China.” This is now equivalent to 2/3 of Venezuela’s oil exports to the U.S., up from 400,000 barrels per day in February. (…) It is hard to see this emphasis shift as anything but a short-sighted diplomatic disaster for the U.S. Compounding the degradation of Washington, which insists that China in Africa in particular exploits poor nations by buying resources at rock bottom prices, Ramirez said simply, “We are selling oil to China at a better price than what is sold in the U.S. market.” And, given Washington’s foreign aid stinginess, last week President Chavez announced that China Development Bank will bankroll $4 billion dollars in development projects, to include housing, energy and industrial growth.” Complete story HERE

© 1997–2012 Financial Sense® All Rights Reserved

Source:
Venezuela Ramps up China Oil Exports Unsettling Washington, by Oil Price
financialsense.com, 08/23/2012

Related information:

Monroe Doctrine

The Monroe Doctrine is a policy of the United States introduced on December 2, 1823. It stated that further efforts by European nations to colonize land or interfere with states in North or South America would be viewed as acts of aggression requiring U.S. intervention. The Doctrine noted that the United States would neither interfere with existing European colonies nor meddle in the internal concerns of European countries. The Doctrine was issued at a time when nearly all Latin American colonies of Spain and Portugal had achieved independence from the Spanish Empire (except Cuba and Puerto Rico). The United States, working in agreement with Britain, wanted to guarantee no European power would move in.

President James Monroe first stated the doctrine during his seventh annual State of the Union Address to Congress. It became a defining moment in the foreign policy of the United States and one of its longest-standing tenets, and would be invoked by many U.S. statesmen and several U.S. presidents, including Theodore Roosevelt, John F. Kennedy, Lyndon B. Johnson, Ronald Reagan and others.

The intent and impact of the Monroe Doctrine persisted with only minor variations for almost two centuries. Its primary objective was to free the newly independent colonies of Latin America from European intervention and control that would make the New World a battleground for the Old. The doctrine put forward that the New World and the Old World were to remain distinctly separate spheres of influence, for they were composed of entirely separate and independent nations.

Criticisms

Critics of the Monroe Doctrine, such as Noam Chomsky, argue that in practice the Monroe Doctrine has functioned as a declaration of hegemony and a right of unilateral intervention over the Americas: a sphere of influence “to leave America for the Americans” that would grow stronger with the Roosevelt Corollary. Chomsky points to the work of filibusters, most notably William Walker, who tried to conquer and annex various countries in Latin America.

Many Latin American popular movements have come to resent the “Monroe Doctrine”, which has been summarized there in the phrase: “America for the Americans“.

Source: http://en.wikipedia.org/wiki/Monroe_doctrine

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