The Venezuela Problem in United States Foreign Policy

Review article

Vladimir Trapara   ORCID icon ; Institut za međunarodnu politiku i privredu, Beograd

Fulltext: serbian, pdf (343 KB) pages 78-102 cite

The author deals with the United States and Venezuela relations up to the‎ current presidential crisis, in order to answer how and why Venezuela became‎ a problem for U.S. foreign policy which requires increased attention‎ and radical measures. The analysis of these relations during the 20th century‎ shows that they were based on oil interdependence of the two states.‎ When a decades-long mismanagement of oil riches in Venezuela at the end‎ of the century caused a social and economic crisis that brought to power‎ Hugo Chávez, who was ready to use oil revenues against U.S. regional hegemonic‎ interests, it marked Venezuela as a problem. American establishment‎ treated the problem with opportunism – oil interdependence prevented‎ the conflict from escalating until the current economic and political crisis in‎ Venezuela after the death of Chávez gave Washington an opportunity for the‎ final clash with the regime at the price of a temporary break in the oil trade.‎ A year and a half after the presidential crisis in Venezuela erupted, it has not‎ been resolved yet, for the chavista regime remained in place, while the U.S. gave up on military intervention. The author points to the perspectives of the‎ problem and the possibilities of its overcoming once the current coronavirus‎ pandemic gets contained.‎

Venezuela; United States; Foreign Policy; Oil; Chavism

Hrčak ID: 255594