What I fear has become a reality today, as I mentioned before, with Trump's victory in the USA, my current job is at risk. In fact, today he confirmed that Chevron's license will be revoked.
Many people are happy with this decision, but now I want to explain why it is not what many people think and how it can affect the current government.
I don't want to touch on political topics, but this is an economic article that aims to clarify some things that those happy people aren't seeing right now.
First, let me provide some context: The popular opinion is that Chevron's license in Venezuela is giving a lot of money to the president, who is considered a dictator. Therefore, these people believe that with this decision, the dictator will stop receiving money, fall into poverty, and eventually decide to leave power because of it.
One part of this is true: the USA doesn't buy oil from Venezuela. However, that doesn't mean the oil will vanish. The oil will still be here, and they could sell it to other countries.
Then, if the dictator sells oil to other countries, the money will keep coming in. However, they will get more money because currently, they have only 50% of the production while Chevron holds the other 50%. Without Chevron, they would have 100% of the production. Even if they sell it for less money, they have more oil to sell, so they end up making more money.
Secondly, since they have been banned, blocked, sanctioned, or anything similar, they receive this money in non-public ways. As a result, they can claim that there is no money due to these restrictions and have more reasons to justify the poverty. Ultimately, it is the country of Venezuela that will suffer, not the dictator.
And even more painful, I will lose my current job. If the decision can bring us true freedom, I can accept it. But it was similar in 2020; I lost my job, and the dictator is still here.
But it is not just me... thousands of people lose their jobs. Not to mention the effect it will have on the national economy.
Therefore, I still don't understand how this is a good decision...
Attempting to see the positive side, I will return to my family and will have more time to write articles for you 😊
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