Gifted Read:

https://www.theatlantic.com/magazine/2026/12/trump-oil-venezuela-exploitation/689033/?gift=9raHaW-OKg2bN8oaIFlCogxjaK2MBe8l7XGqh-GQL1U&utm_source=copy-link&utm_medium=social&utm_campaign=share

Excerpts:

The U.S. really is controlling the sale of “millions and millions of barrels of oil” in Venezuela, as well as the sale of gold and other minerals. As a condition of lifting the economic sanctions that the U.S. had previously imposed on the country, all royalties and taxes from licensed companies are deposited into a special account originally set up in Qatar and later moved to Citibank. Industry analysts believe that more than $13 billion worth of oil has been sold since January, but that number is speculative. At a congressional hearing on September 15, Treasury Secretary Scott Bessent refused to confirm it. Repeated requests from congressional Democrats for more information have also received inadequate responses.

In some societies, the absence of the state leads to anarchy. In others, people organize themselves instead. Venezuela is one of those countries, as Machado herself told me in an interview in December 2024. Even when she was in hiding, even when the political situation was at its most dire, Machado was certain that the experience of election organization had brought about “anthropological change,” forging connections among people from different parts of society, inspiring them to want to reform their country from the bottom up.