‘Venezuela to stay on Chavez’s course no matter who next president is’
Venezuela will remain on the course set by the late Hugo Chavez, even if his anointed successor Nicolas Maduro fails at the presidential election, Professor of Latin American Studies Miguel Tinker Salas told RT.
Chavez passed away on March 5, losing a lengthy cancer battle,
with those nations depending on Venezuela’s oil supplies and the
US, which always opposed his regime, keenly watching how the event
will unfold next.
But Tinker Salas told RT the breakthroughs in Latin America have
been so fundamental in the last decade that one shouldn’t expect
drastic changes in the policies in Venezuela or the continent as a
whole.
RT: Venezuela's oil reserves are vast, but production is
falling, what's your take on the future of its oil
industry?
MTS: Venezuela, actually, has a lot more than 297 billion
barrels [of oil]. It has proven reserves and exploitable reserves
of 500 billion barrels – far surpassing Saudi Arabia. In fact, oil
production has remained pretty constant. It’s right now between 2.9
to 3 million barrels a day. Significant to that is the fact that it
used to sell the majority of its oil to the US – and today it sells
a million barrels to the US, but 600 barrels to China as well.
I think that with the vast reserves, Venezuela is a key player in
the international oil market. And the question of increasing
production really has to do with how to gauge how much oil
Venezuela should produce. The stated policy is try to produce about
5 million barrels a day, but again market pressures and the price
of oil also sustains current development with 3.5 million barrels a
day. So again, there has to be a transformation of the industry and
its expansion of the industry to reach the 5 million barrels, which
is the stated goal of the national oil company.
RT: With the death of such a charismatic leader what will
happen to the ‘Bolivarian Movement’ in Latin America?
MTS: I don’t think it’s necessarily the charismatic leader.
Chavez sure begins the process, but the process really is one of
discontent with the political, social and economic policies that
have been adopted in the 1980s and ’90s under what was called the
Washington Consensus. When Chavez first takes the national state
and the international stage in 1998, he was a lone voice. By 2002
you had [Luiz Inácio] Lula in Brazil, the Kirchner's in Argentina,
Evo Morales in Bolivia, [Rafael] Correa in Ecuador, Tabare Vazquez
in Uruguay – and the entire South American continent had turned
from neo-liberal economic policy towards opposition largely
to this policies and to the inclusion of those who have been
excluded historically from the national narrative.
So we saw a dramatic transformation, and within Latin America
there’s new leadership. It doesn’t depend simply on Chavez. We have
institutions like the ECLAC, the Community of Latin American and
Caribbean Nations, the UNASUR, the Union of South American Nations,
the ALBA, the Bolivarian Alliance for the Americas – there are now
institutions, which have an independent leadership that were
sparked initially by Hugo Chavez and the proposal for regional
integration, but today are significant on their own.
And in addition to that we have a tremendous amount of South-South
relationships between South American and Africa, Latin America and
Middle East countries as well. So in many ways the political
landscape has been transformed in the last 14 years.
RT: Chavez pursued a policy of supplying allies like Cuba
with cheap oil. Is the next leadership likely to continue with
that? What would be the impact on those economies without cheap
crude supplies?
MTS: It’s not just Cuba, under Petrocaribe [oil alliance]
oil is supplied to with long-term credit rates to the Dominican
Republic, to Haiti, to Cuba, to Nicaragua, to El Salvador and that
really builds on what Venezuela had done in the 1970s with Mexico
when the international oil crisis hit with the accords of San
Jose.
So it builds on past policy and also creates new spaces. And I
think that if the leader that is elected is [Nicolas] Maduro we’ll
see the continuity. And even if Maduro isn’t elected, I think, that
there will be real difficulty on the part of the new president to
alter this relationships that have integrated Venezuela so closely
with the region. There’s also Petrosur, which is an arrangement
with South American Nations to promote oil and energy in the
region.
RT: The US was hostile to Hugo Chavez – what is likely to
be Washington's next step?
MTS: I think that Washington will advise to not get into
Venezuela. The least they can say at this point the better. This is
a process where you are going to see very heated election. And any
intervention on the part of the US – even a misstep on Obama –
would be taken as hostility towards Venezuela and would play into
the election in Venezuela in this context. But after the election
of a new president, I think that there are good conditions for an
effort to reestablish relationships.
But I think we should understand that it’s not just Venezuela that
has had difficulties with Washington. Also Ecuador has no
ambassador from the US; Bolivia has no ambassador for the US. And
the WikiLeaks reports really indicate how the US attempted to play
country against country in Latin America and have really provided a
revealing look on the US foreign policy, and how little it has
changed either from Bush or Obama.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.