Was the Venezuela raid muscle to effect the Citgo Auction?

[CrusaderFrank]

War is a racket.

Was this really to stop Miami Vice Speedboats transporting Chinese Fentanyl, 95% of which enters the US through Canada and Mexico, or is something else at work?

AI Overview

The Citgo auction is a U.S. court-ordered sale of the parent company of Citgo Petroleum to satisfy billions in Venezuelan debt, with an affiliate of Elliott Investment Management(Amber Energy) recommended as the winning bidder for its ~$5.9 billion offer, approved by a U.S. judge in late 2025, though Venezuela opposes the sale as a fraudulent seizure of its most valuable foreign asset. The process aims to pay creditors for Venezuela's defaults, but ongoing legal challenges and disagreements among creditors continue, with a final resolution pending.

Key Details:

• Purpose: To satisfy roughly $19 billion in claims from creditors owed money due to Venezuela's debt defaults and nationalizations.
• Winning Bidder (Recommended): Amber Energy, an affiliate of Elliott Investment Management, submitted the highest bid of approximately $5.89 billion.
• Judge's Decision: U.S. District Judge Leonard Stark approved the auction process and recommended Amber's bid, citing it as the best combination of price and certainty.
• Opponents: Venezuela's government and some creditors, like Gold Reserve, have challenged the auction, calling it unfair and lacking transparency.
• Status: A final ruling on the sale is anticipated after ongoing legal challenges, including appeals from Gold Reserve and others, are resolved.

Background:
This sale stems from an eight-year legal battle where U.S. courts found PDV Holding (Citgo's parent) liable for Venezuela's debts. The sale of Citgo, Venezuela's largest foreign asset, is intended to compensate these creditors.

 

[CrusaderFrank]

War is a racket

BRICS nation currencies based upon natural resources and manufacturing. The US dollar is backed by an annual $1.8T deficit, Federal Reserve and smart bombs

Venezuela has been accepting Chinese Yuan instead of $, especially since $ =/= Greenbacks

Yes, Venezuela has been selling most of its sanctioned oil to China, primarily through private Chinese refiners and unofficial channels, often disguised to bypass U.S. sanctions, though recent U.S. actions targeting tankers and companies aim to disrupt this trade, creating uncertainty and potentially shifting supply to other markets or increasing reliance on intermediaries like Malaysia
. China is the main importer, buying heavily discounted heavy crude, with some oil also going to repay debts, but new U.S. pressure is forcing adaptations like rebranding and finding new routes.

Key Aspects of the Trade:

• Main Buyer: China, especially its independent "teapot" refineries, buys the bulk of Venezuelan crude.
• Sanctions Evasion: Oil is often rebranded as "Brazilian" or mixed with bitumen to hide its origin and bypass U.S. sanctions.
• Debt Repayment: A portion of oil exports goes to China to service Venezuela's debt to Beijing.
• US Pressure: Recent U.S. actions target tankers, companies, and facilities involved in these shipments, increasing friction and costs for buyers.
• Recent Developments: Following U.S. military actions and sanctions enforcement in late 2025/early 2026, the flow has become more complex, with increased storage and potential diversion to other buyers or intermediaries.
  

Impact of U.S. Actions:

• The U.S. is increasing enforcement on tankers and companies linked to Venezuelan oil, reducing "plausible deniability" for buyers.
• This forces traders to use higher-friction routes, like transshipment hubs in Malaysia, or find other ways to mask the oil's origin.
• While Chinese buyers face challenges, the unique quality of Venezuelan heavy crude makes it hard to replace, maintaining demand despite risks.

 

[TheGreatSatan]

Trump wants Maduro to testify against the democrats he was working with to import the gang bangers into America and the cheating involved in 2020 and other elections around the world.

Democrats = traitors