Prime Minister Kamla Persad-Bissessar and her Government are obviously, and perhaps justifiably so, pleased with the results of the strategy pursued to have United States Secretary of State Marco Rubio say he will “support” T&T’s bid for a new Office of Foreign Assets Control (OFAC) licence. Having the licence in hand is one step to finalisation of the arrangements to allow Venezuela’s Dragon gas to be processed here; but there are several others.
Prime Minister Persad-Bissessar adopted the path of damning President Nicolas Maduro and his government for allowing the drugs trade to pass through Venezuela on the way to the United States. Subserviently, the T&T Government supported with vigour the deadly strikes of the US gunboats made on a few pirogues and the passengers of the vessels, following the US claim that the vessels were taking the drugs to the mainland.
The PM subsequently dissed and trivialised Caricom’s policy of keeping the region as a Zone of Peace, and went as far as supporting the US denigration of Maduro as being part of the little-known Tren de Aragua gang. For that and more, the US placed a US$50 million bounty on Maduro's head.
Our Prime Minister and her advisors seemingly calculated that such overwhelming support for the US in its attempt to have Maduro removed from office, would earn the Government in Port-of-Spain a second OFAC licence.
It should be considered, though, that what has gone on up to this point is merely the first stage of the move to have oil from Venezuela refined here.
The first, and most important reality, is that any deal must have the imprimatur of President Trump, as it is his war against the Venezuelan President which matters. And it must be remembered that Secretary of State Rubio gave the assurance to then prime minister Stuart Young that the US would do nothing to damage the T&T economy; that assurance did not hold.
Regarding the likely reaction of Caracas to the discourse between T&T and the US in recent weeks, it’s difficult to accept that the owners of the natural gas being negotiated for, i.e., the government and people of Venezuela, will agree to the stated US position that they must not benefit in any significant manner from the finalised arrangements with the Persad-Bissessar administration.
To agree to allow himself to be played as a fool by President Trump, supported by Prime Minister Persad-Bissessar, will take a lot of swallowing by the Venezuelan leader. The bottom line is that Mrs Persad-Bissessar and her Cabinet cannot be certain that the strategy used has worked; there is a long road ahead which requires far more than Energy Minister Dr Roodal Moonilal being prepared to go to Venezuela.
The other most important element of the match-play is whether President Trump will concede to allowing President Maduro any measure of economic success and the strengthening of his political position inside Venezuela, to enable him to remain in office.
There are, therefore, many bridges to cross before Prime Minister Persad-Bissessar and her Government can claim success for the strategy and positions adopted to gain a new OFAC licence to be able to accept and refine Venezuelan gas here.