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but joining me here now on set michelle caruso cabrera she is CEO of MCC global enterprises and a CNBC contributor and so good to have you
Michelle Caruso-Cabrera (CEO) 00:08.670
here well pleasure to be here thanks so
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so let's talk venezuela and what we're seeing with these dark fleet tankers and the and the and the message it's sending
Michelle Caruso-Cabrera (CEO) 00:17.350
the administration is trying to curtail all possible revenue to the maduro government of venezuela they started with the drug interdiction by bombing although those cigarette boats in the submarines and secretary rubio secretary state on friday said that they hadn't done anymore
Michelle Caruso-Cabrera (CEO) 00:32.510
lately because they believed that they have set a high level of deterrence and that that has stopped they're now going after the oil tankers which venezuela a lot of these tankers all of them either sanctioned not allowed to be on the seas and yet they've been operating for
Michelle Caruso-Cabrera (CEO) 00:44.990
several years and the united states has decided that they are going to do everything they can to prevent oil revenue from going to this regime as well they want stability in the western hemisphere and and they think it's very hard to have stability when you have hezbollah china
Michelle Caruso-Cabrera (CEO) 00:59.590
russia in venezuela participating in narco trafficking participating in illegal oil sales and also in in human trafficking as well yeah
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and not to mention to your point the the impact it has the ripple effects it has on immigration dynamics throughout the hemisphere national security strategy actually basically prioritized not only the homeland but the hemisphere we haven't seen that in national security
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strategy in quite a while so significant to see that this is all playing out now what kind of what kind of message does it send to china to russia as we see ukraine peace talks underway
Michelle Caruso-Cabrera (CEO) 01:31.790
so china and russia have actually been pretty quiet on the venezuela situation that's been very very interesting to see and and there were reports within the oil industry that perhaps when trump met with putin in alaska this was before he started these big moves in the caribbean
Michelle Caruso-Cabrera (CEO) 01:48.070
that he hinted to putin or told him that that was going to happen let's see but i think your point is extremely important when it comes to migration venezuela twenty five percent of the population has left that country since twenty fourteen eight million people they are the
Michelle Caruso-Cabrera (CEO) 02:07.030
syria of the western hemisphere they've gone into all these venezuelans have gone to many different countries in latin america destabilize them and the the leadership of the country has allowed has used those those people leaving as a way to send out gang members render aragua
Michelle Caruso-Cabrera (CEO) 02:23.750
is is the big gang and that may have spread throughout the western hemisphere undercover of these people who have been trying to escape the very dire situation that's happening in venezuela because of their mismanagement of the oil industry
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and speaking of the oil industry the fact they have oil up almost two percent today
Michelle Caruso-Cabrera (CEO) 02:39.070
it could it could be because of venezuela they don't contribute a lot they produce eight hundred thousand to one point two million barrels per day they they haven't been able to export that much lately because of the trump administration going after these tankers so that might
Michelle Caruso-Cabrera (CEO) 02:52.950
be what's driving the prices higher but it's a very small amount relative to what they could be producing and the total percentage of oil in the world i think the other reason why the trump administration is so interested in this situation when they want stability in the western
Michelle Caruso-Cabrera (CEO) 03:09.670
hemisphere venezuela could get its act together and produce more oil all those migrants that we talked about would likely be far more willing to go home because that economy would be in far better shape if they could go back to the three and a half million barrels of oil that
Michelle Caruso-Cabrera (CEO) 03:21.670
used to produce on daily basis and could with a more orthodox investment regime and regulatory structure and foreign investment that could be done