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Cuba faces uncertain future after US topples Venezuelan leader Maduro
Cuba mourns 32 security officers killed in a US strike in Venezuela. The island nation's economy faces disaster as its closest ally, President Nicolas Maduro, is threatened. Venezuela's oil has sustained Cuba for years. Losing this support could lead to severe blackouts and shortages. Experts question if Russia will fill the oil gap.
Cuban officials on Monday lowered flags before dawn to mourn 32 security officers they say were killed in the U.S. weekend strike in Venezuela, the island nation's closest ally, as residents here wonder what the capture of President Nicolas Maduro means for their future.
The two governments are so close that Cuban soldiers and security agents were often the Venezuelan president's bodyguards, and Venezuela's petroleum has kept the economically ailing island limping along for years. Cuban authorities over the weekend said the 32 had been killed in the surprise attack "after fierce resistance in direct combat against the attackers, or as a result of the bombing of the facilities."
The Trump administration has warned outright that toppling Maduro will help advance another decades-long goal: Dealing a blow to the Cuban government. Severing Cuba from Venezuela could have disastrous consequences for its leaders, who on Saturday called for the international community to stand up to "state terrorism."
On Saturday, Trump said the ailing Cuban economy will be further battered by Maduro's ouster.
"It's going down," Trump said of Cuba. "It's going down for the count."
Loss of key supporter Many observers say Cuba, an island of about 10 million people, exerted a remarkable degree of influence over Venezuela, an oil-rich nation with three times as many people. At the same time, Cubans have long been tormented by constant blackouts and shortages of basic foods. And after the attack, they woke to the once-unimaginable possibility of an even grimmer future.
"I can't talk. I have no words," 75-year-old Berta Luz Sierra Molina said as she sobbed and placed a hand over her face.
Even though 63-year-old Regina Mendez is too old to join the Cuban military, she said that "we have to stand strong."
"Give me a rifle, and I'll go fight," Mendez said.
Maduro's government was shipping an average of 35,000 barrels of oil daily over the last three months, about a quarter of total demand, said Jorge Pinon, a Cuban energy expert at the University of Texas at Austin Energy Institute.
"The question to which we don't have an answer, which is critical: Is the U.S. going to allow Venezuela to continue supplying Cuba with oil?" he said.
Pinon noted that Mexico once supplied Cuba with 22,000 barrels of oil a day before it dropped to 7,000 barrels after U.S. Secretary of State Marco Rubio visited Mexico City in early September.
"I don't see Mexico jumping in right now," Pinon said. "The U.S. government would go bonkers."
Ricardo Torres, a Cuban economist at American University in Washington, said that "blackouts have been significant, and that is with Venezuela still sending some oil."
"Imagine a future now in the short term losing that," he said. "It's a catastrophe."
Pinon noted that Cuba doesn't have the money to buy oil on the international market.
"The only ally that they have left out there with oil is Russia," he said, noting that it sends Cuba about 2 million barrels a year.
"Russia has the capability to fill the gap. Do they have the political commitment, or the political desire to do so? I don't know," he said.
Torres also questioned whether Russia would extend a hand.
"Meddling with Cuba could jeopardize your negotiation with the U.S. around Ukraine. Why would you do it? Ukraine is far more important," he said.
Torres said Cuba should open its doors to the private sector and market and reduce its public sector, moves that could help prompt China to step in and help Cuba.
"Do they have an alternative? I don't think they do," he said.
Rebuilding Venezuela's oil industry On Monday, Trump told NBC News in an interview that the U.S. government could reimburse oil companies making investments in Venezuela to maintain and increase oil production in that country.
He suggested that the necessary rebuilding of the country's neglected infrastructure for extracting and shipping oil could happen in less than 18 months.
"I think we can do it in less time than that, but it'll be a lot of money," Trump said. "A tremendous amount of money will have to be spent and the oil companies will spend it, and then they'll get reimbursed by us or through revenue."
It still remains unclear how quickly the investment could occur given the uncertainties about Venezuela's political stability and the billions of dollars needed to be spent.
Venezuela produces on average about 1.1 million barrels of oil a day, down from the 3.5 million barrels a day produced in 1999 before a government takeover of the majority of oil interests and a mix of corruption, mismanagement and U.S. economic sanctions led output to fall.
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Source: EconomicTimes
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