Bloomberg Has Learned Why Trump Has Endorsed A Candidate To Replace Maduro

Yesterday, Delcy Rodriguez officially became the interim president of Venezuela.

U.S. President Donald Trump has agreed to support the candidacy of Delcy Rodriguez to replace Nicolas Maduro as president of Venezuela because of her experience in developing the oil sector, Bloomberg reported, citing sources.

Rodriguez, a former oil minister and vice president, successfully guided Venezuela's oil industry through international sanctions and economic pressure, the agency explained. According to Bloomberg, as tensions between the U.S. and Venezuela escalated, oil sector officials began promoting the candidacy.

Experts and industry lobbyists, Bloomberg writes, called Rodriguez the best option for revitalizing the country's oil economy and bringing back major foreign companies. Trump's inner circle came to the same conclusion, although, the agency notes, the groups acted independently of each other.

Rodriguez's backers did not include major U.S. oil companies, the sources said. There is a wider range of U.S. and international companies that have been working in Venezuela for years, "and many of them have contacts in the White House and on Capitol Hill," the agency's sources said.

According to Bloomberg, in addition to supporting the oil industry, Rodriguez's appointment will help maintain the "semblance of continuity" needed for a successful transition. Rodriguez, the agency points out, has longstanding ties among the remaining socialist forces in the government.

"If you want someone who can handle difficult circumstances, take someone who has already worked in the worst," Greylock Capital Management head Hans Humes told Bloomberg TV. He believes that Trump has made a risky decision, but if successful, it will allow "to restructure the entire energy system of the world."

The CIA also said that Maduro's closest associates are best suited to lead the interim government in Venezuela. As The Wall Street Journal wrote, in a report submitted to Trump, U.S. intelligence indicated that Rodriguez is capable of "maintaining order" in the country.

Rodriguez was appointed acting president by a decision of the Constitutional Chamber of Venezuela's Supreme Tribunal of Justice. It came a day after the US military seized Maduro and his wife in Caracas. Now they are on the territory of the United States, they will be tried on charges of "narco-terrorism". Maduro himself said during the court session in New York that he remains the president of Venezuela.

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