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Paul Dobson – Venezuela: Guaido Under Investigation over Essequibo Bargaining Revelations

Summary:
Guaido envoy Vanessa Neumann was caught on tape offering to relinquish Venezuela’s historic claim in exchange for backing  from London. It's not about democracy, it's only about the oil. The people of Venezuela wouldn't get a say under Guaido.  The move comes as a recorded phone conversation between Neumann and Avendaño was released on Friday, in which the former can be heard advising Guaido’s Venezuela-based team to “drop” the “official [government] line that we want to take control of the Essequibo from Guyana.” The Essequibo is a 160,000 km2 strip of land on the Venezuela-Guyana border which was taken from Venezuela by the British colonial regime via a disputed 1899 arbitration agreement in which no Venezuelan negotiators were present. The ruling was later nullified by the

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Guaido envoy Vanessa Neumann was caught on tape offering to relinquish Venezuela’s historic claim in exchange for backing  from London.


It's not about democracy, it's only about the oil. The people of Venezuela wouldn't get a say under Guaido. 
The move comes as a recorded phone conversation between Neumann and Avendaño was released on Friday, in which the former can be heard advising Guaido’s Venezuela-based team to “drop” the “official [government] line that we want to take control of the Essequibo from Guyana.”
The Essequibo is a 160,000 km2 strip of land on the Venezuela-Guyana border which was taken from Venezuela by the British colonial regime via a disputed 1899 arbitration agreement in which no Venezuelan negotiators were present. The ruling was later nullified by the UN-brokered Geneva Agreement signed by all parties in 1966.
Recent UN-led efforts to resolve the ongoing dispute have floundered following ExxonMobil’s discovery of an estimated 12.8 billion barrels of oil in the Essequibo’s offshore territory as part of an exploratory mission authorized by Georgetown.
Venezueanalysis
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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