This is CBS by the world. I'm John Bachelors.

Venezuela, the rogue state of Venezuela, led by a strong man named Nicholas Maduro, condemned

by the Trump administration, by the Biden administration, and yet Venezuela is the source of

energy oil chiefly that is much desired in the world of Ukraine conflict and the repositioning

of the oil from Russia, away from Europe to partners in Indo-Pacific. Right now, however,

the Venezuelan oil is moving, at least the story of Venezuela oil is moving, about the

same pace that Nicholas Maduro is following in his charm offensive. Recently in Brazil

yet, the invitation of Lula de Silva, the president-slash dictator, he's not regarded as legitimate

by the United States, was invited by Lula de Silva in person, and President Brazil said

that the sanctions on Venezuela were unacceptable, greatly exaggerated, needed to be lifted,

causing pain to the people of Venezuela, seven million of whom at least have fled the

dictatorship. I welcome Alison Federcah of the geopolitical futures.com, a subscription

side, I highly recommend, because we need to update Venezuela, the sanctions, and the

oil. Alison, a very good evening to you. What I learned chiefly is that as Maduro is being

accepted into certain capitals around the world, Brazilia, and now he's traveling to the

Middle East, so is the question of Venezuela oil. Europe in particular. Now, Venezuela's

under sanctions, so how is it that oil can move from Venezuela to France, for example,

or Spain or Italy? Good evening to you. Good evening to you. In the case of Spain and

Italy, we're talking about their oil companies, E and I, and Repsol. What happened in this

case is that the US has given a waiver. The US with any of its sanctions can give waivers

to companies or countries that it deems worthy for whatever reason, and usually there's

some type of political or economic motivation behind it. So in this case, those companies

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