Gutierrez: Trying to manage Venezuela from Washington is unrealistic

Summary

Carlos Gutierrez, former U.S. Secretary of Commerce, discusses Venezuela's severe economic and security collapse, the hardline leadership of Delcy Rodriguez, and the difficulty of U.S. engagement. He expects the situation to remain messy, with a second U.S. strike likely, and sees little prospect for oil investment. He also says China treats Venezuela as a tactical convenience and does not believe it will use Venezuela as a justification to attack Taiwan.

• Venezuela's GDP is 75% lower than in 2013 and inflation is around 500%.
• Crime rates and gangs are out of control, with some gangs tied to government enforcement.
• Delcy Rodriguez and other hardliners are unlikely to comply with U.S. demands.
• U.S. efforts to manage Venezuela from Washington face major obstacles and may require boots on the ground.
• Oil industry opening to U.S. investment is unlikely under the current leadership.
• A second U.S. strike and further escalation are possible.
• China views Venezuela as a tactical convenience and is not expected to attack Taiwan over it.
• The situation is described as early and likely to get messier.