PETER KOENIG—Washington will not let go easily – or at all, to re-conquer Venezuela into the new Monroe Doctrine, i.e. becoming re-integrated into Washington’s backyard. Imagine this oil-rich country, with the world’s largest hydrocarbon reserves, on the doorsteps of the United Sates’ key refineries in Texas, just about 3 to 4 days away for a tanker from Venezuela, as compared to 40 to 45 days from the Gulf, where the US currently gets about 60% of its petrol imports. An enormous difference in costs and risks, i.e. each shipment has to sail through the Iran-controlled Strait of Hormuz.