When a Venezuelan says, “There was a dip,” he’s almost never talking about mood, he’s talking about electricity. Venezuela is suffering a crisis in public services, especially outside the capital Caracas. Venezuela’s Parliament on Tuesday began discussing a reform that opens the door to private capital to take back the state-controlled electricity system.
Donald Trump has a dilemma with Venezuela, because on one hand, Team Marco Rubio wants a democratic transition. I’ve already told you in several videos, but on the other hand, the Vice President of the United States, Jidie Bans, is not at all clear on it. Moreover, it seems he prefers a domesticated Chavismo to a democratic Venezuela that could be more difficult to control.
There is a war brewing within the Republican party in the USA and now Venezuela is the battleground. Pay attention to this news. Venezuela’s parliament began discussions on Tuesday about a reform that would open the door to private capital to take back the state-controlled electricity system . And I know what some of you are thinking, especially Juan Carlos Monederos if you’re watching this video.
This is the starting gun for evil turbo-neoliberal capitalist megacorporations to plunder Venezuela’s resources. And you’re partly right, no, no, no, no, I haven’t gone crazy. Venezuela’s energy reform may be a step in the wrong direction. Moreover, it may be the lifeline that Chavismo was desperately seeking to survive, but let’s take it one step at a time.
First, why does Venezuela need to reform its entire electrical grid? That’s why . New nationwide blackout in Venezuela. A total of 20 of the country’s 23 states have been affected this Tuesday. This news story is from 2019, when Venezuela suffered one of its longest blackouts .
At that time there were still people who were surprised, and the media even came out about it . But unfortunately, now it’s normal to have payments almost every week. What am I saying? The weeks, the days. Venezuela’s electrical system has been collapsing for years, but since the capture of Nicolás Maduro, the situation has gotten even worse.
Right now, 90% of households in Venezuela experience daily power outages. Power outages that can last for hours. In the first three months of this year 2026 alone, there have been more than 36 protests over the blackouts. Of course they don’t reach, or rather, they don’t reach, the level of Cuba, where it’s rare to have electricity at any point these days, but they are getting dangerously close.
Simply put, Venezuela is unable to produce enough energy to meet demand, and this is evident in all aspects of life. The first thing that affects us is the thought that the few foods we have might be damaged. His wife Teresa says that he receives piped water every 18 days. Okay, this would be a Nacho Vidal-esque problem in any country in the world, but in Venezuela it’s even worse because don’t forget they have to make a democratic transition.
A democratic transition that, according to Marco Rubio’s plan , which I mentioned in several videos ago and with many quotation marks, would imitate the model that was applied in Spain. I repeat, with many quotation marks, not exactly the same. And what is the first step in this model? Economic stabilization.
In other words, the Venezuelan economy needs to start producing things again that can be sold, generate foreign currency, and be financed. And what product can Venezuela sell? that the world is currently eager to buy. Exact. Oil. Remember that in the 2000s Venezuela exported around 3.5 million barrels of oil per day.
They’ll be thrilled if they’re able to export a million barrels. The oil sector is completely busted. Keep in mind that most of the plants are inoperative due to lack of maintenance, but even those that are still standing cannot operate at full capacity because they need electricity. Pay attention to this map.
The little red spot you see is called the Orinoco Belt. This is where 90% of Venezuela’s oil is located. We have almost all of the country’s oil refineries here. When we think about extracting dinosaur juice, things like this come to mind. But in reality, an oil installation looks more like this. What you see here is an oil pumping station in Venezuela.
This is where crude oil is extracted from the subsoil, and there may be about 15 to 20 people working here. You might say, “Okay, well, there aren’t that many, it’s a small facility. Wait.” To extract the oil, they have to pump water at high pressure and then carry it through a pipeline for hundreds of kilometers.
This process alone can cost around 10 MW of electricity. And you’ll say, “Is that a lot? Is that a little?” That’s what a city of about 7000 inhabitants consumes. And this is just an oil well. But right now Venezuela has between 2,000 and 5,000 active oil wells. And I ‘m telling you that there are few of them because they have to increase what they export, but once they extract the oil, the story doesn’t end there.
Then they have to send it to much larger processing facilities like the one you see on screen. What you see here is the José Antonio Anzoy complex. Here, more than 1 million barrels of crude oil can be processed per day. In other words, this plant is connected by pipeline to thousands of oil wells in the Orinoco Belt.
In other videos I have already told you that Venezuelan oil is especially viscous. There, the oil is so thick and dense that it sometimes resembles tar more than a liquid. It is a crude oil called extra-heavy, so heavy that it does not flow easily through pipes. In other words, for Venezuela to export its oil, it first has to process it, and for that it absolutely needs giant industrial complexes.
In this one, which I showed you earlier, there are about 7,000 people working, so we can say that it’s like an oil city. To give you an idea, it is as large in area as the entire Chamberí neighborhood in the city of Madrid, in the capital of Spain. But again, the problem is not how big the plant is or how many people it has working there, but the energy it consumes.
We don’t have specific data for this complex, but we can estimate that a center like this consumes as much electricity as a city the size of Valladolid, which is the city where I was born and has 300,000 inhabitants. In other words, if Venezuela wants to be able to export oil, it needs a lot of electricity, a huge amount.
And as I’ve already told you , the Venezuelan electrical system is like this. From the massive blackout that Venezuela suffered. The government links this crisis to a phenomenon of solar declination. What is a solar declination phenomenon ? Man, well, very [snort] simple. The declination of Solar is solaris solarem solari.
Greetings to all the classical philology graduates who watch my channel. You won’t have a job, but at least you understood this joke. That’s what you’re taking with you. But come on, I think that’s clear to everyone. Venezuela needs a lot of electricity to extract oil, and it doesn’t have it. But at the same time, to repair all their electrical installations they need money, a lot of money.
We’re talking about almost 40 billion dollars, and since they don’t have money, they need it to come from abroad. But not only that, even if Venezuela had all the money and financing in the world, it would need foreign technology, and that is why Venezuela absolutely needs to carry out this energy reform that allows companies to invest in the country.
Okay, so far so good, no problems. I’m not going to be the one to say that attracting foreign investment is wrong. On the contrary, long live international capitalism. Long live evil! Long live capital. [laughs] And yes, it is a fact that Venezuela’s energy reform is necessary.
In fact, it’s something we can even agree on with Delfi Rodríguez. But this is where today’s video villain comes into play. Yes, I’m talking about the Vice President of the USA, JD Vans. And some will say, “But what does JD Bans have to do with Venezuela?” Well, as we’ll see later, a lot, and for the worse. It turns out that Venezuela’s energy reform has just become a little Vietnam, that is, a proxy war for something much bigger, the civil war that has just broken out within the Republican party.
A war that will continue for the next 2 years until we hold the party primaries. As you know, the United States will have presidential elections again in two years, and Donald Trump cannot run again . So both the Democratic and Republican parties will have primary elections, and within the right wing of the United States we already have two very well- identified factions. Marco Rubio versus J.
Van, that is, lifelong neocons versus the MAGA sector. And what does all this have to do with Venezuela’s energy ? Well, a lot, but that’s not the worst part. The worst part is that what Venezuelans are risking in this conflict, what you Venezuelans are risking in this conflict, is not just whether Chavismo will last forever or not.
What’s at stake is whether this will become the country’s statute for the next few decades. In Venezuela there is a word that has become part of everyday language, ” bajon”. And no, it’s not an emotional low, although that also applies in a country marked by so many crises and challenges. But when a Venezuelan says, “There was a dip,” he’s almost never talking about mood, he’s talking about electricity.
Because when we look at the fine print, we discover that JD Bans’ plan for Venezuela seems to be expressly designed to perpetuate Chavismo in power. A domesticated and compliant Chavismo, compliant with the interests of the United States, but at the same time easier to manage than a democratic Venezuela.
And yes, I know, I’ve used three Latin phrases in just one minute. Greetings to the students of classical philology. It’s a pleasure to feel useful for a day. Therefore, the questions I ask myself in today’s video are, one, what does Venezuela have to do to recover its electrical system? Second, why does JD Van want to torpedo this system? And three, how does the civil war in the Republican party affect the democratic transition in Venezuela? Today we’re going to answer these questions, but first there’s something very curious that’s
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And now, let’s look at a little history. I am Fonseca. Welcome to Only Fonts. I’m going to ask you a question that I know you’re all going to get wrong. What would you say is the main source of energy in Venezuela’s energy mix? One, two, three. I’ll answer again. Well, no, it’s not oil. You didn’t see this one coming, did you? One would think that being the country with the largest oil reserves on the planet, they would surely get their electricity by burning dinosaur juice, as they do in Cuba, for example. But in reality, between
60% and 78% of all the electricity consumed by Venezuelans comes from water, or rather from hydroelectric power, but more specifically I am referring to this. In southern Venezuela, on the waters of the majestic Caroní River in the state of Bolívar, stands the Simón Bolívar hydroelectric plant, also known as Raúl Leoni or simply Guri.
This project is undoubtedly the largest and most important in the country in terms of electricity generation capacity. I present to you the Guri dam. At its peak, this dam alone supplied 70% of all the electricity consumed by Venezuela. In other words, we’re talking about a real monster. To give you an idea, it took them more than 20 years to build it. Just like that, exactly as you see it.
They started in 1963 and finished the last phase in 1986. That is, they started when the Beatles were becoming fashionable and finished when John Lennon had already been murdered and people were listening to Modle Crew. The reservoir created by this dam is as large as the entire island of Mallorca and the dam itself is over 1300 m high.
To give you an idea, it is the eighth largest dam in the world. It is only surpassed by other dams that you will surely recognize, such as the Three Gorges Dam in China or the Itapú Dam. In fact, it’s a true technological miracle. Furthermore, as an interesting fact, I will tell you that Venezuela was one of the first countries in Latin America to have electricity in all homes.
Who would have thought, and who would see you now? But as you can imagine, this dam, which is a marvel of technology, has a problem. Well, actually, it has a lot of problems. Pay attention. More than 4,855 power outages have been reported across the country. Congresswoman Maribel Castillo specified that of 20 turbines, only eight are operational.
In the case of Guri and Makagua, which has 12 turbines, only five are working. This news story is from 2019 when blackouts in Venezuela were still attracting media attention, but it is just one example of something much bigger and much more worrying. Both the Guri dam and all the other dams have a problem of, you guessed it, lack of maintenance.
In other words, just like in the oil sector, things break down and nobody fixes them. And there comes a point where there are hardly any turbines left that are still working. And you might say, “But why don’t they fix their power plants?” I mean , it’s not that difficult. If almost your entire electrical system comes from a dam, kid, you just have to make sure you’ll always have the resources and personnel to work on it.
There’s no need to go too crazy. He may be negligent and corrupt in all other areas, but at least that thing that 70% of your country depends on should be in good hands. I think that makes sense, right? Yes, it does. The problem is that Chavismo is the most efficient machine ever invented by man to destroy things.
In other words, you put a Chavista in charge of Apple and people stop buying iPhones. You put a Chavista in charge of YouTube and in two years you’d be going back to watching traditional media and trusting them. In this case, the mega catastrophe began in 2007 with this news. Ávez Chávez announces the nationalization of the electricity and telecommunications services.
The Venezuelan president does not rule out extending the measure to other sectors. You know what they say. If it ain’t broke, don’t fix it. But 21st-century socialism. For some reason, Hugo Chávez, in his infinite wisdom, thought that leaving electricity in the hands of private companies was “Long live evil! Long live capital!” [laughter] So he nationalized Electricidad de Caracas, which in turn was controlled by the evil and treacherous American company AS Corporation.
You know, we’re going to defeat the Yankee Empire again. But what was the Bolivarian alternative? It was as if suddenly the state was taking care of everything. What could possibly go wrong? Two years later, to everyone’s surprise, the electrical system already had its first crisis.
Ah, to be fair, this wasn’t solely due to mismanagement, but also to the drought that left the Guri dam half empty. And that’s when Chávez, again, in his infinite and turbulent wisdom, declared the so-called electrical emergency. What was this about an electrical emergency? Basically, that’s what your brother-in-law would do if he suddenly had to manage your country’s electricity grid.
What was the problem? Suddenly, the Guri dam was not generating enough electricity; it was unable to meet Venezuela’s demand. And this problem could be solved in two different ways. It could be solved well or it could be solved badly. Or rather, it could be fixed properly, or it could be fixed, as we say in Spain, on Mecagen 10, that is, by putting a patch on it.
Repairing the Guri dam was a long and expensive process, and one that could only be done by a few foreign companies such as the German Siemens, the Japanese Itachi or the American General Electric, which after all are the ones that put in the technology when the dam was built . That means long- term agreements, guarantees, legal certainty [clears throat] and above all, fewer opportunities to be corrupt.
So, what was the quick fix? Well, build cheap electric generators , usually powered by natural gas, everywhere and also at every dam. In other words, instead of improving the maintenance of what they had, which was the logical option, they started spending money like there was no tomorrow to finance small power plants without thinking about what it would cost to maintain them later.
Basically, they started building gas and diesel power plants like there was no tomorrow. The problem, then, is that the difficult part is not building a new power plant, the difficult part is maintaining it in the long term. Furthermore, building cheaper thermal power plants offers many more opportunities to hire new companies and, incidentally, collect a sweet kickback.
In other words, the Chavistas had to choose between a good but slow solution and a quick and clumsy patch to move forward. So, what do you think they chose? That’s it . And of course, along the way, a lot of businessmen close to Chavismo, the so-called bolichicos, made a fortune, mainly in this case a company called Thewake Associates.
These gentlemen secured contracts with the Venezuelan State for more than $2.2 billion and then subcontracted everything to a US company to do the work. The profits they made from this operation are close to $1 billion. But corruption aside, the biggest problem is that Venezuela’s hydroelectric plants barely received enough money to stay afloat.
And keep in mind that all those technologies they use are very special. For example, the turbines at the Guri dam are built by the Japanese company Itachi. The generators are built by the Swiss company ABB. And of course, all these companies are also the ones that sell the spare parts and all the pieces when they need to be repaired.
And those parts cost money; they’re not exactly cheap, either. But the Chavistas didn’t think maintenance was that important. Ultimately, what generates headlines and news is the politician of the day cutting the ribbon to open a new plant of whatever. Nobody celebrates the repair of a turbine. Conclusion: Over the years, these hydroelectric power plants have deteriorated to the point of reaching appalling extremes like this.
Corpoelec does not send enough energy from Guri due to deterioration in the transmission network. In other words, the Guri dam generated electricity, but they couldn’t transport it because there were a lot of switches and capacitors that were broken and nobody had repaired them.
After years of corruption, mismanagement, and ignoring everything, the central office of the absolute Curiosity explains why Venezuela suffers continuous payments. However , zero foreign companies. Hugo Chávez’s dream lives on even years after his death, and so does our revolutionary project of independence.
And yes, I like to highlight all this because even today there are people, not only in Venezuela, but in many Latin American countries, in Spain, even in the United States , who call anyone with a minimum of common sense a traitor and talk about economic independence, about not selling out to evil international capitalism and similar nonsense, and never even remind them what happens when their ideas are applied, because when they fail these people disappear completely .
Well, this is the direct result of nationalizing the electricity sector in a country, but now Venezuela has to look ahead, not cry over spilled milk, and rebuild its electricity sector. And that means they will have to allow foreign companies to enter, one way or another . And here’s where the problem lies, in the fine print.
Because? Well, we’re going to see it right now. Why solve the problem when you can just patch it up? Before we continue, if you’re new to this channel, I’d like to remind you that we release new videos every week. The news reports tell you the news, I tell you the story. We talk about international politics, geopolitics, a little bit of economics, and always with good humor and a little bit of sarcasm.
So, you know what to do: subscribe and hit the bell so you don’t miss any of our updates. And now, let’s continue with today’s story. There are two ways to solve the electricity problem in Venezuela. It can be done well or it can be done badly. Or rather, it can be done properly, or it can be done as we say in Spain, “OMe Cagen 10,” that is, put a patch on it that allows the oil plants to function while we leave the rest of Venezuelans with continuous blackouts.
Well, as strange as it may sound, this is the proposal that most interests both Delfci Rodríguez and Vice President JD Bans. And you might ask, why? For this reason, technical delegations from the Siemens and General Electric GE corporations recently visited the country. The main objective was to carry out a comprehensive diagnosis of the most critical electricity generation units.
The German company Siemens and the American company General Electric are two of the companies that originally developed the technology for these dams. So it makes sense that they are the ones who will inspect these power plants to see what works and what needs fixing. His diagnosis. Absolute disaster.
That’s a truly godless place. For example, in the entire Lower Caroní dam complex, which is where the Guri dam is located, there are 48 turbines in total. 48 turbines. Well, of those 48 turbines they have in total, nine are directly out of service, that is, just like that. They don’t work, you ca n’t use them.
Another 10 need urgent repairs. To give an example so we understand each other, it’s like that old computer you have at home that you haven’t touched for 10 years. Can you turn it on? Maybe yes, maybe no, but even if you could turn it on, it’s sure to malfunction. In other words, repairing everything would require an investment of between 15 and 40 billion dollars.
And now consider that the total revenue of the Venezuelan State in 2024 was 8,750 million dollars. In other words, repairing Venezuela’s entire electrical sector would cost more than double, triple, or even quintuple what the Venezuelan state collects in a year. As you can imagine, we’re talking about a huge long- term investment, and worst of all, in Venezuela.
I’ll accept the argument that his mother can invert it. And now, thinking this way, those companies need guarantees of at least 25 years to be able to make that investment profitable. And we’re talking about the land of the eh propós, which is still governed by the same people.
And I know what some of you will say . Come on, Fonseca, everyone knows that Delfi Rodríguez is a passenger and is controlled by Donald Trump. And I tell you, that’s precisely the problem. I mean, if General Electric and Siemens sign an agreement with Delfi Rodríguez, who guarantees that after the transition that agreement will still be valid? I remind you that Delfi Rodríguez is the successor of Nicolás Maduro, who in turn was president after having carried out the mega electoral fraud of 28J.
That means it is an illegitimate government, and although they now govern Venezuela de facto , those who succeed them will not consider them legitimate. So, what do we do? Should we include María Corina Machado’s team in these conversations? Well, obviously if you ask me, I think that would be ideal, but Delfi Rodríguez isn’t going to accept it, and that explains why we have news like this exclusive.
Electricity companies are reluctant to accept Venezuela’s intention to repair the electrical grid without payment guarantees. And that’s when the super idea arrives, the brilliant idea, something that had never been tried before in Venezuela or anywhere else in the world. To put a patch on. In other words, instead of repairing what they already have, build new electric generators that are much cheaper and can be installed in a very short time.
What is the difference with the plan that Hugo Chávez had in his infinite wisdom in the year 2010? Well, now private companies would do it. Venezuela demands that oil companies generate their own energy for their projects. The draft of the new regulation requires companies to install power plants to supply their operations outside the national grid.
In other words, what’s the problem for Chavismo? No, it’s not that people don’t have electricity at home. Since when has Delfi Rodríguez or Nicolás Maduro cared about the well-being of their own citizens? No, the problem for Chavismo is simply that they cannot pump oil to sell on the market and finance themselves.
Ball. So, what’s the easy solution? Well, let the oil companies set up their own thermal generators for private use. In other words, instead of making 25-year agreements with Siemens or General Electric or Itachi or any other company, we put in little things like this. What you see here is what is known in the industry as a modular gas turbine, and it is an electric generator that you can assemble and disassemble in a matter of 30 days.
Just like that, exactly as you hear it. You get to wherever, set it up, and in a month, voila, problem solved. And you might ask, “How much electricity does a creature like this generate ?” Well, we’re talking about 30 MW. And some might ask, “Is that a lot? Is it a little?” For comparison, the Wri dam generates 10,200 MW, so it ‘s not a great solution.
But these 30 MW, although not enough to power all of Venezuela, are more than enough to power a small oil installation. In other words, the average Venezuelan still suffers from blackouts, but you can now extract oil and you don’t need to meet with the opposition or anything like that. And if all this weren’t enough, this entire process can be done entirely with companies from the USA.
There’s no need to call the German company Siemens, or the Japanese company Itachi, or the Swiss company ABB, no. Everything can be done with Uncle Sam’s companies, companies that, by the way, are already supported by the White House. In fact, who would you say is his main ally? That’s right, Vice President J. Divans.
He has been going on for months about building fast-installing gas-fired power plants to feed artificial intelligence data centers. I don’t know if it’s a bad idea, I do n’t know if it’s a good idea in the case of artificial intelligence, but now he wants to bring this technology to Venezuela. And you might ask, why? This is where we get to the civil war within the Republican party.
[ __ ] fight. Exact. In two years the Republican party will have primary elections and everything points to us seeing two contenders. Marco Rubio versus JD Bans. Clearly, two years in politics is an ice age. We’ll have to see how these two politicians fare in 2028, but for now it looks like we’re going to have Marco Rubio versus JD Vans.
Some would say they’re like Pepsi versus Coca-Cola. Furthermore, I’m sure many of you think that a debate between Marco Rubio and Jid Bans is like a debate between mint chewing gum versus chlorophyll chewing gum. Is anyone really able to tell the difference? I mean, I’ve always seen them on display my whole life. Mint gum or chlorophyll gum. They seem the same to me.
Is there anyone among you who says, “No, no, I don’t like the chlorophyll ones, only the mint ones, or vice versa?” Leave it in the comments, please. I want to meet that person and I want you to explain the difference in taste to me, but that’s not what it’s about . Moreover, when we look at the nuances, we find that both politicians have almost opposite views on almost everything. Iran-Contra War.
Marco Rubio is in favor and Jid Bans is against. He doesn’t say it openly, but we all know it. Capture Nicolás Maduro. Marco Rubio was very much in favor; in fact, it was his plan. Jid Bans wasn’t so sure. Democratic transition in Venezuela. Marco Rubio is in favor. Come on, he’s not just in favor, he has his own transition plan inspired by Spain’s experience.
Clearly, Marco Rubio, as you know, is the classic Neocon who defends the universal idea of liberal democracy that must be exported to the whole world. You can be for it, you can be against it, but that’s their ideology. However, JD Banks represents the purest America first. In other words, [cries] democracy is all well and good, but what about me? And under this logic, the fact that Venezuelans have electricity matters little to the Milwaukee voter.
What they’re looking for is business, money, and for that, gas plants that can be installed quickly in just one month are a fast, cheap, and above all, easily controllable solution. Furthermore, is the United States really interested in Venezuela becoming a democracy? I mean , if you ask me, I’d say, obviously yes, in the long run it’s the best, but [snort] and isn’t it better to have a dictatorship that depends on you for absolutely everything? I’m not making this up.
Pay attention to what this diplomat says. Let’s be clear about one thing. For Washington, Delc Rodríguez is 100 times more predictable than María Corina Machado. Kevin Waker, former US mission chief in Venezuela and former ambassador to Colombia. In other words, within the White House itself there is a sector that seems very comfortable with a domesticated Chavismo, even preferring it to a democratic, sovereign Venezuela with the legitimacy to make its own decisions.
This sector would be led by J. Van and would be trying to undermine Marco Rubio’s project. In a previous video I told you about his biography and I’m not going to lie to you. If I have to choose a side in this war, to no one’s surprise, you already know that I’m more on team Marco Rubio than on team Jans. However, I was also telling you that the fact that Marco Rubio has been shining so brightly lately is a risk for him.
In other words, memes like this one that portrays Marco Rubio as the go-to guy for everything are doing him more harm than good. And you might ask, why? Because they generate mistrust among the other Republican candidate hopefuls, mainly among J. Evans and his people. And never forget that power is only measured when it is put to the test.
And this is yet another scenario to see who has more power and influence over Donald Trump, Marco Rubio, or JD Vans. That is why Venezuela is becoming the Vietnam of this brewing civil war that we are experiencing in the Republican party. But unfortunately, it is the Venezuelan people who may pay the price for all of this.
And I know what many of you will say. It is true that both solutions can coexist. Repair the Guri dam, repair the entire hydroelectric power installation of Venezuela, and at the same time put a quick patch on while the whole thing is repaired, which will take many years. But there is also a very big risk that we will only be left with a band-aid solution while the real solution remains in a drawer forever.
In other words, for those of you who haven’t studied classical philology, let it stay in a drawer forever . So, having reached this point, the question is now for you. Who will win this battle? Marco Rubio or JD Vans? Will we see how Venezuela ends up repairing its electrical system, or will it just put a band-aid on it? You can leave your answer in the comments and as always, don’t forget that here at Solo Fonseca we release new videos every week.
So subscribe to this channel and hit the bell so you don’t miss any of our updates, so that the moment you get the notification, you can click and watch the video right away. If you enjoyed this content, you know what to do: give it a like and we’ll see you in the next one.
Thank you for being there and see you soon .
Disclaimer : This content may be created by AI for entertainment purposes. Any resemblance to real persons, events, or places is coincidental.
