Official Washington is consumed these days with rumors of untoward Russian influence. So far, however, it has all but ignored an ominous reality: The Kremlin is poised to secure control over key parts of the U.S. energy sector.

Specifically, Vladimir Putin’s state-owned oil conglomerate, Rosneft, has exploited the dire economic circumstances of its bankrupt Venezuelan counterpart, PDVSA. As a result, Moscow may soon acquire many – if not actually all – of the assets of Citgo, until now a PDVSA subsidiary. Citgo’s three critical American oil refineries and pipelines could enable Russia to manipulate or disrupt U.S. energy flows.

A House subcommittee is holding a hearing today entitled “Venezuela’s Tragic Meltdown.” Congress must begin assessing whether one of the repercussions of that disaster for Latin America will be a yawning strategic vulnerability for the United States.

Frank Gaffney, Jr.
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