China's greed for natural resources drives Venezuela into the ground By Rahul Kumar ( IANS) | Published on Fri, Feb 19 2021 13:51 IST | 0 Views China's greed for natural resources drives Venezuela into the ground.. Image Source: IANS News New Delhi, Feb 19 : In January this year the US think tank, Council for Foreign Relations (CFR) mentioned in a report that Venezuela is headed towards an economic, political and humanitarian conflict. The analysis added that the US might have to accord it top foreign policy intervention otherwise Venezuela would be flooding neighbours with refugees resulting in an unmitigated humanitarian disaster. This assessment by the CFR is an irony considering that this Latin American country holds the world's largest oil reserves, has unending mineral resources and was once the richest country in the region.