Trump's Venezuela Oil Deal and $100 Billion Question
President Trump has negotiated a deal to secure a US stake in 65 billion barrels of Venezuelan oil, promoting it as a way to lower gas prices and boost domestic crude reserves. However, experts question whether the plan will actually achieve these goals during his presidency or beyond. The administration created a new US-controlled venture to accelerate oil production from 17 Venezuelan fields after frustration with private companies like ExxonMobil and ConocoPhillips moving too slowly.
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Trump’s Venezuela Deal Leaves $100 Billion Question Unanswered
President Trump has negotiated a deal to secure a US stake in 65 billion barrels of Venezuelan oil, promoting it as a way to lower gas prices and boost domestic crude reserves. However, experts question whether the plan will actually achieve these goals during his presidency or beyond. The administration created a new US-controlled venture to accelerate oil production from 17 Venezuelan fields after frustration with private companies like ExxonMobil and ConocoPhillips moving too slowly.
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