Trump's Venezuelan Oil Deal: A Gamble on the Country's Oil Rebound The latest move by President Trump to grant the United States majority control of over 60 billion barrels of proven Venezuelan oil reserves has sent shockwaves through the energy sector and beyond.
On its face, this deal appears to be a coup for American interests, potentially doubling US oil reserves and significantly increasing domestic supply.
However, upon closer examination, it becomes clear that this agreement is as much about politics as it is about petroleum.