Venezuela's Oil Deal: A Misguided Gamble on Global Markets The recent announcement of a deal between the Trump administration and Venezuela to develop the latter's oil reserves has left many in the energy sector perplexed.
On its face, it seems like a bold move by the White House to secure a major new source of fossil fuels for the US market. However, scratch beneath the surface, and you'll find a more complex – and troubling – picture.
One immediate concern is that this deal won't have much impact on gas prices in the US.