Source: The American Conservative
by Joseph Addington
“t the end of August, President Donald Trump announced a major deal with the government of Venezuela. The agreement would give the U.S. functional control of about 20 percent of Venezuela’s oil, which equates to over 65 billion barrels—or almost one and a half times more oil than the United States has in its own current proven reserves (which total approximately 46 billion barrels). … Trump, ever the dealmaker, appears to view this as the capstone of his Venezuela policy. Superficially, it bears the hallmarks of a triumph for a kind of crude foreign policy realism: American hard power, deployed narrowly, forced cooperation from a previously hostile neighbor and secured material benefits for the United States. … Despite the president’s enthusiasm, however, the Venezuelan oil deal is a clumsy instrument that introduces significant risks.” (09/09/26)
https://www.theamericanconservative.com/trumps-venezuelan-oil-deal-is-a-big-gamble/