Challenges and Developments in U.S.-Venezuela Oil Relations

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Source: PBS
Challenges and Developments in U.S.-Venezuela Oil Relations
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TL;DR Summary

President Trump's plan to take control of Venezuela's oil industry faces significant hurdles due to the country's decayed infrastructure, political instability, and international sanctions. While some analysts are optimistic about potential increases in oil production, substantial investments and political stability are required. The move could impact global oil markets and pressure Russia, but legal and logistical challenges remain significant.

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