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Trump's Venezuela oil gambit depends on a 'swashbuckling' attitude the market lacks
https://www.middleeasteye.net/news/trumps-venezuela-oil-gambit-depends-swashbuckling-attitude-market-does-not-have(www.middleeasteye.net)Donald Trump's strategy for Venezuela involves controlling its vast oil wealth, drawing inspiration from historical events like the post-Soviet oil rush. The plan reportedly includes abducting President Nicolas Maduro and having American energy companies rebuild the country's failing oil infrastructure for profit. Trump hopes to tap a "swashbuckling" spirit of adventurism similar to the 1990s, when speculators dove into the Caspian region. However, experts believe that today's major oil companies are far more risk-averse and unlikely to rush into Venezuela, despite it holding the world's largest reserves.
0 points•by pollard•7 days ago