Trump's Venezuela Oil Deal: A Billion-Dollar Miscalculation?

• Trump administration aims to control Venezuelan oil sales, expecting $1.5B-$2.5B from 30-50 million barrels, a small sum for the US economy.
• The US became an oil-exporting nation in 2020, and global oil demand has decreased since 1979 due to alternative energy sources.
• Today's power lies in technology; semiconductor chip shortages, not oil, halted car factories during COVID-19.
• Venezuelan oil production could increase by 500,000 barrels/day with a $20B investment, yielding $7.5B-$15B annually, minor compared to US domestic oil GDP ($240B).
• Experts believe only oil companies like ExxonMobil, Chevron, and ConocoPhillips would benefit, with no significant impact on the broader US economy.

Why It Matters: Trump's focus on Venezuelan oil for profit is outdated, as technology now holds more power than oil.