Trump's Venezuela Oil Deal: President or Businessman? Global Criticism Mounts
Business
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News1809-01-2026, 16:02

Trump's Venezuela Oil Deal: President or Businessman? Global Criticism Mounts

  • US President Donald Trump's administration announced control over Venezuela's oil sales, aiming for 30-50 million barrels.
  • Analysts criticize Trump's 'deal-making' approach to foreign policy, questioning if profit-loss calculations are appropriate for national interests.
  • Despite potential billions, experts argue Venezuelan oil revenue is insignificant for the massive US economy and its changing energy landscape.
  • The global energy paradigm has shifted from oil to technology; semiconductor chips are now more critical than oil supplies.
  • Significant investment ($20 billion) is needed to revive Venezuela's dilapidated oil infrastructure, with security costs also a major concern.

Why It Matters: Trump's Venezuela oil strategy faces global criticism for prioritizing business deals over strategic foreign policy.

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