The pitfalls in Trump’s Venezuela oil play

The Trump administration revealed further details regarding a new oil deal with Venezuela. According to a press release, the Pentagon’s Office of Strategic Capital will acquire a 35 percent equity stake in North American Blue Energy Partners, which ranks as Venezuela’s second-largest private oil producer. However, analysts caution that the agreement might fail to attract investment from US groups and could potentially destabilize the country’s interim president, highlighting significant pitfalls in the strategic oil play.