Trump's Venezuela Oil Deal: President or Businessman? Global Criticism Mounts
Business
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News18•09-01-2026, 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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