- President Trump is framing a US stake in 65 billion barrels of Venezuelan oil as a route to lower gasoline prices and replenish crude reserves, but Bloomberg reports that neither outcome is certain during his presidency.
- The administration is seeking a US-controlled venture to give producers confidence to develop 17 Venezuelan oil fields after private companies, including ExxonMobil and ConocoPhillips, did not move quickly enough to raise Venezuelan output.
Quotes
“It’s far from certain the plan will lead to either during his presidency — if at all.”