The U. S.
Venezuela Oil Deal Won't Lower Your Gas Prices The news that the Trump administration has brokered a deal to develop Venezuela's vast oil reserves, with the US taking a majority stake, has sent shockwaves through the energy industry.
On its surface, this development seems like an attempt by the US to secure a new source of crude oil and reap rewards for American companies. However, scratch beneath the surface, and a more complex picture emerges.