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U.S. Eyes Big Stake in Venezuelan Oil | San Antonio News
The U.S. is eyeing a massive new stake in Venezuela’s oil — potentially 55% of output from a private company set to develop 17 fields holding 65 billion barrels, aiming to attract $100 billion in investment and generate $200 billion in taxes. But murky details linger: who’s the operator? How exactly does the U.S. get its share? And will gas prices drop? Experts say not soon — rebuilding Venezuela’s crumbling infrastructure will take years and billions. The deal sparks outrage among Venezuelans, who see it as betrayal, and critics call it “shameful,” questioning the legitimacy of the acting…
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