President Trump Announces U.S. Majority Control of Venezuelan Oil Reserves
President Trump announced on Friday that a deal with Venezuela would grant the United States majority control over 65 billion barrels of recoverable oil. This development follows a period of intense pressure from the Trump administration on Venezuela's government, particularly since U.S. forces reportedly kidnapped its long-time ruler, Nicolas Maduro, earlier this year. The announcement has raised questions about the beneficiaries and potential losers of such a deal, especially concerning the control of one of the world's largest energy reserves. A former U.S. ambassador, John D. Feeley, who served in various diplomatic postings across Latin America, is providing insights into these complex questions.