U.S. Officials Defend Venezuela Oil Agreement Amid Diplomatic Criticism
Administration allies are defending a controversial energy pact with Venezuela, arguing it could significantly boost regional oil output. Critics, however, condemn the arrangement as coercive diplomacy that undermines democratic pressures on the Maduro regime.
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Trump ally defends Venezuela oil deal amid ‘gunpoint diplomacy’ criticism
Energy secretary Chris Wright denies US seeking to ‘take’ country’s oil, saying deal is ‘transformation’ of relations The US energy secretary, Chris Wright, has denied Washington is seeking to commandeer huge quantities of Venezuelan oil, amid growing criticism of Donald Trump’s energy deal with the country’s interim leaders. “Absolutely not,” Wright replied when asked by a CNBC journalist if the US was engaged in a “heavy-handed” attempt to “take” Venezuelan oil in violation of the South Ame...
By Tom Phillips in Rio de Janeiro
Read full article →Energy Secretary Wright Says Venezuela Could More Than Double Oil Production
Energy Secretary Wright Says Venezuela Could More Than Double Oil Production Venezuela’s crude oil production rate could double in the next few years thanks to new deals set to be signed with U.S. and other foreign energy companies, U.S. Energy Secretary Chris Wright has said. “The investment in these deals will massively grow available oil production, which will give downward pressure on oil prices, but the biggest kink right now in gasoline and diesel prices is refining capac...
By Tyler Durden
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