Skepticism grows over Trump's $100B Venezuela oil bet

Oil executives and Venezuelan experts doubt the White House’s $100 billion plan to revive Venezuelan oil will yield meaningful output soon, noting undeveloped or uneconomical fields, infrastructure gaps, and disputed lease terms (100-year vs 25-year). With the U.S. taking a 35% stake in North American Blue Energy Partners and a 20% production access at cost, plus Pentagon financing, the deal faces sovereignty, legality, and profitability questions, making it seem more aspirational than immediately impactful.