US Interests in Venezuela's Oil: A Shift in Global Power Dynamics? The White House's latest move to tap into Venezuela's oil industry has sent shockwaves through the global energy landscape.
On Monday, the administration announced a partnership with North American Blue Energy Partners that will grant the Pentagon a stake over roughly a fifth of Venezuela's vast oil reserves.
Venezuela's oil industry has long been prized by China and Russia, who have invested heavily in its infrastructure and operations.