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What to Know About Venezuelan Energy Following Trump’s Oil Deal
Developing
In Short: President Trump's deal to develop Venezuela's oil reserves faces legal challenges and international backlash.
Oil giant Chevron has confirmed it will expand its operations in Venezuela, just days after President Trump announced a deal to develop the nation's oil reserves and involve the Pentagon in the profits.
The move comes despite warnings from Canadian Prime Minister Justin Trudeau, who urged the U.S. to stop 'throwing shade' and 'being tough.
Meanwhile, Apple has relabeled Lake Ontario as 'Lake America' for U.S. users, following a similar move by Google.
Interior Secretary Doug Burgum confirmed that Trump had directly contacted the company about the name change, which occurred shortly after Trump's announcement of military operations against Iran.
What's confirmed
What's still developing
- Oil giant Chevron confirmed that it will expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in…
- Canadian Prime Minister Mark Carney told the Trump administration Tuesday to “stop doing memes, stop throwing shade and stop trying to be tough,” as he pushed back against a fresh wave of taunts from Washington.
- Now Apple has matched Google in relabeling Lake Ontario to “Lake America” for US users Apple’s move followed competitor Google days after Trump ordered a new name for the body of water.
- Interior Secretary Doug Burgum told Fox this week that Trump had reached out to the company “directly” about the change.
- They spoke on Tuesday shortly after Trump announced that the U.S. had resumed military operations against Iran in and around the Strait of Hormuz, but before Iran retaliated by attacking American interests in the region.
- The Venezuelan Constitution states that such arrangements must be approved by the National Assembly, which has not happened, wrote Ian Vásquez, vice president for international studies at the Cato Institute.
- “The deal lacks legitimacy since it was agreed to with a dictatorship that has clung to power for decades through violence and by committing what was probably the largest electoral fraud in Latin American history in…
- “What we’re doing is increasing the confidence for private businesses to come do deals in Venezuela, directly with the government of Venezuela, and possibly also with the partnership between NABEP. This is President…
Sources
- The Independentlink