— Trump’s $100 billion plan to revive Venezuelan oil production is facing strong skepticism from oil executives and Venezuela experts, who warn that significant production could take at least a decade—or may never happen, POLITICO reports.Experts say the fields could require hundreds of billions of dollars to develop and often lack pipelines, electricity, and other infrastructure.
Industry executives also question North American Blue Energy Partners’s ability to manage such a huge project, with one calling it “way too big for a company with no capabilities and no credibility.”
The plan also faces questions over its legality and political durability.
