U.S.-Venezuela oil deal: Will 65 billion barrels really lower gas prices?
By CGTN America
Community Score: 50% | 831 views | 1mo
0 community ratings: null thumbs up, null thumbs down
The U.S. and Venezuela have struck a major oil agreement giving a new joint venture 100-year concessions covering 17 Venezuelan oil fields with about 65 billion barrels in proven reserves. The U.S. government is also set to receive a 35% equity stake. CGTN's Sean Callebs spoke with James Coleman, Law Professor at the University of Minnesota, about what the deal means for Venezuela's oil industry, U.S. energy prices, China and the political and legal risks surrounding the agreement. #bizshow #Venezuela #oil #energy #Trump #NABEP #OilPrices #Energy #GasPrices #China Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica.tiktok This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D
Tags: CGTN, Chevron, Gas Prices, Oil, Oil Prices, US, Venezuela, bizshow, crude oil
More from CGTN America
- Jeffrey Sachs: U.S. and Israel underestimated Iran — Score: 50%
- How will the global oil disruption affect your wallet? — Score: 50%
- US businesses request refunds after Trump tariffs overturned by Supreme Court — Score: 50%
- TSA officers still on the job despite partial government shutdown — Score: 50%
- China, Brazil look to expand trade and tourism relations — Score: 50%
- 5,000 US Marines deployed to the Middle East. Now what? — Score: 50%