“Venezuela’s oil infrastructure is so degraded by years of neglect, and its business environment so difficult to navigate due to decades of corruption and poor governance, that the scale of investment required to revive production, refinement and exports is vast — typical estimates being north of $100 billion over 15 years,” John Rapley, an expert in the global political economy, wrote in an essay in UnHerd.

 

Venezuela, Trump Came to Liberate Your Oil, Not Your People

By Thomas L. Friedman

Opinion Columnist

Forget the Naysayers, Venezuela Offers Quick Oil Wins

By Javier Blas

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.”