Venezuela’s Oil Revival Won’t Come From Regime Change

The online debate continues to rage over the merits and demerits of the U.S.’s audacious capture of Nicolás Maduro. Narratives around international law and geopolitical ramifications are relevant, but Venezuela’s oil potential now dominates. I have written that the ‘war for oil’ narrative is a mirage. Just as there are many competing interests in the Trump administration, there are myriad motives for Maduro’s removal – be they fair or foul. While Venezuela’s proven reserves are formidable, the expert…