For too long, Venezuela has confused maintaining its sovereignty with keeping its oil in the ground even if its vast oil reserves produced neither investments nor collective well-being. But true sovereignty means establishing rules that turn those resources into prosperity for Venezuelans, including with international partners.
That’s how to judge the oil deal announced by the governments of the U.S. and Venezuela. The transaction has not been fully disclosed. Reports indicate that it is a long-term energy partnership between the two governments structured with private capital and operators… Read More in Real Clear Politics