Why Oil Majors Are Hesitant to Invest in Post-Maduro Venezuela

The U.S. stood the energy world on its ear with the “wee-hours” takedown of the Maduro regime just as the New Year began. One of the principal aims of the administration was made abundantly clear in the press conference that detailed the stunning shift in energy geopolitics that had been effected just a few hours before. In addition to bringing Nicolas Maduro to justice, the U.S. was taking over the administration of the country’s oil sector with the express ambition of revitalizing it and increasing production. Estimates were…