The U.S. government is supporting initiatives that major producers have decided not to pursue.
President Donald Trump’s decision to oust socialist leader Nicolás Maduro in January provided a unique chance to address Venezuela’s previous socialist policies. This move seemed to pave the way for a pro-America opposition keen on establishing a free market. There was optimism about ending the government’s tight control over oil production.
Energy Secretary Chris Wright is scheduled to meet with Venezuelan acting President Delcy Rodriguez in Caracas. This engagement follows recent developments in U.S.-Venezuelan relations.
However, eight months after Maduro’s removal, a new agreement involving his former vice president raises concerns. There is fear that the deal might reinforce the very elements that contributed to Venezuela’s economic collapse. This situation poses a risk of repeating past policy errors.
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