Chevron Shows Why Venezuela’s Oil Boom Remains a Distant Prospect

In a momentous week for Venezuela, Chevron Corp. delivered the sequel to the White House’s blockbuster oil deal. Except that it’s more of a prequel. While the US oil major’s new multi-billion dollar investment in Venezuela would appear to confirm that President Donald Trump’s own venture there will soon bring barrels flooding back into the global market, it actually serves to highlight the challenge of turning rhetoric into reality.