In a recent CMG interview, David Castrillon, a research professor at Externado University of Colombia, threw shade on US President Donald Trump’s plan to tap Venezuelan oil profits for political clout—and maybe some extra cash. 😎💸
Trump’s idea is simple: buy and sell Venezuelan crude to fund stability in the region and boost his own bank account. Sounds slick, right? Castrillon says the equation is murky: uncertain production levels, sanctions hurdles, and shifting global oil prices mean the profits could fall way short.
Here’s the lowdown:
- Production puzzles: Can Venezuela ramp up output fast enough?
- Sanctions snag: US rules could block easy trade.
- Price rollercoaster: Oil futures fluctuate like crypto—one tweet can tank the market. 🎢
With all these moving parts, Trump’s gamble might backfire as a budget buster.
Why you should care? Whether you’re tracking fuel costs for your scooter ride in Jakarta 🛵 or eyeing energy stocks in Mumbai, this strategy could send ripples across global markets. Stay tuned—this oil saga is far from over! 🌍
Reference(s):
Trump's Venezuela oil gamble is shrouded in uncertainty: Academic
cgtn.com
