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Why unlocking Venezuelan oil won’t mean much for US energy prices

  • Written by Amy Myers Jaffe, Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
Why unlocking Venezuelan oil won’t mean much for US energy pricesA sculpture of a hand holding an oil rig stands outside the headquarters of Venezuela's national oil company. Pedro Mattey/AFP via Getty Images

In the wake of U.S. forces’ arrest of Venezuelan President Nicolás Maduro, U.S. President Donald Trump has said the U.S. is taking over Venezuelan oil production.

In addition, the U.S. has...

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