Episode Details

Chevron is betting big on Venezuela, pledging a $7 billion investment over five years to more than double its oil output — a bold move that cements U.S. energy interests in the country and signals strong support from the current administration. With Venezuela’s vast reserves and crumbling infrastructure, Chevron’s entry stands out as the only major U.S. company seriously stepping back in — even as skeptics warn it’ll take years and billions to turn things around, and question whether the acting president had the legal authority to grant such long-term rights.

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