Trump’s Trillion-Dollar Oil Play: A Trap For Big Oil?

S. 's sphere of influence. Venezuela is one of the key countries from which this increased production is designated to flow, which is why Washington is focusing so much of its efforts on encouraging heavy investment from American oil and gas giants into the country. It is in this context that very recent changes to Venezuela's 'Organic Hydrocarbons Law' should be seen.

A. PDVSA to lock in 105 new oil contracts by the end of this year. S. removal of former president Nicols Maduro in January -- had delineated the exact tiered fiscal rates on a major international stage to tempt in global capital, despite the broad framework being technically written in January and clarified with fiscal regulations in July.