Venezuela oil deal represents good progress, bad structure
In 2007, Hugo Chavez sent men with rifles into the Orinoco Belt. They walked into oilfields Americans had surveyed, Americans had drilled and American engineering had made productive and told ExxonMobil and ConocoPhillips to take a minority stake in their own work or get out. Those two got out. Chevron stayed and ate two decades of abuse for it. Chavez handed what he took to party loyalists, ran it into the ground and left his people eating zoo animals atop the largest proven oil reserves on earth. Give President Donald Trump the credit he has earned. Nicolas Maduro is gone. The Strait ...