Venezuela Oil Deal Won't Lower Gas Prices, Experts Warn

President Donald Trump recently announced a massive oil deal with Venezuela, claiming it would 'substantially lower gas prices for all Americans, long into the future.'

However, experts say that it will take years and significant investments to boost Venezuela's oil output due to the country's severely damaged infrastructure.

Venezuela's proven oil reserves are estimated at 303 billion barrels, with 65 billion of those belonging to the US under the new deal.

The long-term viability of this deal is uncertain, according to experts, who point out that it will take time to repair and revitalize Venezuela's oil production capabilities.