The Daily Beast
The Daily Beast
US · 1 hrs ago

Oil Exec Ridicules Trump’s $100B Plan With Brutal Response

MANDEL NGAN / AFP via Getty Images Oil executives and Venezuela experts alike are scoffing at President Donald Trump’s $100 billion scheme to ramp up oil production, casting doubt on whether the deal will yield meaningful crude. The White House rolled out the arrangement this week, securing a 35 percent stake for the federal government in North American Blue Energy Partners, an oil outfit selected to drill in Venezuela. “F--k all, what is this?” an anonymous high-ranking oil executive told…
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