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What are the implications of the US-Venezuela oil deal?

play Live Sign upShow navigation menuplay Live Click here to searchsearchSign upplay videoplay videoVideo Duration 28 minutes 00 seconds play-arrow28:00Inside StoryWhat are the implications of the US-Venezuela oil deal?Opposition in Venezuela as interim leader insists the deal with Washington will help with the country’s recovery.

A new deal between Caracas and Washington would give US companies access to more than a fifth of Venezuela’s vast oil reserves.

But there’s opposition in Venezuela, as well as debate about whether the plan is legal.

Cornelia Meyer – commodity specialist and CEO of Meyer Resources

Francisco Rodriguez – senior research fellow at the Center for Economic and Policy Research at the University of Denver, former head of the Economic and Financial Advisory of the Venezuelan National Assembly

Read original at Al Jazeera English

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