US Taps Controversial Insider to Lead Venezuela Oil Strategy

📡 Financial Times · 1 min read ·
The United States has enlisted a shrewd and polarizing insider to help develop Venezuela’s oil reserves, according to sources familiar with the matter. Alejandro Betancourt, a figure known for his political connections and business acumen, is now positioned as a key intermediary in Washington’s efforts to reshape the South American nation’s energy sector. Betancourt’s role, described by some as a potential “viceroy” under former President Donald Trump’s influence, signals a pragmatic yet risky approach to unlocking Venezuela’s vast crude deposits. Supporters argue his deep knowledge of the country’s complex power structures makes him indispensable. Critics, however, warn that his divisive reputation could undermine trust in any future agreements. The move comes as the US seeks alternatives to reduce dependence on other foreign oil suppliers, but it also raises questions about the long-term stability of such a partnership. For now, Betancourt remains a central figure in a high-stakes gamble that could redefine energy diplomacy in the region.