Days after the White House announced that the US would take majority control of a large share of Venezuela’s oil reserves, critical questions about the agreement remain unanswered. Jorge Piñón, a former oil executive now at the University of Texas at Austin, tells The World’s Host Marco Werman that he questions whether a deal even exists.

Trump’s Venezuela oil deal gives the US majority control of major reserves, while Venezuela targets 1.5 million barrels a day and $209b in annual revenue.

The Trump administration announced a deal Friday to develop a vast amount of Venezuela's oil reserves, with the U.S. taking a majority stake. Energy experts say there are many…