Chevron plans to double Venezuelan oil production

We are learning more this week as oil giant Chevron confirmed that it will expand operations in Venezuela. This comes after President Donald Trump announced a deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. U.S. Energy Secretary Chris Wright on Wednesday attended a ceremony in Venezuela’s capital to sign new agreements. LiveNOW’s Austin Westfall is speaking with Ed Hirs, an University of Houston Energy Fellow, as we learn more about how these deals will impact consumers.