I would be happy to.
The greatest risk is that they might legalize investment from foreign companies, but then they probably won't come. Mining and oil extraction are long-run investments. Right now, all these companies only have a guarantee that their assets won't be expropriated. Criminal groups will target them as long as the Trump administration is in power, because nobody credibly believes that a future administration will use force against the Venezuelan regime like they did on January 3. That is the only thing incentivizing this transition.
This is important to understand. This is not happening because the regime wants private investment. This is happening because the regime fears the U.S. government. The U.S. government asked them to open up for private investment, so they're doing it. Private investors need to make a choice: “Am I going to recover my investments or not?” If you believe that there will be a democratic transition, then yes, you will recover your investment. However, if you believe that this transition will lengthen beyond the Trump administration, over three years, then there is a high risk that you won't recover your investment.
The investment would be very good for the Venezuelan people, not even because of the tax revenues, but because of local hiring. In fact, the latest news that came out in The Wall Street Journal or in Reuters was that they couldn't find enough oil engineers in Venezuela because all the oil engineers left the country. Which American or Canadian oil engineer [Technical difficulty—Editor].
