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More: The Nobel Peace Prize winner made her pitch by live video to a business conference in Miami attended by American executives and politicians, including President Trump.

"I am talking about a $1.7 trillion opportunity," Mara Corina Machado, Venezuela's main opposition leader, said last month, weeks after winning the peace prize for challenging Nicols Maduro, the country's autocratic leader.

She highlighted Venezuela's enormous oil and gas reserves " "We will open all, upstream, midstream, downstream, to all companies" " as well as its minerals and power infrastructure. Her message has been unwavering since early this year, when she boasted of her country's "infinite potential" for U.S. companies on a podcast hosted by the president's oldest son, Donald Trump Jr.

She has had a receptive audience.

The president and his aides have insisted publicly that their lethal military operations around Venezuela and pressure campaign against Mr. Maduro are mainly aimed at protecting Americans from drug trafficking. But Venezuela is not a drug producer, and narcotics smuggled through the country mostly go to Europe.

Behind the scenes, administration officials have also focused intently on Venezuela's oil reserves, the largest in the world.

Their importance is evident in secret negotiations between U.S. officials and Mr. Maduro about oil, and in conversations that Mr. Trump's aides and allies have had with Ms. Machado and other Venezuelan opposition figures.

Mr. Trump has publicly made clear his interest in control of Venezuela's reserves. In a speech to Republicans in North Carolina in 2023, four years after he backed efforts during his first term to oust Mr. Maduro, Mr. Trump said, "When I left, Venezuela was ready to collapse. We would have taken it over, we would have gotten all that oil, it would have been right next door."

NPR did a good piece on this this morning. www.npr.org

"Two to three hundred thousand people die every year, that we know of, so we're formally classifying fentanyl as a weapon of mass destruction," Trump said.

In fact, Trump's numbers are wildly inflated. According to a report from the Centers for Disease Control and Prevention, fentanyl killed roughly 48 thousand people in the U-S last year - a 27 percent drop from the year before.

Experts also say fentanyl would be difficult to use as a weapon of mass destruction. There is only one documented incident worldwide, in 2002, where the Russian government weaponized fentanyl in gas form. There have been no cases reported in the U.S.

"It is not evident that there is any basis or need for, or net benefit to, officially designating fentanyl compounds as weapons of mass destruction," concluded a 2019 report by the Center for the Study of Weapons of Mass Destruction at the National Defense University.

Jeffrey Singer, a physician and an expert on street drugs at the Cato Institute, said people are dying from fentanyl in the U.S. because of widespread opioid addiction, not because cartels are deliberately weaponizing the drug.

"I don't know how you can equate smugglers meeting market demand and selling something illegal to someone who wants to buy it as an act of war," Singer said.

Most drug policy experts also say designating fentanyl as a WMD isn't likely to cut the supply of drugs on American streets or slow US overdose deaths.

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"Whatever actions are taken in the Caribbean have no effect on fentanyl," she said. Cartels operating in the Caribbean region are heavily involved in cocaine trafficking, Felbab-Brown said, but much of that illegal product goes to countries other than the United States.

Others shared the view that the military strikes are likely to be ineffective and could even be counter-productive.

"All we're doing is making the cartels come up with more potent and powerful forms of drugs to smuggle," said Singer, at the Cato Institute.

His fear is that more cartels will shift drug production away from cocaine - a risky but far less lethal street drug " and will pivot to dealing deadlier synthetic substances such as fentanyl, methamphetamines and nitazenes that can be produced and smuggled more easily.

"The added risk makes it necessary for them to do that," Singer said.

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