The IssueBoth parallels and differences jump out in looking at how the US is approaching Venezuela relative to Iraq. A key question is the extent to which the US push for control over Venezuela's oil sector will bleed into running the country itself. Control of Revenues as LeverageHow much control Venezuelan leaders will ultimately get over the country's oil revenues remains uncertain. The arrangement marks a clear parallel with US plans for Venezuela's oil revenues to be insulated from creditors in US Treasury accounts, per a Jan. 9 executive order. If Washington wants to engineer a US-dominated renaissance of Venezuela’s oil sector — beyond just improvements at the margins — a bigger governance footprint might be needed.