Trump's Venezuela Oil Plan: Costly, Risky, But Could Lower Prices
Update: 2026-01-06
Description
President Trump proposes reviving Venezuelas oil industry, aiming to lower global oil prices and benefit both companies and the U.S. However, oil companies express skepticism due to Venezuelas history of asset seizures, ongoing U.S. sanctions, and political instability. The Trump administration has not yet briefed these companies on the details of the operation, which captured former leader Nicolás Maduro on Saturday. Venezuela previously nationalized oil assets in the 1970s and under Hugo Chávez, leading to the departure of Exxon and Conoco but Chevrons continued limited operation with a sanctions waiver. Checkout Solipillow.com
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