Trump Seizes Venezuela Oil, U.S. Firms Cautious
Update: 2026-01-04
Description
President Trump seizes Venezuelas oil industry, aiming to revitalize it with American companies. Despite holding the worlds largest oil reserves, experts predict minimal immediate impact on oil prices due to deteriorating infrastructure and political instability. Major oil firms remain cautious, awaiting a stable setup before investing. Long-term, increased Venezuelan oil production could lower prices and pressure Russia, but legal challenges are anticipated. Checkout Solipillow.com
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