Trump says he’ll unleash Venezuela’s oil. But who wants it?
Shortly after launching a dramatic raid in which U.S. forces abducted Venezuelan leader Nicolás Maduro on Saturday, President Donald Trump justified the action with a promise to revive Venezuela’s moribund oil industry. The country has by far the largest claimed reserves of crude oil in the world, accounting for almost a fifth of the world’s remaining known crude oil, but its production has plummeted under Maduro, who has ruled the country since 2013.
“We’re going to have our very large United States oil companies...