Do oil companies really want to invest in Venezuela?
President Donald Trump is celebrating the U.S. attack on Venezuela as a victory for control of that country’s oil reserves. “We’ve taken $4 billion of oil in one day,” he said Thursday on Fox News. “That will increase.” However, it is unclear whether American oil companies are willing to undertake the effort and expense of rebuilding Venezuela’s petroleum industry.
Venezuela’s “huge reserves of crude oil” are not necessarily a “tantalizing prospect for private investors,” said Politico....