Trump’s Plan for Venezuela’s Oil Industry

Summary

The video reports on US air strikes in Venezuela that captured Nicolas Maduro. President Trump has stated he wants US oil companies to invest billions to repair Venezuela's oil infrastructure and profit from its vast reserves. Venezuela holds over 300 billion barrels of proven oil reserves, mostly in the Orinoco Belt, and Chevron already produces about 25% of Venezuela's oil. Trump says the US will run the country until a proper transition occurs.

• US military strikes in Venezuela captured President Nicolas Maduro.
• Trump says US oil companies should spend billions to fix Venezuela's oil infrastructure.
• Venezuela has over 300 billion barrels of proven oil reserves, mostly in the Orinoco Belt.
• USGS estimates over 1 trillion barrels of oil in place in the Orinoco Belt.
• Chevron already produces about 25% of Venezuela's oil and is the largest investor.
• Trump says the US will run Venezuela until a proper transition.