ICN Sunday Morning: Trump’s Venezuelan Oil Grab

Go behind the scenes with executive editor Vernon Loeb and Washington bureau chief Marianne Lavelle as they discuss the complex and uncertain future of America’s oil interests in Venezuela.After the United States’ dramatic raid and capture of Venezuelan President Nicolás Maduro, the Trump administration announced that U.S. oil companies would step into the high-cost, high-risk venture of rebuilding the Venezuelan industry.But will they? Given Venezuela’s murky political future, few analysts expect a rush to invest the billions needed to pump more oil from the world’s largest reserves.Marianne explains the history and context of this grab for Venezuelan oil, why American oil companies may eye the situation warily, and how to make sense of Trump’s ambitions. Read the story: https://insideclimatenews.org/news/07...Explore ICN’s reporting on the oil industry: https://insideclimatenews.org/categor... Subscribe to the ICN Sunday Morning newsletter: https://insideclimatenews.org/newslet... Support our nonprofit newsroom: https://insideclimatenews.org/donate