Trump: Taxpayers to Fund Venezuela Oil Plan, Oil Companies to Profit
Following the removal of Venezuelan President Nicolás Maduro, the U.S. plans to seize the country’s oil reserves for American oil companies. This initiative is expected to involve a substantial financial investment, potentially funded by American taxpayers, as the aging oil infrastructure requires significant upgrades. Trump believes the U.S. oil industry could expand operations in under 18 months, which he claims will lower oil prices. While the president has not specified the amount of investment needed, experts estimate the costs could reach upwards of $200 billion.
John Q. Hosedrinker