US EditionPublished • loading... • Updated
Investors Face More Geopolitical Whiplash From Trump's Venezuela Gamble ...
Trump's plan involves billions in U.S. oil company investments to restore Venezuela's production, currently at 1 million barrels per day, amid legal and political hurdles.
- On Jan. 4, 2026 President Donald Trump proposed U.S. control of Venezuela's oil industry after U.S. forces captured President Nicolás Maduro and urged American oil companies to rebuild production.
- With roughly 303 billion barrels of proven reserves, Venezuela now produces about 1 million barrels a day versus nearly 4 million in 1974, producing less than 1% of the world's crude, the U.S. Energy Information Administration reported.
- Analysts note the practical hurdles: restoring output to four million barrels daily could take a decade and $100 billion, with pipelines dilapidated, rigs abandoned in the Orinoco Basin, and Chevron producing about 250,000 barrels daily.
- Markets saw little immediate price change because global oil markets were closed amid a surplus, but unlocking Venezuelan supply could reduce reliance on Russia and boost growth long-term.
- Historically and politically, Washington has not intervened so directly since the 1989 Panama invasion, while international law experts warn seizing Venezuela's oil raises legal issues and investment timing remains uncertain.
Insights by Ground AI
13 Articles
13 Articles
The Globe & MailReposted by 
Energy News for the United States Oil & Gas Industry | EnergyNow.com
Energy News for the United States Oil & Gas Industry | EnergyNow.comInvestors face more geopolitical whiplash from Trump’s Venezuela gamble
Flight to safe-haven assets may materialize in short term
·Canada
Read Full Article
Trump's plan to seize and revitalize Venezuela's oil industry faces major hurdles
President Donald Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing that country's president in a military raid isn't likely to have a significant immediate impact on oil prices
·Las Vegas, United States
Read Full ArticleCoverage Details
Total News Sources13
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
12%
Factuality
To view factuality data please Upgrade to Premium
