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Fortune

Sasha Rogelberg, Nick Lichtenberg

Trump’s strike on Venezuela gives the U.S. 30% of the world’s oil reserves on paper and a $100 billion rebuilding job in reality

Oil Donald Trump Venezuela Nicolas Maduro Helima Croft United States Edmundo González United Nations RBC Capital Markets the League of Nations

Rubio, Trump (Credit: Joe Raedle/Getty Images)

President Donald Trump’s plans to restore Venezuela’s beleaguered oil industry faces a series of challenges that will cost U.S. oil companies many billions of dollars to overcome.

Over the weekend, U.S. forces arrested Venezuelan President Nicolas Maduro on drug trafficking charges, with Trump claiming the U.S. would “run” the country and take over the country’s nationalized oil reserves.

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