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International Business Times UK
International Business Times UK
Politics
Kella Pacquiao

Trump's Venezuela Oil Strategy Raises Questions Over Immediate Gains for Texas

President Donald Trump's plan to place US energy companies at the centre of efforts to rebuild Venezuela's oil industry has drawn questions over whether the strategy would deliver near-term economic benefits for the United States, particularly for Texas, where many refineries are configured to process heavy crude.

According to reporting by CBS News and comments made by Trump at a recent news conference, the proposal follows a sharp escalation in US involvement in Venezuela after a US-led operation resulted in the capture of President Nicolás Maduro and his wife, alongside indications of a possible political transition.

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