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The Texas Tribune
The Texas Tribune
National
Paul Cobler

Trump says the U.S. will fix Venezuela’s oil industry. Texas experts say the idea faces hurdles.

Oil Venezuela United States Donald Trump Texas Ed Longanecker Chevron Todd Staples Hugo Chávez Nicolás Maduro

President Donald Trump has not been shy about sharing one of his motivations for the nighttime raid that captured Venezuelan President Nicolás Maduro on Jan. 3: oil.

The South American nation sits on the largest proven oil reserves in the world, but after decades of economic upheaval and more recently, U.S. sanctions and a naval blockade, little of it is actually sold on the global market.

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