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Trump says US is taking control of Venezuela’s oil reserves. Here’s what it means.

General Idaho Archived January 4, 2026
Trump says US is taking control of Venezuela’s oil reserves. Here’s what it means.
(CNN) — President Donald Trump on Saturday said the US would take control of Venezuela’s massive oil reserves and recruit American companies to invest billions of dollars to refurbish the country’s gutted oil industry. Venezuela is sitting on a massive 303 billion barrels worth of crude — about a fifth of the world’s global reserves, […]
The post Trump says US is taking control of Venezuela’s oil reserves. Here’s what it means. appeared first on East Idaho News.
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