A visual guide to Venezuela’s oil and why Trump wants it

Why the US, the world's top oil producer, wants Venezuela's oil, too

The U.S. pumps more crude than any other nation in the world but it still wants Venezuela's oil. Here's why.

A visual guide to Venezuela’s oil and why Trump wants it

The largest oil reserves in the world in 1980 were concentrated in the Middle East, principally in Saudi Arabia. Venezuela had been found to have considerable deposits — which were essential to the country’s economy in previous decades — but they represented only 3% of the world total.Seguir leyendo

Trump's Venezuelan Oil Gambit: The Black Gold Mirage

By Syed Abbas As the American troops consolidate their control in Venezuela , President Trump has declared his intentions of seizing the country’s oil deposits that are largest proven reserves. The reality behind the promises of energy security, geopolitical leverage, and an economic windfall may temper the expectation of Washington and beyond. Venezuela do have theoretically abundant oil wealth, a whopping 300 billion barrels of hydrocarbon res…