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How Venezuela Grew Poor With More Oil Than Saudi Arabia
Summary by Caribbean and Latin America Daily News
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How Venezuela Grew Poor With More Oil Than Saudi Arabia
By John P. Ruehl News Americas, WASHINGTON, D.C., Sun. Jan. 25, 2026: Following the dramatic seizure of Venezuelan President Nicolás Maduro on January 3, 2026, Trump’s comments about taking control of Venezuela’s oil industry quickly triggered accusations of “neo-imperialism”. Critics argued that pledges to share profits with Venezuela were little more than cover to protect the interests of America’s major oil companies. Yet despite the allure o…
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