US EditionTrump says US could reimburse oil companies for Venezuela expenses
Trump plans to reimburse U.S. oil companies for investments to revive Venezuela's oil production, aiming to lower U.S. energy prices within an estimated 18-month timeline.
- In a Monday NBC News interview, Trump said the U.S. could reimburse American oil companies and that Venezuelan oil could be revived in fewer than 18 months.
- After Maduro's capture on Jan. 3, the administration is dispatching Energy Secretary Chris Wright to meet oil executives later this week about Venezuela's oil industry.
- Chevron, the lone U.S. operator in Venezuela, faces White House focus as President Donald Trump said `The oil companies were absolutely aware that we were thinking about doing something`.
- Wall Street reacted cautiously as an early trading spike flattened, while Trump argued increased Venezuelan production would lower prices and benefit consumers with gas at $2.81.
- Longer term, experts warn rebuilding Venezuela's oil sector will cost tens to hundreds of billions and reshape geopolitics, disadvantaging China and Russia amid uncertain Venezuelan governance.
95 Articles
95 Articles
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