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Trump's Venezuela Oil Plan Faces $100B Cost, Decade Timeline
Following Maduro's capture, the U.S. plans to invest billions to restore Venezuela's oil infrastructure, aiming to revive production from the world's largest crude reserves.
- Donald Trump announced that the U.S. will "run" Venezuela until a transition to a democratically elected government occurs after the capture of Nicolás Maduro and his wife.
- Trump stated that "very large" American oil firms will invest billions to repair Venezuela's "badly broken infrastructure."
- Analysts believe the repair of critical infrastructure in Venezuela could take years for oil to be produced and exported successfully.
- Trump's plan aims to strengthen U.S. energy dominance while leveraging Venezuelan oil reserves.
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Venezuela is sitting on one-fifth of the global oil reserves – and America's president is convinced that some of them belong to the US. After Maduro's fall, are US companies now taking command in the depraved oil industry?
·Vienna, Austria
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Trump wants U.S. oil companies in Venezuela. Here’s what to know
Hours after the U.S. military captured Venezuelan president Nicolás Maduro, President Trump made it clear that the U.S. operation is about — at least in part — control of Venezuela’s oil.“We’re going to have our very large U.S. oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country,” Trump said during a press conferenc…
·Portland, United States
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Coverage Details
Total News Sources438
Leaning Left68Leaning Right60Center112Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 28%
C 47%
R 25%
Factuality
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