US seizes 2 oil tankers linked to Venezuela
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Secretary of State Marco Rubio touted the "tremendous leverage and control" the United States now exerts over Venezuela's oil industry and suggested Venezuela wants the oil captured in the Caribbean Wednesday by U.S. forces to be a part of its export deal with the administration.
Venezuela's interior minister Diosdado Cabello said late on Wednesday that 100 people died in the U.S. attack which removed President Nicolas Maduro from power on Saturday.
Venezuela has the largest oil reserves of any country on Earth. But the type of oil it has is difficult, and dirty, to process. Experts say ramping up production would be expensive, and dangerous for the climate and environment.
President Donald Trump’s boast that “MAGA loves what I’m doing” appears to hold true, but the suggestion of sending in ground troops threatens to revive an “America First” debate.
It’s not going to cost us anything," Rubio said of the Trump Administration's plans to transform Venezuela and sell its oil
16hon MSN
Trump announces Venezuela is turning over millions of barrels of oil to US government 'immediately'
President Donald Trump announced Venezuela will transfer 30 to 50 million barrels of oil to the U.S. after dictator Nicolás Maduro's capture, with proceeds to benefit both nations.
Since the dramatic capture of dictator Nicolas Maduro by U.S. forces, questions have swirled about who is running Venezuela and how.
Currently, Chevron is the only major U.S. firm still operating in Venezuela through joint ventures with state oil company PDVSA. Other U.S. companies like ExxonMobil and ConocoPhillips do not have ventures in Venezuela, as sanctions remain in place.