"And that money will be controlled by me, as president of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!" But scratch just a little beneath the surface of all the bluster and it becomes apparent that Trump's play for Venezuela's oil riches may not be all it's cracked up to be. The country's corroding oil infrastructure is in disarray, it produces only around a third of what it once did, and its oil is largely unwanted because it is heavy, difficult to refine and loaded with sulphur, which is costly to extract.
Author: Ian Verrender
Published at: 2026-01-10 18:57:56
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