Trump has expressed excitement over the prospect of US oil companies getting their hands on Venezuela’s vast oil resources. We have no idea what the government there will look like,” one well-placed industry source told CNN on Monday. The official said correspondence with oil companies has already begun and will continue. ‘Venezuela is broke’Years of underinvestment, economic crisis and international exile have left Venezuela’s oil infrastructure in a state of disrepair. “The idea that there will be an overnight restart of the Venezuelan oil industry is just unrealistic.

Source: CNN January 06, 2026 10:42 UTC