Venezuela Crisis LIVE: Why U.S. Oil Giants Aren’t Rushing Into Venezuela | Vantage with Palki Sharma
President Trump says the U.S. strike on Venezuela was about reclaiming “stolen” oil and rebuilding its energy sector with American companies. But major oil firms are hesitant. Venezuela holds the world’s biggest oil reserves, yet its production is low, infrastructure is decayed, and political instability makes investment risky. Recovering output to past highs could cost over $180 billion — at a time when crude prices are weak and returns uncertain. With past losses still fresh companies like Chevron, ExxonMobil and ConocoPhillips seem to be wary.---
Donald Trump | Venezuela | US Venezuela Clash | Firstpost | World News | News Live | Vantage | Palki Sharma | News
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