Trump’s Venezuela Oil Revival Plan Is a $100 Billion Gamble

<p>Realizing President Donald Trump&rsquo;s plan for a US-led revival of Venezuela&rsquo;s beleaguered oil industry could be a years-long and challenging process costing upwards of $100 billion.</p> <p>Years of corruption, underinvestment, fires and thefts have left the nation&rsquo;s crude infrastructure in tatters. Rebuilding it enough to lift Venezuela&rsquo;s output back to its peak levels of the 1970s would require companies to invest about $10 billion per year over the next decade, according to Francisco Monaldi, director of Latin American energy policy at Rice University&rsquo;s Baker Institute for Public Policy. That&rsquo;s equivalent to more than a third of what Exxon Mobil Corp. &mdash; the largest US oil company &mdash; has budgeted this year for capital expenditures around the entire globe. Francisco discusses the many challenges ahead for both Venezuela and the US in the post-Maduro era with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>