Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Can U.S. Oil Companies Really Take Over Venezuela's Industry?
Posted
January 6, 2026
Views
295,520
Likes
4,418
Comments
842
Engagement
1.78%
January 6, 2026
295,520
4,418
842
1.78%
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The share prices of U.S. oil companies surged following the Trump administration's attack on Venezuela and abduction of its president, Nicolás Maduro. In public statements, Trump has been clear about his desire to reassert U.S. corporate control over Venezuela's nationalized oil industry. However, notes financial reporter David Uberti, it won't be so easy for Wall Street to make a profit. In addition to upgrading Venezuela's "decrepit" oil-producing infrastructure, oil companies must push for a greater share of the energy marketplace, just as oil’s popularity is on the decline. Uberti also discusses his reporting on the Trump family's business empire, which has generated at least $4 billion since Donald Trump's return to the White House.
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