Venezuela didn't steal U.S. oil. Here's what happened | The Indicator
February 6, 2026
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10:19Now PlayingVenezuela didn't steal U.S. oil. Here's what happened | The Indicator
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as posted by the channelPresident Trump claims Venezuela stole American oil. Is that true? We trace Venezuela's oil industry from its 1920s birth through nationalization and then collapse. Today on the show, how did the Venezuelan oil industry get to a point where it’s barely pulling from its reserves? And will anything change now?
Related episodes:
Venezuela’s economic descent (Update) ()
Venezuela’s recent economic history (Update) ()
Why oil in Guyana could be a curse ()
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