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Venezuela didn't steal U.S. oil. Here's what happened | The Indicator
Posted
February 6, 2026
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10:19Now PlayingPresident 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?
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Venezuela’s economic descent (Update) ()
Venezuela’s recent economic history (Update) ()
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