Venezuela has big oil, Trump has big plans, but is it that simple? | Slippery hitches in US ambitions, explained

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But how much is the oil, how much money is at stake, and who gets to keep it now, and later? These are questions centred on the vast oil wealth at stake, emerging after US President Donald Trump made clear America’s crude-related intentions. Just after the bold “large-scale strike” that extracted Maduro as well as his wife and fellow leader Cilia Flores from Caracas, Trump stated that the United States is prepared to “run” Venezuela until a power transition can take place. He specifically mentioned that major American corporations will soon begin extracting crude oil from the nation. This ignited…

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