Donald Trump has stated that the US will oversee Venezuela until a transition occurs, utilizing the country’s vast oil reserves for profit. American oil firms are expected to invest billions in repairing Venezuela’s infrastructure, with Trump claiming the occupation will be self-sustaining. Despite an ongoing US oil embargo on Venezuela, Trump aims to restore oil production, although analysts caution this process may take years and require substantial investment. The US’s interest in Venezuela’s heavy crude oil stems from its reliance on imports to feed its refineries, as Venezuela holds significant reserves but struggles with production due to corruption and lack of investment.
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