Venezuela's oil industry needs rebuilding. These U.S. companies will do it.
The U.S. aims to rebuild Venezuela's oil industry, with companies like Halliburton and Exxon Mobil expected to play key roles. This move could lower oil prices, benefiting the U.S. economy while pressuring Russia. President Trump highlighted the return of nationalized assets and the strategic importance of Venezuelan oil, which may be sold in U.S. dollars or other currencies. The U.S. could become a global oil superpower, impacting trade routes and regional economies. However, risks include potential Chinese responses and geopolitical tensions.
Dow Jones·