Why big oil giants may not rush to buy into Donald Trump’s Venezuelan vision | Business

Donald Trump has expressed interest in appropriating Venezuela’s oil reserves, believing it would benefit the US economy. However, experts argue that Venezuela's oil production is low and uneconomical to extract due to its dilapidated infrastructure and current economic instability. The global oil market is currently experiencing low prices, making Venezuelan oil less attractive for investment. Additionally, the US has a history of intervening in other countries’ affairs to secure access to oil, but recent precedents suggest that this strategy may not be successful in Venezuela.