Venezuela's oil may be abundant but its a fool's errand to harvest its thick tar like crude and Trump's big plans for it will result bankruptcy for those foolish to invest in it.

 

The U.S. Wants to Pump More Venezuelan Oil. Here’s What to Know.

The Trump administration’s deal with a private oil company to increase oil production in the South American country could take many years to come to fruition.

By Aruni Soni and Lazaro Gamio

Sept. 1, 2026