"I think longer term though, a revival of Venezuela's oil production may lead to additional world supply and probably would result in lower volatility and energy prices."
"We're going to have our very large United States oil companies the biggest anywhere in the world go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country, Trump told reporters."
"This has never been about stopping drugs from coming to the US it's about grabbing Venezuela's oil for his billionaire buddies, Van Hollen said on X. Trump has put American troops in harm's way to boost oil company profits. Outrageous."
Nicolas Maduro and his wife were captured in a joint military raid, taken into custody and flown to the U.S. to face narco-terrorism and cocaine importation conspiracy charges. The couple pleaded not guilty at arraignment in a Manhattan federal courthouse. Fuel analysts say the event does not affect U.S. gasoline prices in the short term. A sustained revival of Venezuelan oil production could add global supply and reduce price volatility. The U.S. administration says removal of Maduro could allow American oil companies to re-enter Venezuela and repair broken oil infrastructure, while critics portray such moves as motivated by oil interests.
Read at www.sandiegouniontribune.com
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