"It doesn't have a short-term impact."
"I think longer term though,"
"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."
"This has never been about stopping drugs from coming to the US - it's about grabbing Venezuela's oil for his billionaire buddies."
"Trump has put American troops in harm's way to boost oil company profits. Outrageous."
The immediate effect on U.S. gasoline prices is uncertain and likely minimal in the short term. A sustained revival of Venezuelan oil production would add global supply and could lower price volatility and energy costs over time. Nicolás Maduro and his wife were captured, flown to the United States, arraigned, and pleaded not guilty to narco-terrorism and cocaine importation conspiracy charges. Removal of Maduro could allow U.S. oil companies to re-enter Venezuela and invest billions to repair damaged oil infrastructure. Some critics characterized the operation as motivated by access to Venezuelan oil and warned of risks to U.S. personnel. Venezuela holds more proven crude oil reserves than any other country, according to OPEC.
Read at The Mercury News
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