""While many are reporting Venezuela's oil infrastructure was unharmed by U.S. military actions, it has been decaying for many many years and will take time to rebuild," said Patrick De Haan, who is the lead petroleum analyst at gasoline price tracker GasBuddy."
"American oil companies will want a stable regime in the country before they are willing to invest heavily, and the political picture remained uncertain Saturday with Trump saying that the United States is in charge - while the current Venezuelan vice president argued, before Venezuela's high court ordered her to assume the role of interim president, that Maduro should be restored to power."
""But if it seems like the U.S. is successful in running the country for the next 24 hours, I would say there would be a lot of optimism that U.S. energy companies could come in and revitalize the Venezuelan oil industry fairly quickly," said Phil Flynn, a senior market analyst at the Price Futures Group."
President Donald Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing President Nicolás Maduro in a raid is unlikely to have a significant immediate impact on oil prices. Venezuela's oil industry has deteriorated due to years of neglect and international sanctions, requiring years and major investments to restore production. Current output near 1.1 million barrels per day could potentially double or triple, according to some analysts. American companies will seek a stable regime before investing. Short-term market effects were muted because oil trading was closed over the weekend and OPEC already accounts for Venezuelan output.
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