"President Trump said on Wednesday evening that he expected the United States would be running Venezuela and extracting oil from its huge reserves for years, and insisted that the interim government of the country - all former loyalists to the now-imprisoned Nicolás Maduro - is "giving us everything that we feel is necessary." "Only time will tell," he said, when asked how long the administration will demand direct oversight of the South American nation."
"During the wide-ranging interview with The New York Times, Mr. Trump did not give a precise time range for how long the United States would remain Venezuela's political overlord. Would it be three months? Six months? A year? Longer? "I would say much longer," the president replied. "We will rebuild it in a very profitable way," Mr. Trump said during a nearly two-hour interview. "We're going to be using oil, and we're going to be taking oil."
The United States expects to run Venezuela and extract oil from its huge reserves for years. The interim Venezuelan government comprises former loyalists to Nicolás Maduro and is providing necessary cooperation. U.S. plans include rebuilding Venezuela profitably, using and extracting oil, lowering oil prices, and channeling funds to Venezuela. The duration of U.S. direct oversight remains unspecified but is expected to last much longer than a few months. A U.S. naval armada off the coast maintains the threat of military action. The plan aims to make investments in Venezuelan oil commercially attractive over an extended period.
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