"The strikes ordered by U.S. President Donald Trump on Caracas and the capture of Nicolas Maduro have marked a turning point in Venezuela's contemporary history, which has been defined by its oil wealth and relationship sometimes symbiotic, often strained with the United States. With Venezuela's oil reserves taking center stage, Trump has promised to revive the country's ailing hydrocarbon industry. He plans to leverage massive U.S. investments, opening a new front in the political battle in Venezuela, which has now entered an unprecedented phase."
"True to his transactional style, Trump has said that the costs of the military operation against Maduro and his wife, Cilia Flores, will be covered by the proceeds from the South American country's vast oil reserves, which account for 17% of the world's total, according to data from the Organization of the Petroleum Exporting Countries (OPEC). Trump said that Washington will control Venezuela until there is an orderly transition, while outlining plans for the country's economic recovery using Venezuelan raw materials."
U.S. strikes on Caracas and the capture of Nicolas Maduro have shifted Venezuela into a new political phase centered on its vast oil reserves. President Trump pledged to revive the ailing hydrocarbon industry by leveraging massive U.S. investment and opening access to major international firms. He stated that proceeds from Venezuela's oil—about 17% of global reserves—would cover the costs of the military operation and fund recovery, with Washington controlling the country until an orderly transition. Economists note oil remains the dominant variable shaping Venezuela's cycles, and reactivation of production would depend on foreign capital and companies like Chevron, Repsol and Shell.
Read at english.elpais.com
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