Venezuela has 6x times more oil reserves than U.S…. Marco Rubio — ‘I think the Cuban government is in a lot of trouble.’

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Venezuela has 300 billion barrels of oil, the largest in the World, worth $17 trillion. Trump says the U.S. now controls it. This oil is worth more than the GDP of every country in the World except the U.S. and China.
byu/TonyLiberty inFluentInFinance

BREAKING: Trump says the United States will now use Venezuela's Oil reserves to sell “large amounts of Oil to other countries” after capturing Nicolás Maduro.
byu/TonyLiberty inFluentInFinance

President Donald Trump on Saturday said the US would take control of Venezuela’s massive oil reserves and recruit American companies to invest billions of dollars to refurbish the country’s gutted oil industry.

Venezuela is sitting on a massive 303 billion barrels worth of crude — about a fifth of the world’s global reserves, according to the US Energy Information Administration (EIA). That trove of crude will play a central role in the country’s future.

Oil futures don’t trade on the weekend, so the near-term impact on the price of oil is a bit of a guessing game, but Trump said the US would operate the Venezuelan government for the time being.

https://www.cnn.com/2026/01/03/business/oil-gas-venezuela-maduro



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