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Trump claims Venezuela is set for an oil boom after US attack – history points to a bumpy road ahead

07.01.2026 14:00 | The Guardian World

From Venezuela to Libya to Iraq, removal of dictators has not always guaranteed a surge in oil production, data showsHours after Nicolás Maduro was captured by US special forces in Venezuela and indicted on drugs, weapons and “narco-terrorism” charges, Donald Trump spoke extensively about his plans for something else entirely: oil.Venezuela’s oil reserves – reputedly the world’s largest – are set to be pumped by a parade of powerful US oil companies, according to the US president, most of whom have not operated in the country in decades. Continue reading...

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