Venezuela’s oil industry is in shambles after decades of socialism — but Trump needs it to make the country great again

President Trump faces a mountain of hurdles to try and revitalize Venezuela's oil industry — which has been marred by decades of socialist mismanagement — as American fuel companies are still not sold on the promised access to the world's largest crude oil reserve.

  News   Jan 6, 2026   0   25  Add to Reading List
Venezuela’s oil industry is in shambles after decades of socialism — but Trump needs it to make the country great again
President Trump faces a mountain of hurdles to try and revitalize Venezuela's oil industry — which has been marred by decades of socialist mismanagement — as American fuel companies are still not sold on the promised access to the world's largest crude oil reserve.
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