Trump Sees Opportunity for US Companies to Revive Venezuela's Struggling Oil Industry
US President Donald Trump believes US companies can revive Venezuela's beleaguered oil industry, but even potential success would be a small part of broader economic reforms needed for the country.
Venezuela's economy is expected to remain in disarray under its next leader due to deep-seated structural issues and lack of economic diversification, despite potential improvements to the oil industry. US President Donald Trump believes his companies can revive the country's struggling energy sector, which could have benefits for both Venezuela and the US. However, these changes would only be a fraction of the reforms needed to stabilize the economy. The scale of the challenges facing Venezuela's next leader is daunting, with many experts warning that the country may never achieve economic stability.
