Can U.S. Oil Companies Really Take Over Venezuela's Industry? [View all]

The share prices of U.S. oil companies surged following the Trump administration's attack on Venezuela and abduction of its president, Nicolás Maduro. In public statements, Trump has been clear about his desire to reassert U.S. corporate control over Venezuela's nationalized oil industry. However, notes financial reporter David Uberti, it won't be so easy for Wall Street to make a profit. In addition to upgrading Venezuela's "decrepit" oil-producing infrastructure, oil companies must push for a greater share of the energy marketplace, just as oil’s popularity is on the decline.

Uberti also discusses his reporting on the Trump family's business empire, which has generated at least $4 billion since Donald Trump's return to the White House.