Summary
President Trump met with oil company leaders to discuss a plan for U.S. companies to access Venezuela's large oil reserves. Despite having the most oil in the world, Venezuela only produces 1% of the global supply.
Key Facts
- President Trump held a meeting with oil executives at the White House.
- The focus was on how U.S. companies could access Venezuela's oil.
- Venezuela has the largest proven oil reserves in the world.
- Currently, Venezuela contributes only 1% to the world's oil production.
- Bob McNally, an energy expert, discussed the topic with Amna Nawaz.
- McNally was previously an energy advisor for President George W. Bush.
