Summary
President Donald Trump has a plan for U.S. firms to invest $100 billion in Venezuela's oil industry to help rebuild it. The area around Lake Maracaibo, once a prosperous oil region, is now struggling with abandoned homes and broken infrastructure. Residents hope that U.S. investment will revive their communities.
Key Facts
- President Trump plans to encourage U.S. companies to invest $100 billion in Venezuela's oil sector.
- Venezuela has the largest proven oil reserves in the world, about 303 billion barrels.
- Lake Maracaibo was once a key area for Venezuela's oil production but now shows signs of decline.
- Many homes and facilities that flourished during the oil boom are abandoned and in disrepair.
- Residents remember better times when oil wealth led to well-maintained communities.
- The region suffers from frequent power outages and inconsistent waste collection.
- Some locals depend on money sent by relatives working abroad to meet basic needs.
- The initiative aims to transform the area's economy and living conditions through investment.
