Summary
The U.S. has shown interest in Venezuela's large oil reserves. Venezuela's interim president enacted a law to reduce state control over the oil industry and invite private companies, including U.S. firms, to invest.
Key Facts
- President Trump expressed interest in Venezuela's oil reserves.
- Venezuela announced changes to its oil sector policies.
- The new law reduces state control over the oil industry.
- Private companies can now invest in Venezuela's oil sector.
- This change may allow U.S. oil companies to return to Venezuela.
- There is debate about whether the changes benefit Venezuela, the U.S., or both.
