Trump Sees US Oil Producers Spending Billions in Venezuela (1)

President Donald Trump said US oil companies will spend billions of dollars to rebuild Venezuela’s crumbling energy infrastructure after a military operation that led to the capture of Nicolas Maduro, the country’s former leader.

During a press conference Saturday at his Mar-a-Lago estate in Florida, Trump described an ambitious vision to use US financial resources and industry knowhow to restore the South American nation’s oil sector to its former glory.

US President Donald Trump speaks during a news conference at the Mar-a-Lago Club in Palm Beach, Florida on Jan. 3.

Photographer: Nicole Combeau/Bloomberg

“We’re going to have our very large United States oil companies — the biggest anywhere in the world — go in, spend billions of dollars, fix the badly broken ...