Trump has openly acknowledged that Venezuela’s oil was a key priority behind the US military strike on Caracas and the abduction of President Nicolás Maduro and his wife on January 3.
During a meeting with oil company executives at the White House on Friday, Trump said the United States stands to benefit from lower energy prices.
The president insisted that the investment would come from private oil companies rather than the federal government.
“The plan is for them to spend — meaning our giant oil companies will be spending at least $100 billion of their money, not the government’s money,” he said.
“We’re going to be making the decision as to which oil companies are going to go in,” Trump added.
Earlier in the week, he had suggested that US taxpayers might ultimately fund investments in Venezuela’s oil sector.
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