Trump overpromises on Venezuela — and U.S. companies will likely underdeliver
Oil pump jacks stand on Lake Maracaibo Lake in Cabimas, Venezuela, Wednesday, Jan. 7, 2026.
Fuel tanker trucks unload fuel at a gas station in Caracas, Venezuela, Wednesday, Jan. 7, 2026.
El buque petrolero Xanthos Eos navega en el lago Maracaibo, el 7 de enero de 2026, en Maracaibo, Venezuela.
Un mural con imágenes de infraestructura petrolera en Caracas, Venezuela, el 6 de enero del 2026.
In this Aug. 21, 2019 file photo, a Citgo refinery is seen in Corpus Christi, Texas. The Trump administration on Wednesday, Dec. 23, 2020, extended a measure blocking holders of crisis-torn Venezuela's debt from liquidating its U.S.-based Citgo refineries as payment.
The Citgo refinery in Lake Charles, La., Sept. 18, 2018. Citgo, a subsidiary of Venezuela’s national oil company, could be splintered into pieces if the South American country’s national oil company fails to make a $913 million bond payment due Oct. 28, 2019.
The CITGO Sign in Boston's Kenmore Square, one of the most iconic landmarks of the Boston skyline, is set to undergo major upgrades. The 45-year-old, 3,600-square-foot sign will have its LED lights replaced with more technologically advanced and environmentally friendly versions. Scheduled to begin at the end of July, the upgrades will require that the sign go dark while the work is done; however, when the sign is relit the famous beacon will look better than ever.
President Donald Trump has a habit of overpromising and underdelivering, and he’s doing it again with Venezuela.
After Venezuelan President Nicolás Maduro’s capture, Trump declared he was running the country and controlling its oil reserves, the world’s largest. On Wednesday, the White House announced it will market all Venezuelan oil exports going forward.
The United States may have Maduro in custody, but his socialist Bolivarian revolutionary party still controls the........
