new video loaded: Why Trump Is Fixated on Venezuelan Oil
Venezuela has roughly 17 percent of the world’s known oil reserves, but it produces only about 1 percent of the crude oil the world is using. Our energy reporter Rebecca F. Elliott explains.
By Rebecca F. Elliott, Melanie Bencosme, Nikolay Nikolov, Sutton Raphael, James Surdam and Lazaro Gamio
January 7, 2026