Trump promotes Venezuelan oil, but these major obstacles could keep US companies at bay | Revealed

As President Donald Trump eyes Venezuela’s massive oil reserves, global energy giants remain deeply wary of returning to a country scarred by sanctions, political chaos, and past asset seizures. Despite Washington’s push and high-level talks with U.S. oil executives, analysts warn that legal uncertainty, political instability, harsh oil laws, unresolved compensation claims, and Venezuela’s heavy sour crude pose towering obstacles. From PDVSA’s military control to lingering scars of Hugo Chávez-era nationalizations, this breakdown explains why Big Oil is still reluctant to bet billions on Venezuela’s risky oil revival.