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"We'll be selling oil": Trump focuses on oil reserves after Venezuelan President's arrest

Author
Newstalk ZB,
Publish Date
Wed, 7 Jan 2026, 10:58am
Photo / Pete Marovich, AFP
Photo / Pete Marovich, AFP

"We'll be selling oil": Trump focuses on oil reserves after Venezuelan President's arrest

Author
Newstalk ZB,
Publish Date
Wed, 7 Jan 2026, 10:58am

US taxpayers could be on the hook to subsidise the rebuilding of Venezuela’s oil infrastructure.  

The US launched strikes over the weekend and took President Nicolas Maduro into custody, shipping him back to New York under duress and detaining him on drug-trafficking charges. 

It’s pressuring Venezuela to end drug smuggling and let in American oil companies. 

US President Donald Trump has floated the idea of the US subsidising energy companies for the rebuilding of the country's oil production and distribution infrastructure. 

US Correspondent Richard Arnold told Andrew Dickens Trump has been focused almost entirely on the oil, saying, among other things, that they’re going to get the oil “flowing the way it should be”.  

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