"President Donald Trump may have made a major miscalculation about Venezuela’s oil.
Trump has expressed excitement over the prospect of US oil companies getting their hands on Venezuela’s vast oil resources.
But industry sources tell CNN that American oil executives are unlikely to dive headfirst into Venezuela for multiple reasons: The situation on the ground remains very uncertain, Venezuela’s oil industry is in shambles and Caracas has a history of seizing US oil assets.
Perhaps the biggest problem is that oil prices are too low today to justify spending the gobs of money – possibly tens of billions of dollars – that would be required to revive Venezuela’s decaying oil industry.
“The appetite for jumping into Venezuela right now is pretty low. We have no idea what the government there will look like,” one well-placed industry source told CNN on Monday. “The president’s desire is different than the industry’s. And the White House would have known that if they had communicated with the industry prior to the operation on Saturday.”"
