Donald Trump's plan to revive Venezuela's struggling oil industry under US leadership is likely to cost more than $100 billion, and it will take a long time. Francisco Monaldi, director of Latin American energy policy at the Baker Institute for Public Policy at Rice University, said that in order to restore Venezuela's crude oil production to its peak level in the 1970s, some companies, possibly including Chevron, ExxonMobil, and ConocoPhillips, will need to invest about $10 billion a year over the next ten years. “If we want to recover faster, we will need even more investment,” Monaldi said.

Donald Trump's plan to revive Venezuela's struggling oil industry under US leadership is likely to cost more than $100 billion, and it will take a long time. Francisco Monaldi, director of Latin American energy policy at the Baker Institute for Public Policy at Rice University, said that in order to restore Venezuela's crude oil production to its peak level in the 1970s, some companies, possibly including Chevron, ExxonMobil, and ConocoPhillips, will need to invest about $10 billion a year over the next ten years. “If we want to recover faster, we will need even more investment,” Monaldi said.