The U.S. Took Over Venezuela’s Oil Industry. Where Has All the Money Gone?

(Roxanna Vigil – Council on Foreign Relations) In the first four months of the United States exerting control over Venezuela’s oil exports, almost one hundred million barrels of oil worth an estimated $8 billion have flowed through a process marked by no transparency and minimal oversight. While the Trump administration has repeatedly framed this control as benefiting both countries, it has not publicly disclosed how much Venezuelan oil it has sold, how much revenue it has collected, or how it has used those funds since seizing control of the country’s oil exports following the January 3 military intervention that deposed Venezuelan leader Nicolás Maduro. – The U.S. Took Over Venezuela’s Oil Industry. Where Has All the Money Gone? | Council on Foreign Relations