Expert questions U.S. economic gains from Venezuela oil takeover

Name: Expert questions U.S. economic gains from Venezuela oil takeover
Uploaded: 2026-01-03T22:57:00-0600
Duration: 1 min 46 s
Description: President Trump expanded on the arrest of Nicolás Maduro by announcing that the U.S. would assume control of Venezuela’s oil reserves and direct American oil companies to boost production. Energy economist Ed Hirs of the University of Houston cast doubt on the economic impact, saying the move would have “zero” net effect.

President Trump expanded on the arrest of Nicolás Maduro by announcing that the U.S. would assume control of Venezuela’s oil reserves and direct American oil companies to boost production. Energy economist Ed Hirs of the University of Houston cast doubt on the economic impact, saying the move would have “zero” net effect.