Why One Oil Company Has a Head Start in Venezuela

With President Nicolás Maduro deposed, President Donald Trump wants US oil giants to revive Venezuela's energy industry. Though it's unclear who, if anyone, will take part in his plan, Chevron is already there.

After the US attack on the South American country and its rendition of President Nicolás Maduro, Trump said he wants to rebuild the country's beleaguered infrastructure. While the oil majors mull his entreaties, Chevron may have a distinct advantage since it's been operating in Venezuela for decades.

00:00 Introduction 01:58 Venezuela's oil 02:41 Economic glory days 05:24 Hugo Chávez & socialism 07:17 Economic collapse 08:23 US sanctions 10:04 What's next

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