President Donald Trump on Saturday said the US would take control of Venezuela’s massive oil reserves and recruit American companies to invest billions of dollars to refurbish the country’s gutted oil industry. Venezuela is sitting on a massive 303 billion barrels worth of crude — about a fifth of the world’s global reserves, according to the US Energy Information Administration (EIA). That trove of crude will play a central role in the country’s future. Oil futures don’t trade on the weekend, so the near-term impact on the price of oil is a bit of a guessing game, but Trump said the US would operate the Venezuelan ... (full story)