Trump considers control over Venezuela's PDVSA and lower oil prices to $50 a barrel, WSJ reports

Core Viewpoint - The U.S. administration is planning an initiative to dominate the Venezuelan oil industry, which is expected to have long-term implications for oil supply and pricing in the global market [1] Group 1: Initiative Details - The initiative aims to exert control over Venezuela's oil resources, which could potentially lead to lower oil prices in the U.S. [1] - President Trump believes that this strategy will not only benefit the U.S. economy but also impact global oil markets positively [1] Group 2: Strategic Implications - The focus on Venezuelan oil indicates a shift in U.S. foreign policy towards energy independence and market influence [1] - This move could alter the competitive landscape of the oil industry, affecting both domestic and international players [1]