President Donald Trump announced during a meeting with executives of top oil companies that U.S. oil companies will invest $100 billion to rebuild Venezuela’s oil infrastructure.

Trump revealed details of the plan during his remarks at a roundtable with executives, Vice President JD Vance, Secretary of State Marco Rubio, Energy Secretary Chris Wright, and Interior Secretary Doug Burgum in the East Room.

“Our giant oil companies will be spending at least $100 billion of their money, not the government’s money,” he said.

“They don’t need government money, but they need government protection and need government security that when they spend all…

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