The United States will retain control in the short term to ensure the oil revenue is used to stabilize Venezuela, Rubio said at a Senate Foreign Relations Committee hearing. “The funds from that will be deposited into an account that we will have oversight over,” Rubio said, adding that the U.S. Treasury would control the process. Democrats and some Republicans on the committee pressed Rubio for more details about Trump’s plans for Venezuela’s oil. Sen. Chris Murphy, D-Conn., asked for assurances from Rubio that the sale of Venezuelan oil will be fair and open, not rigged to benefit oil companies allied with Trump. “I think a lot of us believe that that is destined for failure.”Under Maduro, Rubio said Venezuela's oil industry benefited the country's corrupt leaders and countries such as China, which purchased Venezuelan oil at a discount.