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Rubio details how the Trump administration will control Venezuela’s oil money
['Associated Press']
News – Santa Cruz Sentinel
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.
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.
The U.S. will give Venezuela’s current leaders instructions on how the money can and cannot be spent and conduct audits to ensure it is used as intended, Rubio said.