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PBS News Hour

What oil companies need before tapping Venezuela’s reserves

Season 2026 Episode 9 | 5m 38s

President Trump hosted a group of oil executives at the White House and outlined his plan for American companies to exploit Venezuelan resources. Venezuela sits on more oil than any nation on the planet, but produces just 1% of the global supply. Amna Nawaz discussed more with Bob McNally, the founder of Rapidan Energy Group and a former energy advisor to President George W. Bush.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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Clip: S2026 E192 | 5:27