Trump's Venezuela move could revive debate over the petrodollar

U.S. forces are reported to have captured and arrested Venezuelan President Nicolás Maduro, and the article links that action to U.S. interest in Venezuela's very large oil reserves and concerns about the petrodollar's waning global role.

U.S. forces are reported to have captured and arrested Venezuelan President Nicolás Maduro, according to the article. The piece says there were likely many motives for the action and highlights one less-discussed factor: U.S. concerns about the declining prominence of the "petrodollar." Venezuela currently produces about 1 million barrels per day but is reported to hold roughly 300 billion barrels of proven reserves, the largest known. The article reports that the White House has signaled plans to involve U.S. energy companies in revitalizing Venezuela's oil sector. Key reported facts: - Maduro was reportedly captured and arrested, as described in the article. - Venezuela's current output is said to be about 1 million barrels per day, with reported proven reserves near 300 billion barrels. - The article links U.S. interest in Venezuela's oil to efforts to bolster the dollar's role in global oil trade and notes related U.S. policy moves such as promoting dollar-pegged stablecoins and warning against alternatives. Summary: The article reports that some U.S. policymakers view gaining influence over Venezuela's oil as part of a broader effort to counter a long-term decline in the petrodollar's global role and to keep future production aligned with U.S. financial influence. Undetermined at this time.