The United States produces more oil than any other country. So why does President Donald Trump want more – and how does Venezuela fit into this?
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Here, we take a deep dive into the world of oil and explain how it has shaped the US and the global order.
00:00 The US is the world’s biggest oil producer – why does it want more?
00:34 Not all oil is the same
01:52 The key to understanding the US oil industry
02:36 America’s shale oil boom and the economics of oil
03:28 The relationship between the US and Venezuela
04:04 The turning point: Hugo Chavez and Nicolás Maduro
04:38 Why Trump says Venezuela has stolen their oil
05:15 Nicolas Maduro and his wife are seized and taken to the US
05:46 What role do Russia, Iran and China play?
06:34 What happens to Venezuela’s oil now?
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