US President Donald Trump has big plans for Venezuela’s oil after overseeing the removal of Nicolás Maduro last month. He wants US oil companies to invest at least $100 billion to revive Venezuela’s battered oil sector. "We're going to be extracting numbers in terms of oil like few people have seen," Trump said after meeting with energy leaders. Venezuela has the world’s largest official oil reserves at 300 billion barrels, but production has plunged. Experts say Venezuela's state oil company, PDVSA, is in poor shape due to years of neglect and poor investment. William Jackson from Capital Economics explains that Venezuela produced 1.5 million barrels a day more years ago. Monica de Bolle from the Peterson Institute says PDVSA would need rebuilding from scratch, but it is a nationalist symbol unlikely to be scrapped. Venezuela’s oil is heavy and sour, making extraction costly. Plus, skilled workers have fled amid the country’s economic crisis. US oil firms worry about risks since their assets were seized in 2007 with no compensation. Despite Trump’s push, US Energy Secretary Chris Wright said there are no plans to guarantee security for investors. ExxonMobil called Venezuela “uninvestable.” Experts warn that without economic incentives, firms will stay away. The Trump administration’s tough stance offers “all stick, no carrot,” says de Bolle. Still, if restored, Venezuela’s oil could boost supply and lower prices. But the scale and timing remain uncertain amid political and economic risks.