[monerozcash]

This is especially silly because the US is always going to control oil extraction in Venezuela because nobody else has the technical capabilities required to do so profitably at a large scale.

There's no need to really fight with the Venezuelan government over this, unless Venezuela decided that they'd rather leave the oil in the ground.

[popol12]

What about Chinese, Russian or European oil majors ?

[monerozcash]

The only comparable large-scale extraction projects in the world would be the oil sands in Canada.

This is a super small niche, with oil margins constantly getting squeezed around the world it'd probably be tricky to convince anyone to significantly scale up production in Venezuela even if the US lifted all sanctions and whatnot.