Transcript
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Live from NPR News in Washington, I'm Korva Coleman. President Trump is urging major oil companies to make large investments in Venezuela following the ouster of the country's president, Nicolas Maduro, by the US military. NPR's Camilla Dominosky reports it would cost billions of dollars to boost oil production in Venezuela.
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Getting Venezuela's oil out of the ground is not simple. Kevin Book is with Clearview Energy Partners.
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It's not just a geologic problem or an engineering problem, but a math problem.
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Would companies make back the money they put in? Is the country stable enough to invest? And thanks to an oversupply of oil, global crude prices are comparatively low right now. So these investments might not be profitable at all without subsidies. On the other hand, there is a lot of oil in Venezuela, making it a good opportunity for future growth. And the kind of crude that is abundant there, heavy crude would be welcomed by the US Refineries that have specialized equipment perfect for handling it. Camila Domonosky, NPR News.
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Trump administration officials are supposed to brief the full House and the Senate this morning on the US Military raid in Venezuela. Most Republican lawmakers have supported Trump's action, saying it was legal and justified. Trump spoke to House Republicans yesterday morning. He did touch on Venezuela, but NPR's Domenico Montanaro says the meeting was supposed to be about strategy for the upcoming midterm elections.
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Right at the beginning of his speech yesterday, Trump acknowledged the vulnerable position that he and his party are in simply because of history. But they say that when you win the presidency, you lose the midterm. And it's true that midterms are hard on a president's party. On average, they lose more than two dozen seats, and it's worse when a president's approval rating is below 50%.
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NPR's Domenico Montanaro reporting. NPR polling suggests that many Americans are saying the Trump administration is not solving problems at the cost of living in the US Authorities still have no motive for last month's campus shooting at Brown University in Providence, Rhode Island. Nor is there one for the subsequent killing of an MIT professor near Boston. But the suspect made recordings after the shootings, and prosecutors say they shed some light on his state of mind. From Ocean State Media, David Wright reports.
