TIME | The US Oil Industry Is Pushing Back on Sanctions Against Venezuela TIME For all of Maduro's anti-capitalist rhetoric, Venezuela, which sits atop the world's largest oil reserves, remains highly dependent on oil exports to the U.S., especially for importing food and medicine — items in short supply as crude prices have ... No-Name US Oil Driller Gets Shot at World's Top Reserves Washington imposes sanctions on eight Venezuelan officials, continues to spare oil industry |