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Ted Cruz: “The oil that will be produced would generate more revenue…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Venezuela Victory Part 2–Historically Transforming Latin America & What Happens Next

Published | Video Starts at 39:21

The corruption of the communism, they're not producing what they could. And to be able to produce will take an investment of likely hundreds of billions of dollars. It's not a cheap proposition. Now, The oil that will be produced would generate more revenue than that. But I'll tell you, I actually spent a good chunk of the day talking to people in the energy industry and asking their views on Venezuela. (39:21–39:26)

CLAIM

Asserts that the revenue from oil production in Venezuela would exceed the investment costs.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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