Donald Trump The president hopes U.S. companies will play a significant role in developing Venezuela’s oil reserves, but analysts point out that boosting the country’s oil production will be a lengthy process.In a report, Melius Research analysts James West and Sanskriti Reddy stated: “Although some forecasts suggest daily output could increase by 500,000 to 1 million barrels over the next 12 months, we believe this will take more than two years, possibly even three, and the country may never return to its previous peak production levels.”” Nitin Kumar, an analyst at Mizuho Securities, noted that Chevron is currently the company best positioned to expand its operations in Venezuela, “but any new investment requires time, capital, and assurances of political stability.”