The US's lust for Venezuela's oil is a tale of desperation, driven by the country's dwindling reserves and crippling economic collapse. As the world's sixth-largest producer of crude oil, Venezuela's industry has been all but extinguished, with only a handful of refineries still operational.
But it's not just about the economic necessity - it's also about geopolitics. The US sees an opportunity to fill the power vacuum left by Venezuela's collapse and reassert its influence in the region. With the help of international partners, Trump is pushing for a more aggressive approach to reclaiming America's share of the global oil market.
Critics argue that the US approach is misguided, prioritizing short-term gains over long-term stability. "The idea that the US can simply roll back into Venezuela and start pumping oil again is not based on reality," says economist Juan Pablo Cardenas. "Venezuela's problems run much deeper than just its oil industry."
But for Trump, the prospect of reclaiming America's energy dominance is too enticing to ignore. He sees an opportunity to boost US production and reduce dependence on foreign oil, a goal that has long been at the heart of his policy agenda.
Yet experts caution that the road ahead won't be easy. Venezuela's economy remains crippled by corruption, mismanagement, and lack of investment - all factors that have drained the country's once-lucrous oil reserves.
In the end, it's unclear whether Trump's plans will succeed in resurrecting America's oil fortunes or simply fuel a cycle of instability in Venezuela. One thing is certain: for the US, access to Venezuela's remaining oil has become an existential imperative - one that could shape the course of global politics for years to come.
But it's not just about the economic necessity - it's also about geopolitics. The US sees an opportunity to fill the power vacuum left by Venezuela's collapse and reassert its influence in the region. With the help of international partners, Trump is pushing for a more aggressive approach to reclaiming America's share of the global oil market.
Critics argue that the US approach is misguided, prioritizing short-term gains over long-term stability. "The idea that the US can simply roll back into Venezuela and start pumping oil again is not based on reality," says economist Juan Pablo Cardenas. "Venezuela's problems run much deeper than just its oil industry."
But for Trump, the prospect of reclaiming America's energy dominance is too enticing to ignore. He sees an opportunity to boost US production and reduce dependence on foreign oil, a goal that has long been at the heart of his policy agenda.
Yet experts caution that the road ahead won't be easy. Venezuela's economy remains crippled by corruption, mismanagement, and lack of investment - all factors that have drained the country's once-lucrous oil reserves.
In the end, it's unclear whether Trump's plans will succeed in resurrecting America's oil fortunes or simply fuel a cycle of instability in Venezuela. One thing is certain: for the US, access to Venezuela's remaining oil has become an existential imperative - one that could shape the course of global politics for years to come.