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Trump Announces That U.S. Companies Will Drill for Oil in Venezuela “Soon,” Promises Billion-Dollar Profits, and Claims That the Measure Could Lower Global Oil Prices. Understand the Impacts.
Oil has returned to the center of international debate. In another statement that shook the market, U.S. President Donald Trump stated that American oil companies will start “soon” drilling for oil in Venezuela.
The statement made on Thursday (22) reignites political tensions, raises legal questions, and puts the region’s energy future in the spotlight.
According to Trump, the operation will be extremely profitable. In addition, he assures that the initiative will have direct impacts on global oil prices. At the same time, companies in the sector are showing caution about the feasibility of a rapid return to the South American country.
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Trump Promises Profit, Global Impact, and a Drop in Oil Prices
During the statement, Trump got straight to the point. “We will start drilling very soon. We have the largest companies in the world. We have them. And they will come in,” he said.
He then emphasized that the project will have two immediate effects: financial returns and market influence. “This will have two effects: it will generate a lot of money for the United States and also for Venezuela, but it will also lower oil prices even further,” he declared.
The statement indicates that the U.S. government intends to turn the Venezuelan political crisis into an economic opportunity, using oil as a tool for influence and negotiation.
In addition to the drilling promise, Trump stated that the U.S. has removed 50 million barrels of oil from Venezuela and is already selling part of that volume on the open market. However, shipping data has yet to confirm the total export of that cargo.
“We took 50 million barrels of oil from Venezuela in the first four days. We still have millions of barrels of oil. We are selling it on the open market. We are lowering oil prices,” the president said.
Meanwhile, the market is reacting with caution. Analysts believe that if confirmed, this massive influx of oil could pressure prices and change the balance among major producers.
Venezuela Confirms Revenue and Tries to Reposition Itself
On the Venezuelan side, interim president Delcy Rodríguez stated that the country has already received US$ 300 million from oil sales. According to her, the amount represents the first installment of the agreement involving the 50 million barrels announced by Trump.
The operation occurs after Nicolás Maduro’s arrest at the beginning of the month, a fact that accelerated changes in the political command and opened up space for new international negotiations.
Rodríguez was also praised by Trump, who stated: “She has been doing a great job.”
At the same time, the American revealed that he spoke with opposition leader María Corina Machado, indicating that the U.S. is maintaining dialogue with different political forces in the country.
Despite the optimistic rhetoric, American oil companies are showing apprehension. Political instability, international sanctions, and deteriorated infrastructure raise doubts about a quick and safe return.
Moreover, legal issues involving contracts, assets, and exploration rights still need to be clarified. Therefore, experts warn that the plan may be more complicated than Trump’s confident tone suggests.
Do you think this U.S. offensive on Venezuelan oil will really lower fuel prices, or will the population not benefit at all?
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