The Trump administration is looking to use access to the world’s largest crude reserves to advance US interests.
Source: Bloomberg
Trump’s Team Orders Big Oil Into Venezuela: ‘Do It for Our Country’
Energy bosses see long haul ahead, but worry they’ll get railroaded into promising a quick fix
The US embassy in Caracas sprawls across a lush hilltop, visible across the city, and for years just about the only people who set foot in it were cleaners. Now it’s powering up again — envisaged as the hub of President Donald Trump’s hemispheric oil empire.
This week has seen a frantic push toward the goals the president outlined after the capture of Nicolás Maduro: Vassalize Venezuela, and convert the world’s biggest crude reserves into US might. The Trump administration confiscated two more tankers and announced it would take delivery of millions of barrels of Venezuelan oil. There were non-stop calls with the makeshift regime in Caracas, with Secretary of State Marco Rubio conducting his in Spanish.