{"id":2530557,"date":"2026-01-06T14:08:01","date_gmt":"2026-01-06T19:08:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-dangles-incentives-for-us-to-unleash-venezuelan-oil\/"},"modified":"2026-01-06T14:10:42","modified_gmt":"2026-01-06T19:10:42","slug":"trump-dangles-incentives-for-us-to-unleash-venezuelan-oil","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-dangles-incentives-for-us-to-unleash-venezuelan-oil\/","title":{"rendered":"Trump dangles incentives for US to unleash Venezuelan oil"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-dangles-incentives-for-us-to-unleash-venezuelan-oil%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2530557&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Donald Trump said he expects Venezuela&#8217;s oil industry to be &#8220;up and running&#8221; in under 18 months and urged U.S.oil companies to invest heavily in rebuilding it, promising they would be &#8220;reimbursed by us or through revenue.&#8221; The administration plans meetings between Energy Secretary Chris Wright and major oil executives to advance the idea, and analysts estimate that, with political stability and investment, Venezuelan output could rise by as much as about 500,000 barrels per day over two years-still only roughly half its ancient peak. The article notes U.S. forces recently deposed Nicol\u00e1s Maduro and that senior officials,including Ambassador Mike Waltz,back U.S.management of Venezuela&#8217;s energy sector to prevent control by &#8220;illegitimate&#8221; leaders or oligarchs.Pro-democracy leader Mar\u00eda Corina Machado endorsed efforts to open markets and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mcauliffe-fundraises-with-real-estate-exec-who-pushed-controversial-visa-program-to-attract-chinese-investment\/\" title=\"McAuliffe Fundraises With Real Estate Exec Who Pushed Controversial Visa Program To Attract Chinese ...\">attract foreign investment<\/a>, saying the goal is to make Venezuela an &#8220;energy hub&#8221; and bring citizens back. Decades of mismanagement and sanctions left the industry weakened-Venezuela produced about 1.1 million bpd in 2025 despite having the world&#8217;s largest reserves-and the country has suffered extreme poverty and an exodus of roughly 8 million people since 2014.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump dangles &lsquo;reimbursement&rsquo; incentive for US companies to unleash Venezuelan oil sector in under 18 months<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2464864\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a> pushed U.S. oil companies to swiftly revitalize <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/venezuela\/\">Venezuela<\/a>&rsquo;s energy infrastructure, suggesting Monday that reimbursements are in store for those who jump to rebuild the industry.<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/could-the-ukraine-war-have-ended-just-weeks-in\/\" title=\"Could the Ukraine War Have Ended Just Weeks In?\">president expressed hope<\/a> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/trump-says-us-not-war-venezuela-rcna252427\">during an<\/a> NBC News interview that Venezuelan oil operations would be &ldquo;up and running&rdquo; in fewer than 18 months. U.S. companies will need to pour &ldquo;a tremendous amount of money&rdquo; to carry out the task, but &ldquo;then they&rsquo;ll get reimbursed by us or through revenue,&rdquo; Trump said, promising that tapping into Venezuela&rsquo;s massive energy supply would &ldquo;keep the price of oil down.&rdquo;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/foreign-policy\/4406497\/trump-claim-us-running-venezuela-questions\/\">Maduro capture leaves many &#8216;next-day&#8217; questions unanswered by Trump administration<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/opinion\/beltway-confidential\/4406292\/why-maduro-capture-major-crisis-for-cuba\/\">Why Maduro&#8217;s capture is such a major crisis for Cuba<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/foreign-policy\/4407112\/mike-waltz-criticism-nicolas-maduro-capture-united-nations-emergency-meeting\/\">Waltz faces barrage of criticism over Maduro capture at emergency UN meeting<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Energy Secretary&nbsp;Chris Wright&nbsp;plans to talk this week with major oil industry executives about bringing Trump&rsquo;s plan to fruition, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-05\/us-to-meet-with-oil-executives-this-week-on-venezuela-revival?srnd=all\">according to <\/a><em>Bloomberg News <\/em>and other outlets. Oil analysts <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-sanctions-policy-determine-venezuelas-oil-production-outlook-goldman-says-2026-01-04\/\">have predicted <\/a>that crude output in Venezuela could increase up to half a million barrels per day in the next two years if Venezuela is politically stable and U.S. companies invest there.<\/p>\n<p>&ldquo;This would still only be about half the level seen in the heyday of oil production,&rdquo; Capital Economics told <em>Reuters<\/em>.<\/p>\n<p>U.S. forces <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/4400169\/what-to-know-about-the-u-s-strikes-on-venezuela-and-maduros-fall\/\">wrested power<\/a> from former Venezuelan dictator Nicolas Maduro over the weekend, citing concerns that he stole oil from the United States, among other accusations. U.S. Ambassador to the United Nations Mike Waltz and other leading officials <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/foreign-policy\/4407112\/mike-waltz-criticism-nicolas-maduro-capture-united-nations-emergency-meeting\/\">have backed <\/a>the administration&rsquo;s efforts <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/national-security\/4400669\/what-is-delta-force-military-unit-behind-the-venezuela-raid\/\">to &ldquo;run&rdquo; Venezuela<\/a>, arguing the &ldquo;illegitimate&rdquo; Maduro regime can not be trusted to manage a country that holds the largest reserves of oil in the world.<\/p>\n<p>&ldquo;We&rsquo;ll run it properly. We&rsquo;ll run it professionally. We&rsquo;ll have the greatest oil companies in the world going in and invest billions and billions of dollars and take out money, use that money in Venezuela,&rdquo; Trump said Saturday during a press conference at Mar-a-Lago, detailing the extraordinary U.S. military operation that captured Maduro and took him to stand trial on narco-terrorism charges in New York.<\/p>\n<p>&ldquo;We&rsquo;re going to be a team that&rsquo;s working with the people of Venezuela to make sure we have Venezuela right &hellip; [and] the biggest beneficiary is going to be the people of Venezuela, and also, I can&rsquo;t stress this strongly enough, the people that got thrown out of Venezuela that are now in the United States,&rdquo; the president added. &ldquo;Because for us to just leave &mdash; Who&rsquo;s going to take over? I mean, there is nobody to take over. &hellip; If we just left, it would have zero chance of ever coming back.&rdquo;<\/p>\n<p>Venezuela&rsquo;s energy sector has faced a steep decline in recent decades because the economy has contracted under socialist governments that have controlled Caracas since the late 1990s.<\/p>\n<p>The &ldquo;miracle country&rdquo; was known as one of the wealthiest in South America in the early and mid-1900s, due to its thriving oil industry. But it saw opportunity drift in the &rsquo;70s and &rsquo;<a href=\"https:\/\/amzn.to\/3YuVZYV\" >80s amid rising corruption<\/a> and mismanagement, leading to a poverty rate <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/revista.drclas.harvard.edu\/venezuela-in-the-1980s-the-1990s-and-beyond\/\">of 46%<\/a> and the election of Hugo Chavez in 1998.<\/p>\n<p>However, the socialist reforms Chavez enacted, which were expanded upon by Maduro after he assumed the presidency in 2013, failed to return Caracas to its pinnacle, with <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.wilsoncenter.org\/blog-post\/venezuela-more-mere-numbers\">some experts<\/a> stating the country&rsquo;s poverty rate reached as high as &ldquo;above 91%&rdquo; in 2024.<\/p>\n<p>As conditions have worsened, roughly 8 million Venezuelans have fled the country, many to the U.S., since 2014, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.unrefugees.org\/emergencies\/venezuela\/#:~:text=7.9%20million,in%20neighboring%20countries%20and%20beyond.\">according to<\/a> estimates from the U.N. The mass emigration, which marks the largest exodus in Latin America&rsquo;s recent history, comes as the Maduro regime has faced international condemnation for holding onto power by conducting sham elections.<\/p>\n<p>Global sanctions targeting Maduro&rsquo;s regime further crippled Venezuela&rsquo;s oil industry. Caracas produced around 1.1 million oil barrels per day in 2025. That number compares to the U.S.&rsquo;s 13.5 bpd the same year, even though Venezuela&rsquo;s oil reserves are nearly four times greater than those of the U.S.<\/p>\n<p>This week, Venezuelan opposition leader Maria Corina Machado <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/4407919\/machado-trump-flattery-overlooked-take-over-after-maduro-capture\/\">backed the Trump administration&rsquo;s efforts<\/a> to revitalize the country&rsquo;s oil economy. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/secy-pompeo-calls-for-release-of-chinese-citizen-journalist\/\" title=\"Secy. Pompeo calls for release of Chinese citizen journalist\">pro-democracy activist<\/a> has emerged in recent years as the primary challenger to Maduro&rsquo;s regime. <\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/4407515\/oil-industry-winners-maduro-capture\/\">OIL INDUSTRY WINNERS FROM MADURO CAPTURE<\/a><\/strong><\/p>\n<p>&ldquo;We will turn Venezuela into the energy hub of the Americas,&rdquo; she said during an appearance on Fox News&rsquo;s <em>Hannity<\/em>.&nbsp;&ldquo;We will bring rule of law. We will open markets. We will give security to foreign investment. Third, we&rsquo;ll bring millions of Venezuelans that have been forced to flee their country back home, to build a strong nation, prosperous nation, open society. We will [leave] behind all the destruction this socialist regime, criminal regime, has brought to our people and turn Venezuela into the main ally of the United States in Latin America.&rdquo;<\/p>\n<p>The same day, Waltz told international leaders assembled for an emergency U.N. Security Council meeting that Venezuela&rsquo;s massive energy reserves must not be under the control&nbsp;&ldquo;of illegitimate leaders&rdquo; and &ldquo;a handful of oligarchs.&rdquo;<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump offers reimbursements to revive Venezuela oil<\/p>\n","protected":false},"author":3142,"featured_media":2530558,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/01\/AP26003632360167.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[36468,7393,5036,3634,50813],"class_list":["post-2530557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-energy-policy","tag-oil","tag-sanctions","tag-trump","tag-venezuela-2"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/01\/AP26003632360167.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2530557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3142"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2530557"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2530557\/revisions"}],"predecessor-version":[{"id":2530561,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2530557\/revisions\/2530561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2530558"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2530557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2530557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2530557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}