Politics1/8/2026•Bloomberg

Trump’s Team Orders Big Oil Into Venezuela: ‘Do It for Our Country’

Trump’s Team Orders Big Oil Into Venezuela: ‘Do It for Our Country’

The Trump administration has called on major oil companies to increase their involvement in Venezuela's oil industry, urging them to "do it for our country." This directive comes as the US government seeks to further undermine the regime of President Nicolás Maduro and bolster the opposition led by Juan Guaidó. Energy executives, however, are wary of making hasty commitments, acknowledging that any substantial progress in Venezuela's oil sector would require a long-term investment and significant risks. They fear being pressured into making unrealistic promises of a swift turnaround, which could jeopardize their operations and investments. The article highlights the tension between the Trump administration's political objectives and the business realities faced by the oil companies. While the government is pushing for a more aggressive approach, the industry leaders are cautious, mindful of the complex and volatile situation in Venezuela and the potential pitfalls of rapid intervention.

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