Trump Meets Energy Execs, Outlines Venezuela Plan | Balance of Power: Late Edition 01/09/2026

The Trump administration has outlined a plan to work with major oil companies in Venezuela. US Energy Secretary Chris Wright discussed the administration's approach, which appears to involve collaborating with top energy firms to boost oil production in the country. Rebecca Bill Chavez, the President and CEO of the Inter-American Dialogue, analyzed the potential geopolitical factors that may have influenced the administration's recent moves in Venezuela. She suggested that competition with other global powers could be a consideration behind the administration's strategy. The news report provides an overview of the Trump administration's energy-focused initiatives in Venezuela, as well as expert commentary on the potential geopolitical implications of these actions. The article highlights the administration's efforts to work with private sector energy companies to address the situation in Venezuela.