Source: Fox News
Summary
President Donald Trump has expressed interest in making Venezuela the 51st state, citing the country’s estimated $40 trillion in oil reserves. Trump has been courting oil companies to invest in Venezuela since the US intervention that removed President Nicolas Maduro from power. The Trump administration has been managing Venezuela’s oil sector, and exports have reached their highest level since 2018. Trump’s plan for statehood would require congressional approval and consent from Venezuela, which Vice President Delcy Rodriguez has said will never happen.
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As expected, the matter has reached another stage.
Trump’s interest in Venezuela’s oil is well-known, and he has argued that securing the country’s oil supplies would help stabilize the economy. The Trump administration has been holding meetings with top oil executives to urge them to invest in Venezuela. Meanwhile, Trump has suggested that Venezuela could become a state, despite Rodriguez’s assertion that this will never happen. The sequence of events feels like a familiar dance, with Trump making bold statements and Venezuela pushing back. And yet, the oil keeps flowing.
Author: Evan Null
