Ayanle mohamed 
Trump Administration to Control Venezuelan Oil “Indefinitely” After Maduro’s Ouster
CARACAS, Venezuela — The economic future of Venezuela has entered a period of deep uncertainty following the recent abduction of President Nicolas Maduro by United States forces.
As the country grapples with the fallout, the Trump administration has made a bold declaration:
Washington intends to oversee and control Venezuela’s oil sales for an indefinite period.
Direct US Control over Oil Revenues
On Wednesday,
US officials confirmed plans to dictate the decisions of Venezuela’s interim leadership, specifically regarding the nation’s vast energy reserves—the largest in the world.
US Energy Secretary Chris Wright announced that Washington has already begun marketing sanctioned oil that was previously held in storage due to the long-standing US embargo.
According to the plan, proceeds from these sales will be deposited into US Treasury accounts. While the US claims the money will eventually be shared with Caracas,
the specific percentage that Venezuela will receive remains undisclosed.
A $2 Billion Oil Deal
This development follows an agreement where Venezuela is expected to export up to $2 billion worth of crude oil to the United States.
As part of the arrangement,
the interim government in Caracas will “turn over” between 30 and 50 million barrels of sanctioned oil to US authorities.
Investment Hopes vs.
Harsh Realities
President Donald Trump has suggested that American oil companies are ready to invest billions into Venezuela’s decaying energy infrastructure.
However, analysts remain skeptical. Current oil production in Venezuela is near 1 million barrels per day (bpd),
a staggering drop from its 1990s peak of 3.5 million bpd.
Experts warn that the idea of US companies rushing into Venezuela might be a “myth” until political stability is guaranteed.
Infrastructure repairs alone are expected to take years and require massive capital.
Social Impact and Local Hardship
The immediate concern for Venezuelans is the threat to social welfare.
Approximately 78 percent of the national budget is historically allocated to social spending.
With the US government freezing revenues, there are fears that the lack of funds will lead to a collapse in public services and trigger widespread social unrest.
Reports from Caracas already indicate a sharp increase in the price of daily essentials like food and medicine.
As of now, the legitimacy of the interim government remains under question, leaving many to wonder how the country will navigate this era of foreign-controlled energy sales.
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