Archive · 8 Jan 2026
Trump plans long-term control of Venezuelan oil
President Trump and his team are making a big plan to control Venezuelan oil for a long time.
Right now, oil prices are not very high, around $56 per barrel.
Many U.S. oil companies think that if the price goes below $50, it won't be profitable to drill for more oil.
If the prices stay low, it could hurt the U.S. shale industry, which has been supporting the president.
The president wants to increase oil production in the U.S., but low prices might make it hard for companies to do that.
Trump team is planning to control Venezuelan oil for years.
Current U.S. oil benchmark price is around $56 per barrel.
Many U.S. oil companies consider $50 per barrel the profitability threshold.
Low oil prices could harm the U.S. shale industry, a key Trump supporter.
Trump aims to increase U.S. oil production but faces challenges due to low prices.
- Who
- U.S. President Donald Trump and his team
- What
- Developing a plan to control Venezuelan oil for years
- When
- Ongoing, with current oil prices around $56 per barrel
- Where
- United States, focusing on Venezuelan oil
- Why
- To achieve political goals and increase U.S. oil production
- Oil Price
- $56 per barrel (U.S. benchmark)
- Profit Threshold
- $50 per barrel for U.S. producers
- Potential Impact
- Risk to U.S. shale industry if prices stay low
- Political Goal
- Increase U.S. oil production
- Industry Concern
- Low prices may make drilling unprofitable