All current signs suggest that President Donald Trump intends to seize Venezuela’s oil stores and sell them for profit.
One sign is the president’s own words.
“I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America,” he wrote on Truth Social this Tuesday.
“This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!” he added.
Another sign is the words of MS-NOW host Joe Scarborough, who on Tuesday revealed that he’d had a recent conversation with the president about his plans for Venezuela.
According to Scarborough, he asked the president how he intends to differentiate his intervention in Venezuela from the disastrous Iraq War.
“Mr. President, when you say, ‘we’re going to run everything,’ that obviously causes deep concerns because of the disaster in Iraq,” he reportedly told the president.
“Joe, the difference between Iraq and this is that Bush didn’t keep the oil — we’re going to keep the oil,” the president reportedly replied.
Trump then doubled down on this sentiment.
“In 2016, I said we should have kept the oil. It caused a lot of controversy. Well, we should have kept the oil, and we’re going to rebuild their broken-down oil facilities, and this time we’re going to keep the oil,” he said.
Scarborough on what Trump told him during a phone call yesterday: “Joe, the the difference between Iraq and this is that Bush didn’t keep the oil. We’re going to keep the oil. To underline his point, Trump said his comments were no long on background.” pic.twitter.com/Vfm4mrlSFL
— Aaron Rupar (@atrupar) January 6, 2026
In fairness, the president has been signaling this since day one.
“Right now, what we want to do is fix up the oil, fix up the country, bring the country back, and then have elections,” the president said a day after Venezuelan dictator Nicolás Maduro’s capture. “We need total access. We need access to oil and to other things in their country that will allow us to rebuild their country.”
He added that he’d tipped off the oil companies prior to the operation.
“They want to go in, and they’re going to do a great job for the people of Venezuela, and they’re going to represent us,” he said of the giants. “We are going to have to have big investments by the oil companies to bring back the infrastructure… The oil companies are ready to go; they are going to build back the infrastructure.”
Speaking Tuesday evening on Fox News’ “Jesse Watters Primetime,” eponymous host Jesse Watters argued that all this is a good thing.
“Trump says, ‘Take the oil.’ Democrats call that imperialistic. We call it common sense,” Watters began. “You know, we won spoils after World War II. We told our allies, lose the colonies. We took half of Japan’s gold they stole, built military bases on everyone’s turf, and pegged the world currencies to the dollar. Was that fair?”
“We’ve neglected our own neighborhood for the last 25 years because we were stuck in the sand in Iraq and Afghanistan. And while we were there, China swooped into our backyard and turned out all of our neighbors,” he continued.
(Video Credit: Fox News)
CNN reported very late Tuesday that, according to an anonymous Trump administration official, “the oil has already been produced and put in barrels.”
“The majority of it is currently on boats and will now go to US facilities in the Gulf to be refined,” the outlet added.
CNN, to its credit, admitted that selling oil might actually be beneficial to America, revenue-wise.
“Selling up to 50 million barrels could raise quite a bit of revenue: Venezuelan oil is currently trading at $55 per barrel, so if the United States can find buyers willing to pay market price, it could raise between $1.65 billion and $2.75 billion from the sale,” the network noted.
Writers and editors can be contacted at [email protected] with feedback, tips, or corrections.
V. Saxena is a staff writer with a decade of experience as a professional writer, and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University. Saxena also contributes to BizPac Review.
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