US will control Venezuelan oil sales ‘indefinitely,’ energy secretary says

NY Post ^ | 1/07/26 | Ariel Zilber

[Libloather]

The Trump administration said Wednesday it will control Venezuela’s oil sales “indefinitely” in the wake of deposed strongman ruler Nicolás Maduro’s capture.

Energy Secretary Chris Wright asserted the US will market and sell Venezuelan crude, with proceeds held in US-controlled accounts that he said “can flow back” to Venezuela, a day after President Trump said Venezuela would turn tens of millions of barrels of oil over to the US.

“Instead of the oil being blockaded, as it is right now, we’re gonna let the oil flow … to United States refineries and around the world to bring better oil supplies, but have those sales done by the US government,” Wright said at Goldman Sachs’ Energy, CleanTech & Utilities Conference in Aventura, Fla., on Wednesday.

The US will first move to sell millions of barrels of Venezuelan crude currently stuck in storage because of US sanctions and a blockade, and then take over the sale of ongoing production for the foreseeable future, according to the energy secretary.

“We’re going to market the crude coming out of Venezuela, first this backed-up stored oil, and then indefinitely, going forward, we will sell the production that comes out of Venezuela into the marketplace,” Wright said.

On Tuesday, Trump publicly laid out his own vision for Venezuela’s oil sector following the arrest of Maduro, saying the upheaval created an opening for the US to step in and restart production.

[mac_truck]

As harshly as everybody here turned on W and spent the last 5 years sounding like leftists let loose from DU screaming about nation building, no more foreign adventures, and whatever they else pilfered from the code pink playbook —

How could you reach that conclusion considering you've been here less than two years? 🤔

[Owen]

I think you’re asking about the Reserves.

It is from the annual Statistical Report of Energy that BP has published for 70 yrs. You can see the history of Ven reserves in the spreadsheet.

It’s a huge Excel spreadsheet. If you really want to download it, I can give you the link.

[Owen]

See above reply re World Statistical Report of Energy spreadsheet and Reserves reporting.

[mac_truck]

It would be nice if the many barking seals trained to clap on command just took a moment — just a brief moment — to apologize and admit they weren’t standing on any kind of real principle... just barking the slogans the moment required of them.

It would be nice if the neolibs behind these sock puppet accounts had the courage to their convictions rather than lurking in the shadows. 🤥

[DownInFlames]

The U.S. is going to make an offer they can’t refuse.

[DownInFlames]

Yep. The Don is truly coming out as the Godfather. Who’s Luca Brassi?

[dfwgator]

[DownInFlames]

Use the profits to rebuild the Venezuelan oil infrastructure including refineries to convert the high sulphuric oil to usable fuels. Sorry China, you’re out of luck. Instead of attacking China, cut off their fuel supplies.

[DIRTYSECRET]

They could use the Chicom money but Europe would be better. China can then get it from Russia.