Venezuela's new oil revenues to be spent solely on US goods

Thursday, January 8th 2026 - 10:55 UTC

Full article 4 comments

President Donald Trump on Wednesday announced that the proceeds from his country's future oil purchases from Venezuela under caretaker President Delcy Rodríguez will be spent entirely on US-made products, making Washington Caracas' new main trading partner instead of Moscow, Beijing, or Tehran. Read full article

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Pugol-H
So, they must sell the oil to the US at a US fixed price, no doubt cheaper than the current Canadian heavy crude, despite the greatly increased transport costs and then spend the money in the US.

And no plan for a democratic ‘independent’ Venezuela any time soon, able to sell its own oil on the world market and spend the money how and where it wishes

A colonial model worthy of any empire in the past.
Jan 09th, 2026 - 02:45 pm - Link - Report abuse 0
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imoyaro
I think that's the idea... ;)
Jan 09th, 2026 - 06:57 pm - Link - Report abuse 0
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jlt
They have to keep abreast of what's happening within Venezuela, especially since it is still teeming with Maduro and Chavez supporters, the very same people who plundered the country and literally starved the population. Thousands of Venezuelans abroad want to return to their homeland, but they need time to relocate. Only then should elections be held. And the crude will be sold at market prices, which appears to be pretty transparent to me.
Jan 09th, 2026 - 11:12 pm - Link - Report abuse 0
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Pugol-H
‘Elections,’ they don’t seem to be a part of this plan, as to what happens in Venezuela, ‘that detective, is the right question’.
Jan 09th, 2026 - 11:50 pm - Link - Report abuse 0
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