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

Thursday, January 8th 2026 - 10:55 UTC

Full article 2 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.
Posted 7 hours ago - Link - Report abuse 0
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imoyaro
I think that's the idea... ;)
Posted 3 hours ago - Link - Report abuse 0
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