Dialogos

Trump Administration Sees Venezuela as Key to Lower US Energy Costs

Published January 7, 2026, 06:05
Trump Administration Sees Venezuela as Key to Lower US Energy Costs

The Trump administration believes that oil production in Venezuela can be rapidly increased, despite existing difficulties, and is considering lifting US sanctions as a means to achieve this goal. According to US Interior Secretary Doug Burgum, the sanctions are hindering Venezuela's access to critical equipment and technologies. The administration is expected to meet with executives from US oil companies to discuss potential policy changes. Trump suggested that increasing oil production in Venezuela could lower energy costs in the United States.