Top Trump official reveals how 30-minute military op unlocked Venezuela oil windfall for US buyers, tell me about this news in (https://www.foxnews.com/politics/top-trump-official-reveals-how-30-minute-military-op-unlocked-venezuela-oil-windfall)

11-09-2026

Here is a summary of the report from Fox News:In an interview on the sidelines of the RNC Midterm Convention in Dallas, U.S. Energy Secretary Chris Wright discussed how a brief U.S. military operation altered the landscape for Venezuelan oil production and U.S. energy access.Key points from the report include:
  • The Military Operation: U.S. forces carried out “Operation Absolute Resolve” on January 3, a joint military and law enforcement raid that lasted under 30 minutes and resulted in the capture of Nicolás Maduro and his wife, Cilia Flores.
  • Diplomatic and Operational Leverage: Wright stated that the quick operation allowed the U.S. to gain substantial leverage over the Venezuelan government, enabling Washington to push for energy access and sector reforms after decades of economic decline and political impasse.
  • Production Targets and Corporate Investments: Wright projected that Venezuela’s overall national energy production would more than double by the end of 2027. He highlighted Chevron’s commitment of over $7 billion in investment over five years, aiming to boost its own output in the country to 600,000 barrels per day.
  • Impact on U.S. Industry and Jobs: The administration stated that millions of barrels of newly produced Venezuelan heavy crude will be processed in U.S. refineries and extracted using American equipment and infrastructure, supporting domestic jobs.
  • Geopolitical and Market Context: The push to bring Venezuelan crude into Western supply chains comes amid broader global energy shifts and disruptions, notably conflicts affecting Middle Eastern shipping lanes like the Strait of Hormuz, with the administration aiming to anchor more energy production within the Western Hemisphere.


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