Reducing immigration while increasing crude oil production! Lobbying groups persuade Trump to lift sanctions on Venezuela
American oil companies and bond investors are urging Trump to abandon his maximum pressure policy against Venezuelan President Maduro and instead increase Venezuela's oil supply to the U.S. to reduce the number of migrants. However, there are internal divisions within Trump's team regarding whether to change their stance on Maduro, and how the policy will shift remains to be seen
Under multiple calls, will the Trump administration change its policy towards Venezuela?
On November 28th local time, according to media reports, American oil companies and bond investors are urging Trump to abandon the maximum pressure policy on Venezuela and instead increase Venezuela's oil supply to the U.S. to reduce the number of migrants. This lobbying effort comes as Venezuelan President Nicolás Maduro Moros threatens to arrest opposition figures to strengthen his power.
In recent years, U.S. economic sanctions have failed to overthrow Maduro's regime and have instead exacerbated Venezuela's economic crisis and migration wave. Previously, the Biden administration attempted to promote free and fair elections in Venezuela by easing some economic sanctions, but was unsuccessful. In response to changes in U.S. policy, Maduro has sought to attract U.S. investment by offering incentives.
Some business figures, such as Harry Sargeant III, are trying to show Trump the benefits of negotiating with Maduro—recently, Sargeant's company shipped a batch of Venezuelan asphalt to the U.S., demonstrating the potential economic benefits of a policy shift. Analysts believe that such trade could stabilize U.S. energy prices and weaken Russia's influence in Venezuela.
There are divisions within Trump's team regarding whether to change the approach towards Maduro.
Some members, like Rubio, still advocate for pressure on Maduro and sanctions against Venezuela, while others see a balance between potential economic benefits and political compromise. Analysts suggest that Rubio's nomination as Secretary of State indicates that the Trump administration may continue to adopt a hardline policy towards Venezuela.
In summary, facing complex diplomatic and internal political challenges, how the new Trump administration handles its relationship with Venezuela remains to be seen. Analysts indicate that changes in policy could affect existing special permits, including those granted by the Biden administration to some U.S. companies operating in Venezuela