US Establishes Western Hemisphere Oil Empire
Analysis based on 6 articles · First reported Jan 05, 2026 · Last updated Jan 07, 2026
The United States' expanded control over Latin American oil production, particularly in Venezuela, is expected to significantly impact global energy markets by potentially stabilizing oil prices around $50 a barrel. This shift provides the United States with unprecedented geopolitical leverage, reducing its reliance on traditional oil suppliers and altering foreign policy dynamics with nations like Russia and Iran.
The United States, under President Donald Trump's 'Donroe Doctrine', is establishing an oil empire by consolidating its influence over oil production in the Americas, including Canada, Venezuela, Brazil, Guyana, Colombia, Mexico, and Argentina. This move gives the United States de facto control over nearly 40% of the world's oil output, providing significant economic and geopolitical leverage. Key actions include gaining unfettered access to Venezuela's vast oil reserves, which could be revitalized with US investment. This development is seen as a game-changer, allowing the United States to influence global oil prices and pursue a more assertive foreign policy, as demonstrated by past actions against Iran and support for Ukraine against Russia. The post-Maduro order in Venezuela, potentially involving Delcy Rodríguez, is viewed favorably by US oil companies for its market-oriented policies.
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