Business Leaders Want Trump-Venezuela Deal For Oil, Immigration
Listen To Story Above
Several U.S. business leaders and investors are reportedly encouraging President-elect Donald Trump to negotiate with Venezuela, suggesting a deal that could address illegal immigration concerns in the United States.
According to The Wall Street Journal, oil industry executives have proposed that Trump engage with President Nicolás Maduro to enable U.S. companies to resume Venezuelan operations in exchange for Venezuela’s cooperation with U.S. deportation flights.
Some U.S. businessmen and bond investors reportedly are urging President-elect Donald Trump to strike a deal with Venezuela that would help reduce the number of illegal migrants in the U.S.#news pic.twitter.com/8MEIX6tef0
— Peer Community Hub, Your News Network Zone! 🇨🇦✌️ (@p_communityhub) November 28, 2024
These business figures argue that such an arrangement would not only reduce migration flows but also help stabilize energy prices through increased oil production.
Immigration reform has been central to Trump’s campaign, with his pledge to implement large-scale deportations of undocumented immigrants. This potential Venezuelan deal would mark a significant shift from his previous hardline stance against Maduro’s regime.
The proposal emerges as the U.S. recently imposed new sanctions on over 20 Maduro-allied officials, following disputed claims of victory in Venezuela’s July presidential elections.
The Biden administration has recognized opposition candidate Edmundo González as Venezuela’s legitimate president-elect, with opposition forces planning demonstrations and urging Trump to maintain pressure on Maduro.
Current oil sanctions remain active, though specific companies like Chevron maintain operational licenses. Recently, Global Oil Terminals facilitated the first Venezuelan asphalt shipment to Palm Beach since Trump’s 2019 sanctions.
“It is indisputable that the renewed flow of high-quality, low-cost Venezuelan asphalt to the U.S. has been a benefit to the American taxpayer,” Harry Sargeant IV, Global Oil Terminals president and the founder’s son, told the Journal.
Senator Ted Cruz: America’s energy needs is not in Venezuela’s oil field or the Ayatollah in Iran.
A clear answer to all the Questions; the Trump’s administration won’t make any deals with the terrorist Ayatollahs. pic.twitter.com/tozqn0nB14
— Elina Lewis (@Sinnerlondon) November 6, 2024
“It has been a blow to our strategic competitors because under sanctions, these barrels were turned into heavily discounted fuel oil that simply subsidized the Chinese economy.”
A potential agreement could help counteract Chinese and Russian influence in Venezuela, which expanded following Trump’s sanctions, though this approach might prioritize practical considerations over democratic reforms in the country.
