On Saturday, United States military forces carried out a dramatic strike in Venezuela that resulted in the capture and forcible removal of President Nicolas Maduro and his wife, Cilia Flores. They were flown to New York and are now in federal custody. Maduro appeared in federal court on drug and weapons charges and pleaded not guilty. Several governments, international legal experts and United Nations officials have described the military operation as an illegal “kidnapping” and a breach of international law. The UN secretary-general warned that it sets a “dangerous precedent”, undermining foundational norms of sovereignty under the UN Charter.

Yet, as Washington justifies its operation primarily with rhetoric about oil and narcotics, a deeper inspection reveals another dynamic: This was first and foremost an ideological battle, shaped by domestic political incentives in the US – in particular the strategic influence of Florida’s electorate and its political elite.

The mainstream narrative frames Venezuela’s enormous oil reserves – officially among the largest proven in the world at roughly 298 billion to 303 billion barrels – as the core strategic prize. But a closer, evidence-based analysis shows the immediate economic rationale to be weak.

US crude imports from Venezuela, once significant, have dwindled to about 220,000 barrels per day (bpd) as of 2024, representing less than 4 percent of US crude imports. By contrast, imports from Canada dominate, accounting for roughly 60 to 63 percent of US crude import needs, and US production of light crude has risen sharply, reducing dependence on foreign sources. This shift undermines claims that Venezuelan oil alone is a strategic imperative.

Why does Venezuelan crude matter at all? The answer lies in its composition. Venezuelan oil is heavy and........

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