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Who Wins From Trump’s Venezuela Oil Gambit? Not Regular Americans.

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05.01.2026

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Guest Essay

By Rebecca Patterson

Ms. Patterson is an economist who has held senior positions at JPMorgan Chase and Bridgewater Associates.

Among his various justifications for removing President Nicolás Maduro of Venezuela from office, President Trump has talked about taking control of the country’s oil supply.

Who will benefit from this? Maybe American oil companies that had their operations seized in 2007. Perhaps Chevron, the only U.S. producer active in Venezuela today. Beyond that narrow list, the answer isn’t immediately obvious.

Given the current dynamics........

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