“We can bring prices down dramatically.”
The promise
Trump promoted a strategy of expanding Venezuelan oil production and integrating it into American energy policy with the goal of reducing energy costs. He repeatedly suggested that access to Venezuelan reserves could help push oil prices significantly lower. Supporters argued that increased supply could benefit consumers and strengthen American energy security. Critics countered that oil markets are influenced by numerous global factors and that such price targets were unrealistic. The proposal gained attention because it linked foreign intervention directly to consumer fuel costs. Energy analysts questioned whether Venezuela's deteriorated infrastructure could support the required production increases. Major oil companies expressed caution about investing despite White House encouragement. The plan was presented as part of a broader economic vision. It remained one of the administration's most ambitious energy-related claims.
