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Trump’s Policy: “We’re Going To Probably Stop Buying Oil From Venezuela”

In a series of recent policy announcements, U.S. President Donald Trump has signaled significant shifts in U.S. energy strategy, particularly concerning oil imports from Venezuela and the export of liquefied natural gas. These moves, coupled with recently confirmed Secretary of State Marco Rubio’s recent statements, are poised to reshape the North American energy landscape.

“We’re going to probably stop buying oil from Venezuela,” Trump reportedly remarked. This declaration marks a stark departure from previous administrations’ approaches to Venezuelan oil, reflecting Trump’s enduring skepticism of the Maduro regime.

The decision appears to align with Trump’s broader foreign policy objectives, which often intertwine economic sanctions with geopolitical maneuvering. By cutting off oil imports from Venezuela, the U.S. aims to exert additional pressure on Nicolás Maduro’s government, which Rubio characterized as “a narco-trafficking organization that has empowered itself of a nation state” during his Senate Foreign Relations Committee hearing on January 15, 2025.

Less Venezuelan oil into US is “positive for [Canadian] Oil,” Tsubouchi noted in his post, highlighting the potential benefits for Canadian oil producers.

Rubio criticized the Biden administration’s negotiations with Maduro, labeling the elections as “completely fake” and accusing the U.S. of being “played.” His remarks suggest a unified front between Rubio and Trump, reinforcing a shift towards favoring Canadian oil over Venezuelan supplies.

This alignment is expected to provide a significant boost to Canadian oil companies, however names such as Chevron Corporation, which have existing licenses in Venezuela may need to be “reexplored” as per Rubio.

“Companies like Chevron are actually providing billions of dollars of money into the regime’s coffers and the regime kept none of the promises that they made,” Rubio stated. This criticism not only casts Chevron in a controversial light but also raises questions about the future of its operations in Venezuela.

Reversing Biden’s Freeze

In another strategic move, Trump has lifted the Biden administration’s freeze on LNG exports, as noted by Tolou Capital Management Founder Spencer Hakimian (@SpencerHakimian). “Immediate reaction is price for nat gas up,” Hakimian noted, indicating a swift market response to the policy reversal.

This decision is part of Trump’s broader initiative to bolster American energy exports, aiming to reduce reliance on foreign energy sources and strengthen the U.S. position in the global energy market. The lifting of the freeze is expected to enhance the competitiveness of American LNG producers, potentially leading to increased exports and higher revenues for companies involved in the sector.

The energy market has responded dynamically to Trump’s policy announcements. The cessation of Venezuelan oil imports is viewed positively by Canadian oil producers, as indicated by the bullish sentiment expressed by Tsubouchi. Concurrently, the lift on the LNG export freeze has spurred immediate price increases in natural gas markets, reflecting investor optimism about the potential for expanded export activities.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. “We’re going to probably stop buying oil from Venezuela,”

    Probably does not constitute an actual decision……hopefully this does boost sales of canadian oil we are about to use as a counter measure to their supposed tariffs 😉

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