America Is Importing More Venezuelan Oil While Production Stays Flat

Trump Freed Venezuela’s Oil From Maduro and Washington’s Own Paperwork Is Strangling It

American forces dragged Nicolás Maduro out of Venezuela back in January and handed Trump the world's largest oil reserves.

Eight months later those same oil fields are still producing barely more than they did under the dictator. One piece of leftover paperwork in Washington is deciding how much cheaper your gas gets from here.

Venezuela sits on more proven oil reserves than any country on Earth. Trump ended Maduro's rule in January and promised those barrels would flow to American refineries instead of funding a dictator's drug routes. They are flowing.

U.S. imports of Venezuelan crude climbed from 200,000 barrels a day in January to 630,000 barrels a day by June, according to Energy Information Administration data.

That sounds like a flood. It is not.

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