An American oil empire is a deeply flawed idea

1 min read Original article ↗

Donald Trump’s ambitions are expansive. His plans are limited

JUST HOURS after America captured Nicolás Maduro, Venezuela’s dictator, on January 3rd, President Donald Trump clarified his motivation. “The oil business in Venezuela has been a bust, a total bust for a long period of time,” he said. America would “spend billions of dollars, fix the badly broken infrastructure…and start making money for the country”.

This article appeared in the Finance & economics section of the print edition under the headline “Crude vision”

From the January 10th 2026 edition

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