DALLAS - The 30-minute U.S.military operation that removed Nicolás Maduro from power has helped clear the way for a sweeping expansion of Venezuela’s battered energy sector, said Energy Secretary Chris Wright, sharing that the country’s national energy production will more than double by the end of 2027."Chevron is going to more than double their energy production.
In fact, that national energy production in Venezuela will more than double by the end of next year from the intervention on January 3rd this year," Wright told Fox News Digital on the sidelines of the RNC Midterm Convention.Wright said the military actions in Venezuela helped open the way for a major increase in oil production as the administration has increasingly taken an active role in the socialist country as part of a broader push to expand U.S.influence and investment.U.S.
forces went into Venezuela for Operation Absolute Resolve on Jan.3, capturing Maduro and his wife Flores.
War Secretary Pete Hegseth said that the attack was part of "massive joint military and law enforcement raid," and lasted less than 30 minutes.TRUMP TOUTS ACCESS TO 65 BILLION BARRELS OF VENEZUELAN OIL IN DEAL HE SAYS WILL SLASH GAS PRICESA view of the town of Agua Santa Rosa, on the shores of Lake Maracaibo, among dilapidated houses in Maracaibo, Venezuela on July 27, 2026.The capital of the oil state and surrounding areas offer a stark contrast between Venezuela's oil wealth and the daily reality of communities living near the country's energy infrastructure.
While oil continues to generate revenue and crude is shipped through terminals serving international markets, many local residents say they have seen little benefit from the sector.(Jose Isaac Bula/Anadolu via Getty Images)"You had 25 years of communist dictatorship.
The standard of living has just plummeted in Venezuela.Eight million Venezuelans fled.
About a million of them, and not all of them good actors, came to the United States of America.People trie...