“I think we’re in a situation where we have not gotten regime change. The same group, minus only Maduro, is still in power, and it’s not at all clear just how much intimidating force that we’ve really got.
There are pressure points. I think they’re in trouble on oil exports and so on. But what are China and Russia and Iran and Cuba going to do in the face of that, just sit back and watch it happen? So, I’m not at all sure what day-after planning there was, because I’m not sure we’re finished with the day yet.
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Trump talked about getting the oil, and I think there would have been a legitimate argument that U.S. oil companies kind of get first dibs to come in — not that we would take it, but that we would get some preference in terms of the ability to present proposals — and we should, at a minimum, get some of that production and maybe a lot of it.
But that’s not how Trump looks at it. He just wants to take control of it, and that’s how he’s going to pay for the military force and sort of everything else he’s been promising.
I just think that’s the kind of limited vision he has. He focuses on what he thinks he understands, the tangible economic asset.
The idea that American oil companies are just lining up to go invest in Venezuela is just flatly wrong, and the idea that somehow there will be a quick transformation of the incredibly dilapidated Venezuelan oil infrastructure that’s going to suddenly turn the production back online is fantasy, too.
It’s going to take tens of billions of dollars over a sustained period of time before they get this thing back up and running the way it used to be.
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I think we do have full authority under international law to go after Maduro because what we would consider the legitimate government today is the opposition, with Maduro having stolen both the 2018 and 2024 presidential elections.
When you basically go back to dealing with the old regime and undercut the legitimate government, you’re giving Russia and China the precedent that they don’t have.
There’s nobody in Ukraine calling for Russian intervention, and the government of Taiwan certainly isn’t calling for Chinese intervention.
So the Venezuelan case as it stands now is quite different from those, but that’s not the way Trump’s behaving, and it’s the mistakes he’s making today that lend greater credence to a Russian or a Chinese effort to say, well, we’re just doing what the U.S. did in Venezuela.
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what if they decide they’re not going to do what we want six months from now? Where are we going to be at that point? And I don’t think Trump has addressed that.”
https://www.politico.com/news/2026/01/07/john-bolton-trump-actions-against-venezuela-00713284