Why the US, the world's top oil producer, wants Venezuela's oil, too

“Drill, baby, drill!” That was President Donald Trump’s solution for lowering prices for millions of Americans when he was campaigning in 2024 for the top job. At the time, he wanted to expedite drilling permits that took an average 258 days to complete during the Biden administration, hold permit sales more frequently and increase drilling off the U.S. coast. More recently, Trump wants to apply that mantra to Venezuela and bring that crude to the U.S. But the U.S. already leads the world in oil product ...