Trump on call with Venezuela’s Delcy Rodríguez discusses ‘oil, mineral, trade’ after Maduro capture

By The Economic Times

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Venezuela & US Relations: A Detailed Account of Recent Developments

Key Concepts:

  • Interim Presidency: The temporary assumption of presidential powers, in this case by Deli Rodriguez.
  • Narco-terrorism: The use of illicit drug trafficking to fund or support terrorist activities.
  • Judicious Transition: A careful and well-considered transfer of power, prioritizing stability and fairness.
  • US Oversight: Direct control and supervision by the United States government over Venezuelan affairs, particularly oil resources.
  • Military Operation: A large-scale, coordinated military action undertaken by the US armed forces in Venezuela.

I. Dramatic Shift in US-Venezuela Relations & Maduro’s Capture

On January 14th, a significant diplomatic shift occurred between the US and Venezuela, marked by a phone call between US President Donald Trump and Venezuela’s acting president, Deli Rodriguez. Both leaders characterized the conversation as “positive.” This followed a US military operation resulting in the capture of Venezuelan President Nicholas Maduro and his wife, Celia Flores, who were subsequently flown to New York to face charges related to “narco-terrorism” and international drug trafficking in the Southern District of New York.

The operation, described as resembling a WWII-scale assault, involved overwhelming American military power – air, land, and sea – targeting a heavily fortified military fortress in Caracas. Trump highlighted the success of the operation, comparing it favorably to previous US military actions like the attacks on Solani, Albaghdaddy, and the “Midnight Hammer” operation against Iranian nuclear sites. Notably, the operation resulted in zero American casualties or equipment loss, despite the involvement of numerous helicopters, planes, and personnel. The lights of Caracas were reportedly turned off during the operation due to US expertise.

II. Trump’s Assertions & Control Over Venezuela

President Trump made a startling declaration on Truth Social, portraying himself as both US President and Venezuela’s acting leader, a move that sparked global shock and debate. He stated, “We’re going to run the country until such time as we can do a safe, proper, and judicious transition.” This statement underscores the US intention to maintain control over Venezuela until a stable political transition is secured, preventing a return to the previous situation experienced over the past years.

Trump emphasized the US’s commitment to “peace, liberty, and justice for the great people of Venezuela,” including those residing in the US who wish to return to their homeland. He repeatedly asserted the US will remain in Venezuela until a “safe, proper, and judicious transition” can occur, emphasizing the need to avoid a return to previous conditions.

III. Oil Resources & Economic Implications

A central element of the US strategy appears to be managing Venezuela’s vast, but underproducing, oil reserves. Trump announced the US is currently receiving 50 million barrels of oil daily, valued at over $5 billion, with plans to refine it. He stated the US is capable of handling this influx with 50 of the world’s largest ships, each capable of carrying 1 million barrels.

Trump further claimed the US has already driven down oil prices to a six or seven-year low and intends to lower them further. He described Venezuela as being “on steroids” previously, falling into “disaster,” and expressed confidence in “bringing Venezuela back” to benefit both countries. He stated, “Winning is a good thing.”

IV. Deli Rodriguez’s Interim Leadership & Reactions

Deli Rodriguez, formerly Maduro’s vice president, was formally installed as interim president by Venezuela’s Supreme Court, granting her legal recognition within the country, though not universally abroad. Despite previously criticizing the Trump administration for “kidnapping” Maduro and calling for his return, Rodriguez described her phone call with Trump as “long, productive, and courteous,” discussing a “bilateral agenda for the benefit of both countries.”

The US military operation and subsequent political developments have triggered immediate pushback from diplomats and rights groups worldwide.

V. Military Capabilities & Comparative Analysis

Trump repeatedly highlighted the unparalleled strength and competence of the US military. He asserted, “No nation in the world could achieve what America achieved yesterday or frankly in just a short period of time.” He contrasted this success with past US military operations, citing perceived failures in Afghanistan and during the Jimmy Carter administration as examples of past shortcomings.

He also noted the US has eliminated 97% of drug trafficking by sea, attributing this success largely to Venezuela being a major source of these drugs, stating each boat carries enough drugs to kill 25,000 people on average.

Notable Quotes:

  • Donald Trump: “Venezuela on steroids. Now I'm Venezuela's biggest fan. We're working with them… We're going to be great for Venezuela, great for our country.”
  • Donald Trump: “We’re going to run the country until such time as we can do a safe, proper, and judicious transition.”
  • Donald Trump: “We want peace, liberty, and justice for the great people of Venezuela.”
  • Donald Trump: “Not a single American service member was killed and not a single piece of American equipment was lost.”

Conclusion:

The recent developments in Venezuela represent a dramatic intervention by the US, marked by a successful military operation, the capture of President Maduro, and the installation of an interim government. The US intends to maintain a significant level of control over Venezuela, particularly its oil resources, until a “safe, proper, and judicious transition” can be achieved. This intervention has sparked international debate and raises questions about the future of Venezuelan sovereignty and political stability. The focus on oil resources and the assertion of US oversight suggest a long-term strategic interest in Venezuela’s economic and political landscape.

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