Machado tells US oil giants Venezuela will become beacon of wealth creation after Trump ousted Maduro
Venezuelan political leader María Corina Machado is pitching her country as a top U.S. oil partner and "beacon of hope and wealth creation for this hemisphere" after she said the...
By Fox News · Fox News
Venezuelan political leader María Corina Machado is pitching her country as a top U.S. oil partner and "beacon of hope and wealth creation for this hemisphere" after she said the Trump administration’s arrest of former dictator Nicolás Maduro has opened up a "new era" of free markets. Addressing several thousand oil and energy executives at the CERAWeek conference in Houston, Machado, who until recently lived in the U.S. as a political exile, predicted that Venezuela will soon be a critical contributor to U.S. prosperity. She thanked President Donald Trump and Energy Secretary Chris Wright for laying the groundwork for a "new chapter" in Venezuela, which she said will greatly benefit the U.S. She touted Venezuela’s energy potential, calling its reserves the "largest proven oil reserve in the world" and its natural gas supply the seventh-largest globally. "For decades, all this was locked away by ideology and corruption; that time is ending," she said, adding, "A new era has already begun with an upside of a completely different order of magnitude." TRUMP ENERGY CZAR SAYS IRAN CONFLICT GAS SPIKE IS ‘TEMPORARY BLIP’ AS DRILLING PUSH RAMPS UP Machado said that since the Trump administration’s covert operation to topple the socialist Venezuelan dictator, "important steps have been taken to re-engage Venezuela’s oil and gas sector and begin addressing years of institutional decline and corruption." She predicted that Venezuela would soon "turn from the criminal hub of the Americas" and instead become a "driving force in the global energy sector." "After Jan. 3, we finally feel that freedom is at the threshold; we are there," she said. ENERGY SEC CHRIS WRIGHT TO HEADLINE CERAWEEK 2026 AMID UNPRECEDENTED ENERGY STRAIN Though current Venezuelan President Delcy Rodríguez is a lieutenant of Maduro, Machado predicted that the next election, which she said will likely be at least nine months away, will show "overwhelming" support for democratic free-market capitalism. She vowe…