Trump’s Latest Vanity Project: Emulating A Persian Gulf Oil Monarch

The Trump administration is demanding that Venezuela hand over control of more than a dozen of the country’s vast oil fields, according to reports from Axios. If the deal moves forward, the U.S. federal government would take ownership of the fields and would hand operational control to private oil companies. In response, Tyson Slocum, director of Public Citizen’s Energy Program, issued the following statement:

“President Donald J. Trump and Secretary of State Marco Rubio are demanding Venezuela turn over ownership of more than a dozen Venezuelan oil production fields to the United States federal government. If this comes to pass, Trump will likely transfer operational control to U.S. oil companies, opening the door to Trump’s typical bilateral transactional corruption, bestowing lucrative opportunities for the oil companies he chooses to reward.

“In the nearly eight months since Trump’s illegal January 2026 Venezuelan invasion, the Trump administration has managed a $13 billion slush fund gleaned from its control over Venezuelan oil sales, with zero transparency, and little to no public oversight or accounting. The President has no authority to negotiate a deal where the federal government takes control over foreign oil production facilities, and Congress must intervene and put an end to Trump’s oil fueled imperialism.

“Trump hasn’t been shy about expressing his admiration of Gulf Monarchs’ oil slush funds, and his effort to establish a South American kleptocracy is an outrage. There’s been no improvement in human rights in Venezuela, so Trump’s move is further evidence that his illegal actions in Venezuela are all about controlling oil with no public accounting, transparency or oversight. This is yet another Trump gift for Big Oil.”