The U.S. is rapidly moving to secure Venezuelan oil, deemed a potential game-changer for American refiners and energy interests. Former President Trump is pushing measures to block court claims on Venezuelan oil revenues in U.S. accounts, while also signalling a possible sidelining of ExxonMobil from the region amid concerns from the CEO about the investability of Venezuela. As the U.S. races to establish new relations with Venezuela, industry leaders express mixed feelings about the feasibility of tapping into its oil resources. Potential profits and geopolitical implications emerge, though significant risks and the realities of the oil market loom large. The U.S. is eager to reshape Venezuela’s oil sector, but history and economic challenges may present substantial hurdles. In the meantime, U.S. oil companies remain cautious, weighing the allure of Venezuelan crude against the complexities of the current energy landscape.