How helpful could Venezuela be to the US?
CMV: Venezuela is being invaded violently in an undeclared war with the prepose of annexation of oil resources and the institution of a puppet regime friendly to the United States
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Now that it's become clear that the Biden administration has embarked on a different course toward Venezuela compared to his predecessors, seeking diplomacy and furthering economic cooperation rather than a hawkish approach, I'm curious how valuable Venezuela could be as a partner to the US.
The most obvious way America benefits from a closer relationship to Venezuela is by getting access to their vast oil reserves -- the largest in the world. I believe some American oil companies have already begun leasing some of the oil fields in the country. Easy access to a plentiful source of oil in our own hemisphere is clearly helpful to the US, allowing for easier imports and reducing our dependence on Middle Eastern nations that have demonstrated waffling loyalty in recent years. Both of those things seem likely to ease gas prices here at home. However, I am aware that despite being so plentiful, Venezuela's oil is of significantly lower quality compared to countries in the Middle East. I'm no expert on the subject, but I assume that is an important qualification that could have implications on how much the US can feasibly rely on Venezuela for energy.
Secondly, the US having closer ties with the Venezuelan regime helps to stem China's growing influence in South America, including with Venezuela. They've stepped in to offer assistance to countries in the absence of American engagement. I'm sure Washington isn't entirely comfortable with their top geopolitical rival having a foothold in their hemisphere. The Monroe Doctrine still has its effect on US foreign policy.
Lastly, Venezuela can be an important partner for the US as they grapple with mass migration from South America. The poor economic conditions in Venezuela -- partially the result of punishing US-led sanctions -- have caused millions to flee the country, and many of whom eventually end up at the US's southern border. Taken as part of a broader regional strategy to improve the conditions in Latin and South America to ease the pressure of mass migration to the US, Venezuela could be a helpful ally in stemming the crisis.
Thoughts?