Geopolitical Reality: The U.S. Controls the Oil
In a nutshell
The relationship with the United States defines everything. The U.S. controls Venezuelan oil since January 2026. This section explains how to negotiate that reality in Venezuela's favor — not to confront it.
Since January 2026, Wright declared that the U.S. will control oil sales "indefinitely." Sales >USD 1,000M as of Feb. 2026, with agreements for USD 5,000M more. Wright visited Caracas and toured Chevron facilities with Rodriguez.
| Reality | Plan's Position | Action |
|---|---|---|
| U.S. controls sales | Transition phase, not permanent | Negotiate % to Sovereign Fund |
| Accounts controlled by U.S. | Temporary anti-corruption mechanism | Demand transparency (Democrats proposed Transparency Act) |
| Majors are cautious | Bessent: "the big ones are not interested yet" | Start with Chevron + independents |
| China USD 10–12B pending | RAND: China can be a spoiler | Include as diversified buyer |
| Diaspora Pre-Seed | Does NOT depend on any of the above actors | Launch immediately |
Wright said elections "probably" happen during Trump's term. This plan proposes: elections = condition for transferring control to the citizen Sovereign Fund.