"The engine of the boom that turned the United States into the world's largest oil producer could see its already thin margins become unprofitable amid an increase in supply Atlas Energy plant in Kermit, Texas, on February 26, 2025.Julio Cortez (AP) Donald Trump has openly portrayed the operation in Venezuela launched with the capture of Nicolas Maduro and his wife as a way to seize control of the country's oil industry, which holds the largest crude reserves in the world,"
"The president has claimed that companies will earn billions by extracting and selling that oil. He has also argued that it would lower energy and gasoline prices for Americans. However, those supposed benefits, based on flooding the global market with Venezuelan oil sold by U.S. companies, threaten the domestic fracking industry the driving force behind the boom that made the United States the world's largest oil producer."
A potential influx of Venezuelan oil sold by U.S. companies could flood global markets and pressure prices, endangering the thin margins of the U.S. fracking industry. Hydraulic fracking has driven a 15-year boom that made the United States the world's largest oil producer, but low prices and rising operating costs have already squeezed profitability. The White House met with major oil executives as the administration promoted plans to revive Venezuelan production with large investments, while industry leaders expressed caution about investability without legislative changes and long-term guarantees. Environmental concerns about fracking persist internationally.
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