Director of the Latin American Petroleum Association in Texas: The U.S. made a mistake by excluding Venezuela from the energy market that left them in a vulnerable position.

The director of the Latin American Petroleum Association in Texas, Alejandro Terán, described the United States' exclusion of Venezuela from the global energy market as a "grave error." According to the expert, the oil blockade imposed by Washington against the South American country caused economic losses exceeding $125 billion.

This policy has left the United States in a vulnerable position. Terán asserted that the United States currently needs Venezuelan crude oil the most to guarantee its energy stability.

During his analysis in an interview, Terán highlighted that the North American energy reserve is in decline , "a product of fights, the Ukraine-Russia conflict, the ExxonMobil issue in Guyana and everything that has happened (...)."

This situation has reduced the availability of US energy resources to alarming levels, forcing them to rethink their stance toward the international market. The expert warned that if these structural energy deficiencies are not corrected before 2030, the US government will be forced to rely on oil assistance from Venezuela.

The urgency lies in the logistical and operational advantages offered by the South American country, whose infrastructure, according to Terán, includes approximately fifty thousand oil wells , many of which, although inactive, represent significant potential. He also highlighted that Venezuela has water and gas reserves and maintains proximity to North American refineries.

The director of the Latin American Petroleum Association in Texas also addressed the recent visit of U.S. Secretary of State Christopher Wright to Venezuela. Terán emphasized that this visit was not intended to impose regulations , but rather demonstrates the current energy needs of the United States.

As part of that visit, last Thursday, February 12, the acting president of Venezuela, Delcy Rodríguez, and Christopher Wright, toured the Petro Independencia joint venture in the Venezuelan state of Monagas.

During the inspection of the Orinoco Oil Belt Petroleum Production Unit, Rodríguez reaffirmed the goal of transforming the country's vast reserves into a global production power, relying on the historic partnership with Chevron to optimize infrastructure and current extraction levels.

These meetings seek to consolidate a long-term productive partnership agenda, based on Venezuela's energy sovereignty, diplomacy, and political maturity to overcome bilateral obstacles.

The acting president emphasized that the energy link between the two nations, which dates back more than a century, serves as the basis for a relationship of mutual respect and sovereignty, aimed at unlocking Venezuela's energy potential through permanent technical and political dialogue.

As a result of the visit, the delegations from both countries established an immediate implementation roadmap to strengthen operational efficiency. This agreement prioritizes mutual benefit and lays the groundwork for ongoing working groups among experts, reaffirming the commitment to maintaining open channels that guarantee the stability of this trade and energy exchange.