Venezuelan opposition leaders are facing a difficult decision regarding a new oil deal between the US and Venezuela, which would give the US majority control over 65 billion barrels of Venezuelan oil reserves. The deal has been criticized by opposition leader María Corina Machado, who expressed concerns about the authoritarian behavior of Venezuela's acting president Delcy Rodriguez, but stopped short of directly criticizing the agreement itself. Nearly all opposition lawmakers in Venezuela's National Assembly voted to approve the deal, with some citing the need for economic development and American capital. The opposition is caught between their desire for democratic progress and the potential benefits of a deal that may help them maintain good relations with the Trump administration.
Written by the local model on 2026-09-05,
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U.S.-Venezuela oil deal puts opposition in a political bind
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Venezuelan opposition members are uneasy with new oil deals with the U.S., worried that agreements with authoritarian regime in Caracas could undermine democratic progress.
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The blockbuster oil deal between the United States and Venezuela that was announced last week has opposition leaders in Venezuela treading a fine line.
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They fear the agreement could help Venezuela's authoritarian regime stay in power, but opposing it could anger the Trump administration, which in effect now calls the shots in Venezuela.
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The agreement would give the U.S. government majority control over 65 billion barrels of Venezuelan oil reserves.
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At a Caracas news conference on Wednesday, Venezuela's acting president, Delcy Rodriguez, said the agreement could bring badly needed foreign investment to the country's ailing oil industry.
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But many Venezuelans view Rodriguez as an illegitimate president.
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Until her predecessor, Nicolás Maduro, was captured by the U.S. military in January, she had served as his loyal vice president.
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she → capture → president
Rodriguez fully supported Maduro's repressive tactics, including his stealing of the 2024 presidential election.
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Today, her government holds more than 300 political prisoners.
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Citing such authoritarian behavior, María Corina Machado, Venezuela's main opposition leader, says she has profound concerns about the oil deal.
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she → cite → deal
"Economic development is impossible without solid institutions and a government elected by the people," Machado said in a video posted on social media.
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However, Machado, who wants to be Venezuela's next president, was careful not to criticize the oil agreement itself.
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who → want → agreement
She covets good relations with the Trump administration, which following the removal of Maduro, oversees Venezuela as a vassal state.
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which → covet → state
Nobody really who is aiming for political power has come out against this agreement.
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who → aim → agreement
They all know that doing so would basically mean they have no political possibility in the next coming years under Trump.
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In fact, nearly all of the opposition lawmakers in Venezuela's National Assembly voted this week to approve the oil agreement.
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all → vote → agreement
They include Congressman Antonio Ecarri.
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"I want democracy," he says, "but it will come hand in hand with an economic opening and American capital.
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But Trump's actions and words make clear he prefers dealing with the compliant Rodriguez rather than a freely elected president who might be more independent.
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Speaking at the White House this week, Trump brushed off calls for elections in Venezuela.
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I just don't think they're ready yet.
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they → think → ?
You know, it's very new.
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We took them out of a dictatorship, and we're getting along great with the government.
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Delcy, as you know, is doing a very, very good job, very highly respected.
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you → know → job
Polls say otherwise.
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After Rodriguez botched the response to twin earthquakes in June that killed more than 6,500 people, one survey by AtlasIntel put her job approval rating at just 22%.
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Yet the oil agreement should keep her in Trump's good graces, said Venezuelan economist Ricardo Hausmann, who spoke to CNN.
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She gives away the oil, and she gets to stay in power.
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Rodriguez's envoys are holding discussions with the opposition on a democratic transition, but critics claim the acting president is slow-walking the talks and may try to serve out Maduro's term that ends in 2030.
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When pressed by journalists at Wednesday's news conference, Rodriguez said Venezuela will hold presidential elections, but she refused to say when.
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she → press → elections
All rights reserved.
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Accuracy and availability of NPR transcripts may vary.
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Transcript text may be revised to correct errors or match updates to audio.
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Audio on npr.org may be edited after its original broadcast or publication.
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