‘Will Donald Trump’s Drive-By Liberation of Venezuela Give Us $2 Gas?’: Peter St Onge [WATCH]

Economist Peter St Onge argued that President Trump’s intervention in Venezuela could eventually lead to significantly lower gas prices for American consumers, while also reshaping global oil markets. In a detailed statement, St Onge outlined how Venezuela’s collapse under socialism removed millions of barrels of oil from global production and how a potential recovery could reverse that damage.

“Will Donald Trump’s drive by liberation of Venezuela. Give us $2 gas,” St Onge asked, framing the issue around energy prices facing American families.

He described Venezuela’s trajectory over the past quarter century, saying, “In case you blinked, Donald Trump just liberated Venezuela from 25 years of socialism that turned the country from one of the richest in Latin America to one of the poorest in the world, with food shortages, constant blackouts, malnourished children, 1000s of nurses, police, women and school teachers turning to prostitution.”

St Onge characterized the scenes following the regime’s collapse as celebratory.

“Yes, socialism is ugly, and just like that, it is over these streets of Caracas filled with jubilation,” he said.

“Children sang, abuelas gushed thanks to Donald Trump regime bureaucrats remembered they have relatives in Miami.”

While noting the humanitarian and political significance for Venezuela, St Onge shifted focus to how the situation could affect the United States.

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“So this is all grand for Venezuela, but what about the American people?” he asked.

“The two keys are, who’s on the hook for rebuilding Venezuela, and what does this do to oil prices, which is historically Venezuela’s biggest export, it’s basically Venezuela’s only export.”

According to St Onge, President Trump has indicated that rebuilding would not rely on U.S. taxpayers.

“So first the nation building. Trump promises Venezuela will be rebuilt with oil company money as international companies rush in to develop Venezuela’s vast oil reserves that were neglected under the socialists,” he said.

He described this approach as realistic given Venezuela’s resource base, stating,

“This is plausible on paper. Venezuela has the largest oil reserves in the world, more than Saudi Arabia. And before socialism, Venezuela was one of the biggest oil exporters in the world.”

St Onge explained that socialist policies devastated production.

“Now under socialism that collapsed 80% removing almost two and a half million barrels from global production, more than Kuwait exports today,” he said.

He added that major energy firms could play a central role in recovery if political stability is established.

“Exxon or Chevron would happily invest 10s of billions if they feel that they can trust the new government, which would allow that new government to rebuild infrastructure so Venezuela can be a free lunch if Washington and its tax funded army of NGOs stay out.”

The potential payoff for Americans, St Onge argued, lies in fuel prices.

“That brings us to the benefit for the American people, gas prices,” he said.

“Two and a half million is enough to knock oil prices five or 10% maybe more, with non linearities that trickles into lower prices at the pump, potentially close to $2 if oil stays below 50.”

He noted that cheaper prices would not depend solely on Venezuelan oil flowing directly to U.S. markets.

“Note, the price impact is not necessarily Venezuelan oil coming to the US. It could be exported anywhere in the world and still lower prices,” St Onge said.

He added, however, that the United States would likely play a major role due to refinery capacity.

“But a lot of it will come to the US, since Venezuelan crude is viscous and the specialized refineries are in Texas and Louisiana.”

St Onge described a scenario in which American refiners benefit economically while consumers see relief at the pump.

“So we take that oil, we re export it to Europe or China, book the profits and the federal taxes while Americans get cheap gas,” he said.

“In fact, everybody on earth gets cheap gas.”

He cautioned that any benefits would take time to materialize. “Cheap Oil will not happen overnight,” St Onge said.

“In fact, oil could surge in the near term, because current Venezuela output could be disrupted. While oil markets do not like drama, and regime change is drama.”

According to St Onge, even with significant investment, recovery will be slow.

“Moreover, even with deep pockets at Exxon and Chevron, it will take years to get Venezuela back to full production,” he said.

“We’re looking at 2027 or 8 at the earliest.”

St Onge also warned that instability remains a major risk.

“And all this assumes Venezuela does not descend back into chaos,” he said.

“For the moment, the regime is decapitated, but the goons are still waiting to see who’s in charge.”

He concluded by framing the stakes of the situation.

“If Venezuela goes the way Trump hopes, it could be the first war in a generation where the American people actually benefit,” St Onge said.

“If not, it could be a brand new basket case that destabilizes the entire region.”

WATCH:

Will Donald Trump’s drive-by liberation of Venezuela give us $2 gas?

Venezuela used to be one of the biggest oil exporters on earth. If it rebuilds, it could drop oil prices 5% to 10%.

But it will take years. pic.twitter.com/dCcqXEOON4

— Peter St Onge, Ph.D. (@profstonge) January 5, 2026