WSJ What’s News How Giving Over Its Oil to the U.S. Could Revive Venezuela’s Economy
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Jan 9, 2026 
Joining the discussion are Harriet Torry, an economics correspondent focusing on U.S. labor markets, and Kejal Vyas, a reporter covering Venezuela's energy issues. They explore how the U.S. potentially taking 50 million barrels of Venezuelan oil could revive the nation's economy, contingent on various conditions. Kejal highlights the need for secure sales and timely financial transfers to assist Venezuelans. Harriet also discusses the implications of weak job growth in the U.S. and its impact on Federal Reserve policies.
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Strong Growth, Weak Hiring Paradox
- Hiring slowed sharply in 2025 despite strong economic growth, reflecting business caution amid tariff uncertainty.
- Falling quits and weaker job gains indicate reduced worker confidence and longer job searches.
Oil Sales Could Unlock Frozen Cash
- The U.S. would sell up to 50 million barrels of Venezuelan oil and hold proceeds to prevent enrichment of corrupt elites.
- If managed transparently, those proceeds could unlock imports and relieve a backlog of stored oil, restarting economic flows.
China Shipments Often Yield No New Cash
- Much Venezuelan oil now goes to China to repay old debts, generating little new cash for the economy.
- Restarting commercial ties that produce cash receipts could materially improve Venezuela's liquidity position.