US Will Likely Stop Buying Oil From Venezuela: Trump

Secretary of State Marco Rubio said that Venezuela is ‘governed by a narco-trafficking organization.’

An oil platform built by Venezuela's state-owned oil company PDVSA, in Orinoco, Venezuela, on July 28, 2011. RAMON SAHMKOW/AFP via Getty Images

President Donald Trump said on Jan. 20 that his administration would likely stop buying oil from Venezuela.

“It was a great country 20 years ago, and now it’s a mess,” Trump told reporters in the Oval Office, hours after his inauguration. “We don’t have to buy their oil. We have plenty of oil for ourselves.”