English transcript

We don't need Venezuela's oil. We have plenty of oil in the United States.

What we're not going to allow is for the oil industry in Venezuela to be controlled by adversaries of the United States.

You have to understand, why does China need their oil? Why does Russia need their oil?

Why does Iran need their oil? They're not even in this continent.

This is the Western Hemisphere. This is where we live.

And we're not going to allow the Western Hemisphere to be a base of operation for adversaries, competitors, and rivals of the United States.