English transcript

States need to take over the Venezuelan oil industry?

Well we don't need to.

First, let me go back up.

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.

Have specific oil companies?

We also want to see that oil and the proceeds from it.

Hold on.

We want to see the oil proceeds of that country benefit the people of Venezuela.

Why have eight million people left Venezuela?

Eight million, the single largest mass migration probably in modern history, left Venezuela

since 2014 because all the wealth of that country was stolen to the benefit of Maduro and his

cronies in the regime, but not to the benefit of people of Venezuela.

You know how destabilizing eight million migrants is?

The number one fear that Brazil has, that Colombia has, that all these countries in

the region have about what's happening in Venezuela and our involvement is they're afraid

of another mass migration event.

That's what they fear.

This is deeply destabilizing stuff.

It's not going to continue to happen.

They are not going to come from outside of our hemisphere, destabilize our region in

our own backyard, and us have to pay the price for it, not under President Trump.