Commentary: Trump’s Venezuelan oil adventure is coming apart at the seams

Trump thinks the spigots will soon start flowing with Venezuela's oil.‍ The oil industry isn't eager to see that happen.‍  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­   January 12, 2026 | View in browser The latest from Michael Hiltzik Commentary: Trump's Venezuelan oil adventure is coming apart at the seams Trump thinks the spigots will soon start flowing with Venezuela's oil. The oil industry isn't eager to see that happen. Read More ADVERTISEMENT Thanks for reading the Los Angeles Times Sign up for more L.A. Times alerts and newsletters. Sign Up You received this email because you opted to receive Michael Hiltzik's columns from L.A. Times. Unsubscribe | Manage marketing email preferences | Terms of Service | Privacy Policy | Do Not Sell My Personal Information | CA Notice of Collection Advertisers have no control over editorial decisions or content. Place an ad or classified. Copyright © 2026, Los Angeles Times 2300 E. Imperial Highway, El Segundo, CA 90245 1-800-LA-TIMES latimes.com

This evening: Defiant independence from the Federal Reserve catches Trump off guard

Plus a very smutty book club where Sunday mornings are for 'sex therapy.‍' What you need to know this evening.‍  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­   ADVERTISEMENT January 12, 2026 | View in browser This Evening's Big Stories Defiant independence from the Federal Reserve catches Trump off guard The decision by the Justice Department to subpoena the Fed over the construction project comes at a critical juncture for the U.S. economy. Read More ADVERTISEMENT Commentary: Trump's Venezuelan oil adventure is coming apart at the seams "Trump thinks the spigots will soon start flowing with Venezuela's oil. The oil industry isn't eager to see that happen," writes Times business columnist Michael Hiltzik. Read More Record-high heat, gusty Santa Ana winds forecast for parts of Southern California Several more days of breezy Santa Ana winds will continue to foster warm, dry weather across L.A. and Ventura counties. Much of the region will see highs in the 80s by midweek. Read More ADVERTISEMENT Why California is keeping this unusual solar plant running when both Trump and Biden wanted it closed The electricity it makes is expensive, its technology has been superseded, and it's incinerating thousands of birds mid-flight each year. Read More In pricey Santa Monica neighborhood, a battle rages over supportive housing The controversy over a sober living center in Santa Monica is just the latest in a series of clashes between city officials and developer Leo Pustilnikov. Read More Keep up with California Your support helps us deliver the news that matters most. Subscribe to the Los Angeles Times. Subscribe Now FEMA to pay for lead testing at 100 homes destroyed in Eaton fire, after months of saying it was unnecessary For months, federal officials have said post-cleanup soil testing for fire-stricken homes in L.A. was unnecessary. Now, they plan to test 100 homes destroyed in the Eaton fire. Read More Yes, it will cost $1,500 to eat at Noma L.A. Rene Redzepi explains why Less than a Super Bowl ticket, more than almost every other L.A. restaurant: A meal at Noma's L.A. residency will cost $1,500. Copenhagen chef Rene Redzepi explains the price and how he's come up with more affordable ways to experience the restaurant's flavors. Read More What you didn't see on TV at the Golden Globes From former co-stars reuniting at the Beverly Hilton to winners answering questions from press backstage, here's what you didn't see during the Golden Globes telecast. Read More Sunday mornings are for 'sex therapy' at this very smutty book club As the romance novel dominates bestseller lists, a new kind of 'third space' is emerging at Black Cat Fables, where smut and self-help intersect to break down sexual taboos. Read More ADVERTISEMENT Thank you for reading This Evening's Big Stories from the Los Angeles Times Sign up for more L.A. Times newsletters. Sign Up You received this email because you opted to receive email communications from L.A. Times. Unsubscribe | Manage marketing email preferences | Terms of Service | Privacy Policy | Do Not Sell My Personal Information | CA Notice of Collection Advertisers have no control over editorial decisions or content. Place an ad or classified. Copyright © 2026, Los Angeles Times 2300 E. Imperial Highway, El Segundo, CA 90245 1-800-LA-TIMES latimes.com