BREAKING NEWS : Allen County coroner identifies cyclist killed after being hit by car on Lima Road Full Story
BREAKING NEWS : Allen County coroner identifies downtown Washington Boulevard crash victim Full Story
BREAKING NEWS : Allen County coroner identifies Hawthorn Suites shooting victim Full Story

Maduro warns Trump not to ban Venezuelan oil

Venezuela's president has a message for President Trump: Don't do it.President Nicolas Maduro sharply warned T...

Posted: Feb 16, 2018 8:52 AM
Updated: Feb 16, 2018 8:53 AM

Venezuela's president has a message for President Trump: Don't do it.

President Nicolas Maduro sharply warned Trump on Thursday not to ban Venezuelan oil from the United States. Secretary of State Rex Tillerson said last week that the United States was considering a ban to pressure Maduro to adopt democratic reforms.

The oil embargo would be "one of the biggest mistakes in international politics that @realDonaldTrump would commit," Maduro tweeted Thursday after a press conference. He added: "The oil embargo is an illegal measure in light of international law, [and] an inconvenient measure in light of U.S. interests."

Experts say a U.S. ban would almost certainly choke off the South American nation's main source of income. Crude oil makes up about 95% of Venezuela's exports, and the government makes next to nothing domestically from taxes.

Related: Venezuela's oil production is plummeting

The Trump administration is considering the ban because Maduro's administration scheduled a presidential election on April 22 - without any competitors.

Maduro had blocked prominent opposition leaders from running, noting that they didn't participate in gubernatorial elections last year. Those elections, along with a critical vote in July that silenced the opposition, were dubbed fraudulent by world leaders. Trump and many others have labeled Maduro a dictator.

Trump has already imposed financial and individual sanctions on Venezuela and dozens of its leaders. But they haven't forced Maduro from office or forced him to govern more democratically.

Related: U.S. could ban imports of Venezuelan crude oil

Against that political backdrop, Venezuela is in an unprecedented economic and humanitarian crisis. The suffering of millions of Venezuelans is one reason the Trump administration has stopped short of an oil ban so far.

An oil embargo would certainly undercut Maduro's power, but experts say it would likely exacerbate widespread food and medical shortages. Venezuela uses what little income it makes on oil exports to help pay for food shipped into the country.

Another challenge: U.S. oil companies import lots of Venezuela's heavy crude oil and mix it with their lighter crude to make fuels and gasoline. Valero, Chevron and Citgo are the biggest U.S. importers of Venezuelan oil.

However, U.S. energy firms are already looking elsewhere. Oil exports from Venezuela to the United States were down 32% in the final three months of 2017 to the lowest level in a decade, according to Panjiva, a global trade research firm.

That trend comes as Venezuela's oil production is rapidly declining.

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 595436

Reported Deaths: 9466
CountyCasesDeaths
Marion822851311
Lake44626670
Allen32165543
Hamilton28684308
St. Joseph26917378
Elkhart24173343
Vanderburgh18856236
Tippecanoe17638125
Johnson14687289
Porter14513163
Hendricks14010242
Madison10715216
Vigo10540177
Clark10349135
Monroe9189108
Delaware8956134
LaPorte8867158
Howard7982140
Kosciusko791380
Warrick652994
Hancock646999
Bartholomew631096
Floyd6205107
Wayne5984159
Grant5874110
Dubois547175
Boone538867
Morgan524192
Henry497764
Marshall495384
Cass475362
Dearborn464545
Noble463157
Jackson417846
Shelby405680
Lawrence383876
Clinton367840
Gibson360058
DeKalb339163
Montgomery338152
Harrison333643
Knox329839
Miami312743
Steuben309343
Adams297435
Whitley297225
Wabash294947
Ripley294345
Putnam288047
Jasper285234
Huntington284959
White269138
Daviess263073
Jefferson253838
Decatur243482
Fayette242948
Greene237062
Posey234427
Wells231347
LaGrange225061
Clay219032
Scott218538
Randolph209845
Jennings193935
Sullivan189632
Spencer184319
Fountain180527
Washington179321
Starke172743
Jay163922
Fulton161130
Owen161137
Carroll153915
Orange152933
Rush151618
Perry149327
Vermillion145833
Franklin144433
Tipton129232
Parke12918
Pike114326
Blackford109222
Pulaski95337
Newton89821
Brown85931
Benton85310
Crawford7719
Martin70713
Warren6637
Switzerland6235
Union6146
Ohio4727
Unassigned0374

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 836049

Reported Deaths: 10323
CountyCasesDeaths
Franklin98533705
Cuyahoga831801065
Hamilton61931441
Montgomery42028399
Summit33849736
Lucas30524605
Butler30003228
Stark25093419
Warren19083140
Lorain18418212
Mahoning16931337
Lake15592136
Clermont15335105
Delaware1403077
Licking12819132
Trumbull12515307
Fairfield1232480
Greene11729135
Medina11286165
Clark10672264
Wood10081156
Allen9639126
Portage9006107
Miami895273
Richland8910116
Marion7377113
Tuscarawas7177174
Columbiana7164124
Pickaway710350
Wayne6855165
Muskingum678241
Erie5976118
Hancock542990
Ross535287
Scioto527063
Geauga491755
Darke459489
Ashtabula443172
Lawrence439353
Union437028
Sandusky427462
Mercer427387
Seneca417357
Auglaize416259
Huron416138
Shelby413521
Jefferson409066
Belmont403740
Washington375940
Putnam367872
Athens36759
Madison343429
Knox340122
Ashland336838
Fulton328543
Defiance322578
Crawford316371
Preble313836
Brown298819
Logan296529
Ottawa283934
Clinton281243
Williams272866
Highland266018
Jackson259043
Guernsey245325
Champaign244427
Fayette229729
Morrow22574
Perry223318
Holmes220362
Henry213547
Hardin206433
Coshocton199620
Van Wert198744
Wyandot192549
Gallia192126
Adams167415
Pike167417
Hocking165523
Carroll151316
Paulding141121
Noble118740
Meigs105021
Monroe97229
Harrison8598
Morgan79728
Vinton67613
Unassigned00
Fort Wayne
Partly Cloudy
29° wxIcon
Hi: 30° Lo: 23°
Feels Like: 17°
Angola
Partly Cloudy
28° wxIcon
Hi: 27° Lo: 21°
Feels Like: 15°
Huntington
Partly Cloudy
29° wxIcon
Hi: 31° Lo: 23°
Feels Like: 20°
Fort Wayne
Partly Cloudy
29° wxIcon
Hi: 30° Lo: 24°
Feels Like: 17°
Lima
Partly Cloudy
30° wxIcon
Hi: 30° Lo: 23°
Feels Like: 19°
Sunshine, Warmer Thursday
WFFT Radar
WFFT Temperatures
WFFT National

Community Events