Since its first mass protest in 2016, Venezuela has been in a state of crisis, facing public protest, inflation rates, and diminishing access to basic necessities. Many of these issues can be tied to the decline of Venezuela’s once successful oil industry, which had created an economic-bubble until recent years. This paper uncovers the historical context of the issues faced by Venezuela’s oil industry and analyzes the role the United States has played in promoting its own influence within it. Furthermore, this paper examines the specific methods the United States has used to assert this influence and the motives and incentives it has in doing so.