You'd have to capture Venezuela and install American or Saudi oil companies to make it work. The Venezuelan petro infrastructure is in complete disarray. Active rigs in that country hit zero and production was near zero at the end of 2020.

Anyway, pumping out Venezuela is the worst idea imaginable. That carbon needs to stay in the ground. If you want to stick it to the Russians, deploy a national workforce installing solar panels all over Germany and Italy, then dynamite the Russian gas pipelines.

Dynamite them now. You could heat all of Europe with a yatch tax