The United States is increasingly focused on securing its supply chains for critical minerals and oil, driven in part by concerns over China's dominance in the mineral sector, according to oil industry expert Daniel Yergin. Yergin, speaking in an interview published January 18, 2026, highlighted the strategic importance of minerals like copper, essential for electrification, data centers, robotics, cellphones, and defense technology.

Yergin argued that this desire for supply chain independence is influencing U.S. foreign policy decisions, though he noted that specific motivations behind actions in regions like Venezuela and Greenland remain complex. The U.S. is reportedly seeking to diversify its sources of oil and minerals, potentially impacting relationships with countries like Venezuela, Greenland, Iran, and Russia.

The push for resource control reflects a broader geopolitical competition, with the U.S. aiming to reduce its reliance on China for vital materials. This strategy involves exploring opportunities to develop domestic mineral resources and establishing partnerships with other nations to ensure a stable and secure supply.

While the Trump administration's specific policies regarding Venezuela and Greenland have been subject to varied interpretations, Yergin suggests that the underlying objective of securing resource independence is a significant factor. The administration has faced criticism for its approach to Venezuela, with some arguing that sanctions have exacerbated the humanitarian crisis, while others maintain that pressure is necessary to promote democratic change. Similarly, the possibility of U.S. involvement in Greenland's mineral resources has raised questions about sovereignty and environmental concerns.

The U.S. government has taken steps to encourage domestic mining and processing of critical minerals, including streamlining permitting processes and providing financial incentives. These efforts aim to reduce dependence on foreign sources and create jobs in the U.S. mining sector.

The situation remains fluid, with ongoing negotiations and policy adjustments shaping the future of U.S. resource strategy. The extent to which minerals and oil drive U.S. foreign policy will likely depend on evolving geopolitical dynamics and technological advancements in resource extraction and processing.