By and large, it looks like Maduro's hold on the country would have to be very severely crippled by Trump's efforts before an invasion would elevate from often entertained personal fantasy mode to actual material realization.
First Trump presidency: John Bolton, National Security advisor at the time, published in a 2020 book, The Room Where It Happened, that Trump said that invading Venezuela would be "cool" because it is "really part of the United States". In his 2019 memoir, The Threat, former Deputy Director of the FBI, Andrew McCabe, quotes Trump as saying of Venezuela "That’s the country we should be going to war with, they have all that oil and they’re right on our back door.”
In June 2023, Trump said at a press conference in North Carolina, "When I left, Venezuela was about to collapse. We would have taken over it, we would have kept all that oil."
[...] Trump said on Fox News in May 2020 that "If we ever did anything with Venezuela", in that case, "it would be called 'invasion'", explaining: "if I wanted to go into Venezuela I wouldn't make a secret about it", and "I wouldn't send a small, little group, no, no, no. It would be called an army".
#Analysis: The Wall Street Journal reported that there were too few U.S. naval and air assets in the Caribbean as of October 2025 to carry out an invasion, and a military expert from Center for Strategic and International Studies said there were too few troops deployed by a factor of between 5 and 20.
International relations professor Stephen Kinzer compared the idea of invading Venezuela to arrest Nicolás Maduro on US drug trafficking charges to the actual 1989 United States invasion of Panama, in which it arrested Manuel Noriega on US drug trafficking charges. In September 2025, Kinzer warned against thinking such an operation would be as easy, given the US had many troops based in the Panama Canal Zone, and that Panama was a much smaller country with a smaller military. Both Maduro and Noriega attracted ire for anti-American stances, though Noriega had previously collaborated with the US Central Intelligence Agency and had been offered the option to quietly leave power.
Shannon K. O'Neil from the Council on Foreign Relations opined in 2018 that an American military intervention in Venezuela would "be a disaster". She assessed that the United States would need over 100,000 troops to invade the country and that American troops would have to deal with Venezuela's destroyed infrastructure, armed militias, local drug cartels, and the blame from international observers if they were unable to rebuild the nation.
Al Jazeera stated on 5 December 2025 that "what nearly all experts have ruled out is a ground invasion".