Today’s White House meeting with President Trump and America’s leading oil companies is another important step in the process that began last weekend when narco-terrorist and gun runner Nicolas Maduro and his communist wife were forcibly removed with an extraordinary military action that tossed them finally into a Brooklyn, New York jail. 

Oh, and let me never forget Senator Chuck Schumer and Congressman Hakeem Jeffries are from Brooklyn, right? 

I prefer to call all this the Trump Corollary to the Monroe Doctrine, which forbids outsiders from exercising any significant influence in the Western hemisphere. And I will add, as I have over the past 10 days, that Mr. Trump’s brilliant actions are bending the curve of history to stop the march of communism that was taking place in the Americas. 

Noteworthy in today’s meeting, by the way, President Trump said that Communist China and Russia can, indeed, buy oil from Venezuela, but they have to go through the United States to execute the trade and I assume we’ll charge them market prices, not the deep discounts that Venezuela offered their fellow communists. 

Every drop of oil coming out of Venezuela is now controlled by the United States. Russian tankers being stopped left and right off the Venezuelan coast, very important. Venezuela has already put up a 30 million barrel tranche, which would probably rise to 50 million, then 100 million, and those oil sales will be going into some kind of White House-run fund, where the president, Secretary of State Marco Rubio, and others, will decide on disbursements. 

Yet the money and the oil will be controlled now by America. Venezuela will be purchasing only American-made products, like American agriculture and medicines, medical devices, and a multitude of electric grid and energy facility equipment, according to Mr. Trump’s Truth Social.

Now so far, the acting president, Delcy Rodriguez, and her brother Jorge Rodriguez, who runs the National Assembly, who are two hardcore Chavistas, have been behaving themselves. It is an iffy story, though, and the oil company executives are all concerned about the stability of the government as they ponder their new investments. 

They want to help Mr. Trump. They want to be patriotic here. They know how important the stakes are. They can make money at $50 a barrel, incidentally, which is Mr. Trump’s target. Yet to quote the president himself, the transition to any sort of democracy must be stable. Proper and judicious.

The oil executives want to know the rules of the game and the overall security picture. Chevron’s got the biggest stake and they could move  as much as 200,000 barrels a day, which would be up from about 50,000 barrels a day a couple of years ago. So they could do that. Overall. With the state-run company and the private oil firms, maybe you could squeeze a million barrels or two million barrels per day, up from something like 800,000 barrels a day. 

Yet this whole story is about much more than just oil. After all, oil is gonna take care of itself. It’s really, in my view, about kicking Russia and China out of our hemisphere. It’s about choking off Cuba once and for all. 

And it’s even about the potential downfall of the Iranian mullahs as the protests in Tehran intensify. Let me say this again. Mr. Trump is bending the arc of history toward freedom. Freedom. That’s what this is really about. 

From Mr. Kudlow’s broadcast on Fox Business Network.