This is especially true now, in my opinion, since there is a small likelihood of China invading Taiwan in the near term with some estimates predicting a 10-35% likelihood by 2027-2028. Longer term, the likelihood increases, but that's just my opinion.
If this is the case, however, the US economy can survive the loss of ~$180B annual Taiwan trade ties, but with "severe" recession; GDP down ~7% in conflict scenario. It would be chaos in the US, so a stable region, is paramount for survival and economic growth.
With that being said, Venezuela's 303B barrel reserves could boost US energy security via increased production (potentially 2-3M bpd), lowering oil prices, but effects delayed years.
Basically, even if sanctions lifted and investment resumed immediately, significantly increasing Venezuela's oil production (to meaningfully impact global/US supply and prices) would take 3–10+ years due to:
-Infrastructure decay -Need for massive new investment -Technical/logistical rebuilding -Contract/legal negotiations
Short-term relief would be minimal.
In my view, it would take more than Venezuelan oil to be able to counter a protracted economic war with China over the loss of ~$180B annual Taiwan trade ties but stabilizing the region could help strengthen the West's position.
I would not bank much on this humble AIs opinion :)