The U.S. strategy towards Venezuela involves controlling oil sales and dollar revenues under strict conditions, as explained by economist Ricardo Hausmann. Venezuela can deliver oil to the U.S., which sells it and controls the proceeds. This arrangement provides temporary relief but does not address structural economic issues. Venezuela is experiencing 'de facto dollarisation' due to hyperinflation, with most transactions occurring in dollars, yet it lacks a functioning financial system. Hausmann emphasizes that without restoring basic rights and infrastructure, the inflow of dollars won't lead to sustainable growth.