Trump says oil majors primed to invest in rebuilding infrastructure following Maduro ouster
US oil giants have so far remained silent on Donald Trump’s claim that they are primed to spend “billions and billions of dollars” rebuilding the Venezuelan oil industry following the ouster of Nicolás Maduro.
Chevron, the only US oil company still operating in Venezuela, committed only to following “relevant laws and regulations” after the Trump suggested American energy multinationals would be central to his plans for the country.
Venezuela’s vast oil reserves – reputedly the world’s largest – will be modernized and exploited, Trump claimed in interviews and a press conference at his Mar-a-Lago estate. US oil firms will invest heavily to reconstruct “rotted” infrastructure, ramp up production and sell “large amounts … to other countries”, he told reporters, adding: “We’re in the oil business.”
US oil giants have so far remained silent on Donald Trump’s claim that they are primed to spend “billions and billions of dollars” rebuilding the Venezuelan oil industry following the ouster of Nicolás Maduro
Yeah because they have absolutely no intention of spending that money. If anyone is going to pay to rebuild Venezuela’s oil infrastructure, it’s going to be US tax payers.
They are publicly silent. Through back channels they are grabbing up land and assets like that fat kids from Matilda
They’re doing the same thing with Gaza. Public silence but in the background bidding for contracts on Trump’s Riviera plan
IDK… They have plenty of untapped wells in the US. The price is just too low to make it make sense… Why spend billions in investment when OPEC could up production and put them in the red for years?
Why are you putting any faith in companies and people that know no limits to their greed and quest for power… The price is low now because Trump’s been working with them so he can say the affordability crisis is a hoax. He’s been depleting our federal oil reserves and needs to replace that oil. https://www.detroitnews.com/story/news/world/2026/01/04/u-s-oil-companies-seeking-to-invest-in-venezuela-face-significant-obstacles/88017745007/?gnt-cfr=1&gca-cat=pp&gca-ds=override
I put zero faith in them to do anything but chase profit… The math doesn’t math here, they could much more cheaply crank up US production than build new infrastructure
As more news comes out it’s obvious the oil companies had a hand in this.
https://www.commondreams.org/news/trump-says-oil-companies-tipped-off-venezuela
From your source
Despite Trump’s remarks, oil industry experts have said it’s not nearly so clear-cut that oil majors in the US will want to re-enter the Venezuela oil market—or be tasked with funding a significant rebuild of the nation’s oil infrastructure—given the political uncertainty unleashed by Trump’s unlawful military operation and the kidnapping of Venezuela President Nicolas Maduro.
“The issue is not just that the infrastructure is in bad shape, but it’s mostly about how do you get foreign companies to start pouring money in before they have a clear perspective on the political stability, the contract situation, and the like,” Francisco Monaldi, director of the Latin American energy program at Rice University, told NPR.
Yes, he tipped off oil companies first… That doesn’t mean they were interested. This was Trump (aka Rubio’s Trump-friendly pitch) idea. That doesn’t mean they have any interest… We have so much already tapped oil wells that we’re not pumping because prices are so low
I’m sure in Trump’s head, were about to get all sorts of oil. In reality, it just doesn’t math out
They’re going to do both. Take all the oil and money from both nations. The math works if you consider how much of the raw fossil fuels the US controls. Now add in Greenland and we’d single handedly become the largest raw resource holder in the world.
Imagine if this makes oil too expensive world wide and it makes EVs more popular
Oh shit, the dumbass said the quiet part out loud again. 🤦♂️
— Oil cartels.
The quiet part is they want to spend as little as possible for as much oil as possible.
It is the reason Maduro got kidnapend in the first place.
On the very slim chance any of you are shareholders to one of these companies you can always write to the CEO and board warning them that you don’t want your investment put at risk by taking part in what could be a decades-long Insurgency. That you would consider that a violation of their fiduciary responsibilities by putting your shares at risk of major unnecessary losses. Certainly can’t hurt.
This whole thing has been so absurd. Trump obviously has no message discipline so he blurts out whatever nonsense he thinks of on the spot. For oil companies to actually control Venezuelan oil infrastructure, they would need a US ground invasion first. Hundreds of thousands of troops. There is no such buildup at present and I don’t really think Trump has the buy-in to make that move despite how culturally sick the US current is .
I wonder if there are any investors in oil companies on Lemmy at all tbh
Like I’ve got a decent portfolio of investments, but I will never directly invest in oil (or military). Given the demographics here, I wonder if I’m a pretty typical investor or not
No that’s typical. The vast majority of investors do, or at least should, invest in ETFs and mutual funds instead of individual stocks. And on Lemmy, most people would not choose one of those companies.
I probably have money invested in them because I haven’t evaluated moving my investments into activist funds.
While all ESG funds are imperfect (they almost all invest in tech bro corporations), I can at least suggest Vanguard’s ESGV fund, which is almost entirely devoid of fossil fuel companies, as verified by Fossilfreefunds.org (they’re down rn, unfortunately).
It’s nearly impossible in Canada to have investments in an ETF without oil exposure. I still have money in VGRO for instance.
All my investments in energy and utilities are in renewable sector. It’s been doing well so far, if I do say so myself. To my knowledge, the companies I invested in are pretty ethical. I mean, green renewables are seen as the saviour and good guys industry compared to oil and gas.
Same
lol regular people with 401k’s don’t have any power when there’s trillionaires and billionaires walking around
They don’t give a shit about “widows and orphans” investors (actual term).
But these are Americans were talking about here. The majority of them thought it a good idea to either vote the orange rapist into office, or sit it out in smug virtue signaling. They didn’t vote, so i guess the best they can do now is protest.
Times are tough, they will need some “grants” and “tax deferments” and so on; they will also need to charge the USA exorbitantly. They only make record profits every quarter, have a heart.
Spend? More like extract
Spend billions, extract trillions.
Silent is not the same as a company in the public spotlight making image damaging noises. They will carefully measure the best result for shareholders.
Trump is going to be out of office at some point. If they publicly announced what they actually thought about this situation would guarantee catastrophic PR internationally. But I have no doubt they are pro trump on this nonsense.
Venezuela didn’t steal anything from the US. Our contracts were up and Venezuelan’s decided to nationalize outside of the one company that offered a fair renewal of the contract.
Yeah, but imaginary WMDs didn’t stop them before… and no consequences back then, either.
Let’s imagine all of this was above board (it’s a lot of effort, I know), who the fuck is “we?” Those companies going to start paying for shit all of a sudden?
They call an armed incursion and kidnapping an ouster now?
So. Where is NATO in all of this??
In the north atlantic?
Venezuela isn’t a NATO member?
But the US is. They’re cool wit one of their members devalue war on a nation for no reason??
NATO is a mutual defense organization, not a member accountability organization. There’s nothing in the rules about member states not attacking non-member states.
I could have sworn things like that had to be justified in some way. Guess I was wrong. Thanks for the info.
Yes?
NATO’s essential and enduring purpose is to safeguard the freedom and security of all its members. It does this through political and military means, ensuring the collective defence of all Allies, against all threats, from all directions.
Nothing about policing the actions of its members.
Waiting for Daddy to call them.
