this post was submitted on 10 Jan 2026
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Donald Trump has asked for at least $100bn (£75bn) in oil industry spending for Venezuela, but received a lukewarm response at the White House as one executive warned the South American country was currently "uninvestable".

Bosses of the biggest US oil firms who attended the meeting acknowledged that Venezuela, sitting on vast energy reserves, represented an enticing opportunity.

But they said significant changes would be needed to make the region an attractive investment. No major financial commitments were immediately forthcoming.

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[–] ScrambledEggs@lazysoci.al 6 points 3 months ago (2 children)
[–] mrnobody@reddthat.com 4 points 3 months ago

$98b for a finders fee lol

[–] JoMiran@lemmy.ml 1 points 3 months ago
[–] theuniqueone@lemmy.dbzer0.com 5 points 3 months ago (1 children)

Yep the oil in Venezuela is not high grade so it's not profitable in the short term even if long term control is important for oil based business.

[–] tempest@lemmy.ca 1 points 3 months ago

How is Dorito Benito going to stop the Venezuelans from taking every thing back the minute it's convenient. He would have to put boots on the ground.

[–] phoenixz@lemmy.ca 5 points 3 months ago

That just about sums up this administration, doesn't it?

Pedopresident needs a diversion, invades a country and murders some civilians, then needs to beg oil execs who never asked nor wanted any of this and now have to deal with his shit

You'd almost start feeling bad for the oil execs. Almost, but not.

[–] UnspecificGravity@piefed.social 4 points 3 months ago

No corporation in their right mind is going invest the kind of money into anything involving Trump.

[–] Adderbox76@lemmy.ca 4 points 3 months ago (1 children)

So, correct me if I'm wrong, but is anyone else thinking that the entire end-goal of this is to have the Venuzuela money handled directly by his administration so that he can keep his shit going when Congress finally (hopefully) cuts his purse strings?

The one thing that the government hasn't been able to change is the fact that Congress controls the money, not him. Seems to me that Venuzuela Oil is his play at getting a private fund without them.

[–] Doomsider@lemmy.world 0 points 3 months ago* (last edited 3 months ago)

It is pretty crazy, he cut himself a $230 million dollar check that he said the government owed him and didn't even have to report it. He has unilaterally given foreign governments billions of dollars and bribed US interests with billions as well. He also seems to think the hundreds of billions of tariff money is his to do what he pleases with as well.

Truly this administration has broken so many laws, ethics, norms, etc. that they will go down in history as the most corrupt and criminal administration of all time.

Edit: obligatory so far

[–] phutatorius@lemmy.zip 3 points 3 months ago

Exxon is just holding out for more taxpayer money as a sweetener.

[–] Doomsider@lemmy.world 2 points 3 months ago

So he lied about having oil companies on board with all this. I think this is perhaps better as originally it seemed like he went around Congress and conspired with oil companies to invade Venezuela.

Who knows anymore though. This could just be oil companies covering their ass in case there was some truth to them having foreknowledge of the invasion.

[–] borQue@lemmy.zip 1 points 3 months ago

must we pull his finger? I think already there's enough shit coming out of him

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