US President Donald Trump proposed a massive $100 billion investment in Venezuela's struggling energy sector, touting it as a means to lower global oil prices and ease costs for American consumers. However, top executives from major oil companies expressed deep skepticism about injecting such substantial capital into the country, citing unprofitability and government instability.
Several prominent energy giants have suffered significant losses in previous Venezuelan ventures, including Exxon Mobil, which saw its share price plummet due to Venezuela's economic crisis. The company's CEO, Darren Woods, stated that re-entering Venezuela a third time would require "significant changes" in the commercial frameworks and the country's legal system, making it currently "uninvestible."
When asked about the proposed plan, Trump claimed that oil companies "know the risks," but offered few assurances on how to prevent potential losses if the situation in Venezuela becomes unstable. He emphasized that his proposal envisions top executives from major oil companies spending at least $100 billion of their own money to boost Venezuelan oil production and drive down global prices to around $50 per barrel.
Trump also promised "total safety" and "total security" for oil workers in Venezuela, but these guarantees were woefully lacking in specifics. The plan would see revenue from the sale of Venezuelan oil routed into accounts controlled by the US government, with Trump asserting that this would allow the US to maintain control over Venezuela's government for an extended period.
The proposal has been met with criticism from international allies and election experts, who accuse Trump of interfering in Venezuela's affairs. The United Nations, along with other countries, have voiced concerns about Trump's stated goals, which some see as a thinly veiled attempt to gain influence over the country's oil reserves.
In a bizarre aside, Trump also discussed the possibility of acquiring Greenland from Denmark, warning that China or Russia would move in if the US doesn't act. This move could potentially threaten the existence of the North Atlantic Treaty Organization and upend the post-World War II security arrangement for Western nations.
Several prominent energy giants have suffered significant losses in previous Venezuelan ventures, including Exxon Mobil, which saw its share price plummet due to Venezuela's economic crisis. The company's CEO, Darren Woods, stated that re-entering Venezuela a third time would require "significant changes" in the commercial frameworks and the country's legal system, making it currently "uninvestible."
When asked about the proposed plan, Trump claimed that oil companies "know the risks," but offered few assurances on how to prevent potential losses if the situation in Venezuela becomes unstable. He emphasized that his proposal envisions top executives from major oil companies spending at least $100 billion of their own money to boost Venezuelan oil production and drive down global prices to around $50 per barrel.
Trump also promised "total safety" and "total security" for oil workers in Venezuela, but these guarantees were woefully lacking in specifics. The plan would see revenue from the sale of Venezuelan oil routed into accounts controlled by the US government, with Trump asserting that this would allow the US to maintain control over Venezuela's government for an extended period.
The proposal has been met with criticism from international allies and election experts, who accuse Trump of interfering in Venezuela's affairs. The United Nations, along with other countries, have voiced concerns about Trump's stated goals, which some see as a thinly veiled attempt to gain influence over the country's oil reserves.
In a bizarre aside, Trump also discussed the possibility of acquiring Greenland from Denmark, warning that China or Russia would move in if the US doesn't act. This move could potentially threaten the existence of the North Atlantic Treaty Organization and upend the post-World War II security arrangement for Western nations.
. Like, Trump's expecting oil companies to just put their own money on the line without any guarantees that they'll see a return? That's crazy talk! 
And what about the stability issues in Venezuela? It's not like he's got a plan B or C... it's all just "trust me" and "I know what I'm doing". 
The fact that he's trying to control Venezuela's government through the oil money is straight-up problematic. We shouldn't be playing puppet master with another country's resources. 
And what about the risks of China or Russia swooping in? It sounds like Trump's just trying to flex his muscles and show off... not exactly a recipe for success 
Like, what about his own country's problems?! 
And those major oil companies are all like "Nah, bruv, we ain't investing" 
. It's like he thinks they're just made of money or something 
Like, that's not how it works, mate! 
Trump's all about the Benjamins, not about actually helping the Venezuelan people 
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. I mean, come on, doesn't he know that major oil companies are already done with Venezuela? Exxon Mobil is like, "nope, not interested" 
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. Like, who does he think is going to voluntarily invest $100 billion in Venezuela with all its issues? It's a recipe for disaster. And what exactly do we get out of it? A promise from Trump that oil companies will "know the risks"? Give me a break 
It's just another ego-driven power grab by Trump. And let's not forget the potential consequences for global security – who wants to mess with that? 
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That's like a real-life game of Risk 
. The whole thing feels super volatile and unpredictable 
, but this plan seems like a hot mess 
The UN is right to be skeptical about this whole thing – it's bordering on interference in Venezuela's internal affairs 
. Anyway, I think this whole thing needs a serious reformatting and fact-checking before we can even discuss it 
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Exxon Mobil already had some major losses in Venezuela, so I don't think they're just gonna roll over and start investing again. Trump needs to provide way more concrete plans on how this is gonna go down 
And what's with the bit about securing Greenland? Like, isn't that a whole different continent 
️ Can we just focus on solving energy issues for real instead of getting all geopolitical?
$100 billion sounds like a huge gamble to me. I mean, we all know how well that's worked out for Exxon Mobil in the past 
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Trump just wants to control Venezuela's oil reserves, but that's not how it works. International experts are right to question this move – it feels like interference at its finest 
This guy's got some serious issues with diplomacy...
. Let's be real, who needs a stable government or functional economy when you've got oil rigs to exploit? Trump's plan is all about lining his own pockets and securing American consumers' gas prices, but what about the long game? Venezuela's got some of the most valuable reserves in the world, and whoever controls that oil control gets the whole region 
. Trump's all talk and no action as usual. I'm worried this whole thing is just another attempt to exert US influence over Venezuela, but in a way that could harm the country and its people