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.
Not to mention there’s a solid chance the next president will basically dedicate their career to undoing Trump’s BS, so there’s no guarantee you’ll get more than a few years of revenue.
And don’t forget half the time Trump undoes his own purported industrial policy.
With the tariffs he was so inconsistent and capricious, that nobody could rely on having an edge over foreign competition long term and so nobody would dare to invest in manufacturing in the USA. If he felt like it he just cut them off from their essential foreign inputs too. Not to mention how he threatened pulling back the CHIPS Act subsidies from Intel, or how he raided Hyundai.
A month from now:
I’m working on this horrible Venezuela situation that BIDEN left me with. Such a waste of American resources but I’m going to pull that back to make America great again.
Even if Trump hangs around as a dictator there’s still no point investing in Venezuela. It’s not as if there is even a global oil shortage so why would you want to build more infrastructure.
Trump is looking at fighting a war in Venezuela, Greenland and at home. How could anybody possibly think this regime is ever going to be anything near stable?
I’ve played enough Battlefield to know that a war in a oil field is nothing at short of spectacular.
If we have another election at all
Holy crap, did you invent this idea? I’ve never heard anyone say anything like this before.
Holy crap, did you invent sarcasm? I’ve never heard anybody say anything like this before.
Judging from the anger over ICE and anti-american administration if Trump tries to stop the election there will be riots and strikes.
I lost count of the many “if x happens we’ll act” excuses…
I have yet to see any evidence that Trump doing anything would cause riots and strikes. The American people are too pacified to defend themselves.
We’ve already had a few riots.
Technically we’ve also had Jan 6th, but I know that’s not what you mean.
You think Trump is immortal?
It’s nice to be hopeful. I’m not holding my breath though.
“now is a time for healing so we are going to hold no one accountable and in a few years when the fascist are back we can do this again”