this post was submitted on 04 Jan 2026
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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.”

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[–] nova_ad_vitum@lemmy.ca 1 points 2 months ago

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 .