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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[–] ZoteTheMighty@lemmy.zip 80 points 2 days ago (4 children)

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.

[–] echodot@feddit.uk 10 points 1 day ago (1 children)

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.

[–] bbboi@feddit.uk 4 points 1 day ago (1 children)

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?

[–] echodot@feddit.uk 2 points 1 day ago* (last edited 1 day ago)

I've played enough Battlefield to know that a war in a oil field is nothing at short of spectacular.

[–] Kazumara@discuss.tchncs.de 5 points 1 day ago* (last edited 1 day ago) (1 children)

the next president will basically dedicate their career to undoing Trump’s BS

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.

[–] jj4211@lemmy.world 4 points 1 day ago

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.

[–] drdalek@lemmy.dbzer0.com 24 points 2 days ago (3 children)

If we have another election at all

[–] ChicoSuave@lemmy.world 15 points 2 days ago (3 children)

Judging from the anger over ICE and anti-american administration if Trump tries to stop the election there will be riots and strikes.

[–] Jhex@lemmy.world 32 points 2 days ago (1 children)

I lost count of the many "if x happens we'll act" excuses…

[–] Aussiemandeus@aussie.zone 12 points 1 day ago

Yeah America is a laughing stock around my local pub table.

[–] Typhoon@lemmy.ca 21 points 2 days ago (1 children)

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.

[–] frongt@lemmy.zip 4 points 2 days ago

We've already had a few riots.

Technically we've also had Jan 6th, but I know that's not what you mean.

[–] curbstickle@anarchist.nexus 12 points 2 days ago

Unfortunately that doesnt change what @drdalek@lemmy.dbzer0.com is concerned about, specifically when we take the executive order that marks nonexistent organizations and basic political beliefs as "terrorist organizations".

Which can be applied to both groups. So it comes down to the response to that - and we know how ICE is being used and how they are trying to use the NG.

My fear is that this is going to get extremely bloody. Elections won't matter at that point, even if they were held.

[–] FaceDeer@fedia.io -1 points 2 days ago

You think Trump is immortal?

[–] CompactFlax@discuss.tchncs.de 3 points 2 days ago (1 children)

It’s nice to be hopeful. I’m not holding my breath though.

[–] tempest@lemmy.ca 6 points 2 days ago

"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"