Trump Suggests Taxpayer Reimbursement for Oil Firms Investing in Venezuela
President Trump suggested US taxpayers could reimburse energy companies for repairing Venezuelan oil infrastructure, anticipating significant investment after a potential leadership change. The US energy secretary is slated to meet with representatives from Chevron, ConocoPhillips, and ExxonMobil to discuss increasing Venezuelan production. These meetings are crucial to the administration’s goals of boosting exports, however, the three biggest US oil companies have yet to discuss the removal of Maduro with the administration. Despite the lack of prior communication, the White House believes the US oil industry is prepared to invest in rebuilding Venezuela’s oil infrastructure.
John Q. Hosedrinker