Trump’s $100 Billion Venezuela Oil Plan Faces Exxon’s “Uninvestable” Verdict
President Trump has proposed a $100 billion investment in Venezuela’s oil industry, contingent on the removal of Nicolas Maduro. Despite the country’s vast oil reserves representing a tempting opportunity, oil executives expressed caution, citing concerns about investment due to past asset seizures. The US administration plans to manage oil sales and control the revenue, aiming to maintain leverage over the current government and ensure economic stability. While some firms are optimistic and ready to invest, analysts suggest that significantly boosting production will require substantial effort, indicating a cautious approach among potential investors.
John Q. Hosedrinker