US EditionTrump to Meet Oil Companies at White House About Venezuela
Trump administration plans to sell 30 to 50 million barrels of Venezuelan oil under U.S. control and seeks billions in investment to restore production, Energy Secretary Wright said.
- On Jan. 9, President Donald Trump will meet U.S. oil executives at the White House to discuss rebuilding Venezuela's oil industry, with Trump saying, `We built Venezuela oil industry with American talent, drive and skill.`
- After U.S. forces captured Nicolás Maduro on Jan. 3 and his Jan. 5 court appearance, Delcy Rodríguez was sworn in as interim Venezuelan president amid renewed U.S. government focus on the country’s oil resources.
- At a Jan. 7 Miami appearance, Chris Wright outlined a plan to sell Venezuelan crude, starting with oil in onshore and offshore storage, and stated `We’re going to market the crude coming out of Venezuela...`
- The administration will sell Venezuelan crude to U.S. refineries and global buyers, depositing proceeds into U.S. government accounts, and President Donald Trump said the U.S. will sell between 30 and 50 million barrels.
- Venezuela's battered oil infrastructure and 2024 output near 900,000 barrels per day mean recovery may cost nearly $30 billion, with Evanan Romero estimating at least $15 billion–$20 billion amid legal hurdles for major U.S. oil companies.
18 Articles
18 Articles
What oil companies need before tapping Venezuela’s reserves
President Trump hosted a group of oil executives at the White House and outlined his plan for American companies to exploit Venezuelan resources. Venezuela sits on more oil than any nation on the planet, but produces just 1% of the global supply. Amna Nawaz discussed more with Bob McNally, the founder of Rapidan Energy Group and a former energy advisor to President George W. Bush.
TVA Nouvelles
Connaissance des ÉnergiesUS oil companies already connected with Venezuela should take advantage of Donald Trump's plan.
Repsol is part of a group of about twelve oil companies invited this Friday to a meeting with the President of the United States, Donald Trump, at the White House to address plans to revive oil production in Venezuela.Continue reading...
Letter: Let them eat oil!
President Trump’s belief that “oil in the ground is a precious asset is decades out of date,” according to Pulitzer-prize winning economist Paul Krugman. Currently, fracking keeps oil prices relatively low at approximately $62 a barrel. This wouldn’t be high enough in the Orinoco Belt in Venezuela where the estimated breakeven point is $80 and most oil companies going in would lose money. Trump’s floating the idea that essentially the American t…
Daily Show: Trump Admits It's All About The Oil!
On Monday,The Daily Show's Jon Stewart reverted back to form and forcefully mocked the lies put forth by Trump over his invasion of Venezuela, which was all about the oil. Since the airing of this program, Trump has made more statements about the kidnapping of Maduro and admitted it was all about their resources, but initially the Trump administration was claiming it was a law enforcement endeavor to bring a dangerous criminal justice. As you wa…
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