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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[–] TrickDacy@lemmy.world 69 points 1 day ago (5 children)

So basically, it looks like he committed an international crime for oil and then won't even get the oil. No one should be surprised, I guess. Incompetence is the only constant.

[–] echodot@feddit.uk 5 points 19 hours ago

I'm starting to see how he managed to bankrupt the casino. It's because he won't stop committing pointless crimes that don't in fact benefit him in any way.

[–] SoloCritical@lemmy.world 26 points 1 day ago (1 children)

This actually sounds more like they want American troops to turn Venezuela into not-Venezuela.. THEN they would feel safe investing.

[–] NotMyOldRedditName@lemmy.world 6 points 1 day ago* (last edited 1 day ago)

Trump puts troops in Venezuela.

Oil execs: ya know, it's mighty difficult to ensure security using only boats, it'd be better if we were in control all the way from the US via land.

[–] grue@lemmy.world 18 points 1 day ago

The oil execs are saying it's "uninvestable" precisely because they know how incompetent Trump is.

[–] WanderingThoughts@europe.pub 5 points 1 day ago

I figured it would take a few months before the incompetence would be plain as day and ruin everything, not just one week.

[–] TrippingBalls@lemmy.world 1 points 1 day ago

Bailout time... Trump will give them the money to invest and make them whole from previous losses

You know damn well big oil put him up to this.

It's smoke and mirrors