US President Donald Trump has assured oil executives that they will enjoy "total safety" if they invest in Venezuela after the ouster of long-time leader Nicolás Maduro, according to a meeting held at the White House on Friday. In an effort to boost investment in the South American country's massive oil reserves, Trump believes the US can provide a secure and stable environment for energy companies.
Trump pointed out that big oil companies will invest around $100 billion to tap into Venezuela's petroleum resources, but he emphasized that these investments would be made directly by private companies, not through government funding. He stressed that his administration is committed to protecting oil executives from any risks associated with investing in the volatile country.
However, some executives expressed concerns about investing in Venezuela due to ongoing political uncertainty and the risk of asset seizures. Darren Woods, CEO of ExxonMobil, stated that significant changes need to be made to the commercial frameworks in place today in Venezuela to make it investable.
The Trump administration has been taking bold steps to control the exporting, refining, and production of Venezuelan petroleum since seizing tankers carrying oil last month. This move reflects the administration's desire to secure long-term involvement in the sector as part of its broader strategy to bring down gasoline prices.
At least 100 Billion Dollars will be invested by BIG OIL all of whom I will be meeting with today at The White House," Trump said Friday in a pre-dawn social media post.
Trump also announced that he would meet with President Gustavo Petro in early February, as part of efforts to strengthen ties between the US and Colombia.
Trump pointed out that big oil companies will invest around $100 billion to tap into Venezuela's petroleum resources, but he emphasized that these investments would be made directly by private companies, not through government funding. He stressed that his administration is committed to protecting oil executives from any risks associated with investing in the volatile country.
However, some executives expressed concerns about investing in Venezuela due to ongoing political uncertainty and the risk of asset seizures. Darren Woods, CEO of ExxonMobil, stated that significant changes need to be made to the commercial frameworks in place today in Venezuela to make it investable.
The Trump administration has been taking bold steps to control the exporting, refining, and production of Venezuelan petroleum since seizing tankers carrying oil last month. This move reflects the administration's desire to secure long-term involvement in the sector as part of its broader strategy to bring down gasoline prices.
At least 100 Billion Dollars will be invested by BIG OIL all of whom I will be meeting with today at The White House," Trump said Friday in a pre-dawn social media post.
Trump also announced that he would meet with President Gustavo Petro in early February, as part of efforts to strengthen ties between the US and Colombia.
This whole thing smells like an economic bait-and-switch to me 
. I mean, sure, Venezuela's got massive oil reserves, but have we really considered the long-term risks? 
We're talking about a country with a history of hyperinflation, corruption, and authoritarian rule... it's not exactly a stable investment environment 
. And what's with Trump saying these investments will be made by private companies, not through government funding? 
.
Like who exactly is going to make those changes? The Trump administration? 
Or are they just hoping some magic happens? 
And what about asset seizures? Are we really willing to risk our investments for a chance at Venezuela's oil? 
some ppl r worried about political uncertainty and asset seizures tho idk man. needs more stability 
And what about the safety concerns? My kid went to school yesterday and saw a news report about protests in Caracas, it's getting really scary over there. I just hope Trump is being realistic about all this... 
, apparently they're talking about a 100 billion dollar investment in venezuela's oil reserves 
. needs significant changes to the commercial frameworks before they'll consider putting their money down 
. not sure what trump thinks he can promise these execs with regards to safety and security... 
just read about trump saying big oil companies will invest 100 billion in venezuela 
. Like, how can you guarantee that kind of thing in a country with so much uncertainty?
like, $100 billion is a lot of cash 
second, if big oil companies start investing, that means they're gonna be at risk of asset seizures too? 
I mean, it doesn't make sense to invest in a place where you can lose your money easily 
. we've seen how that works out before... but at the same time, I get why they wanna tap into those resources - need the cash 
. can't say I'm optimistic about this whole deal, but hey, we'll see how it plays out 
.
. I just hope that whatever deals get made, they're fair and transparent for everyone involved 
. But seriously, how do we even ensure that the money isn't just gonna get seized or something? 
. I don't want to be a know-it-all, but it all seems a bit sketchy to me... 
. Big oil companies are gonna invest $100 billion, but if they can't guarantee their assets won't get seized, what's the point? 
. We don't wanna create a situation where our oil companies are just gonna sit on their hands, waiting for the next political storm to pass 
. The commercial frameworks in place need a serious overhaul 
. And what's up with Trump making this big announcement without talking to all stakeholders? 
. I just hope we don't create a situation that'll come back to haunt us later 