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US oil giants silent on Trump claim they will spend billions on Venezuelan oil industry (www.theguardian.com)

submitted 6 days ago by MicroWave@lemmy.world to c/news@lemmy.world

40 comments fedilink hide all child comments

Trump says oil majors primed to invest in rebuilding infrastructure following Maduro ouster

US oil giants have so far remained silent on Donald Trump’s claim that they are primed to spend “billions and billions of dollars” rebuilding the Venezuelan oil industry following the ouster of Nicolás Maduro.

Chevron, the only US oil company still operating in Venezuela, committed only to following “relevant laws and regulations” after the Trump suggested American energy multinationals would be central to his plans for the country.

Venezuela’s vast oil reserves – reputedly the world’s largest – will be modernized and exploited, Trump claimed in interviews and a press conference at his Mar-a-Lago estate. US oil firms will invest heavily to reconstruct “rotted” infrastructure, ramp up production and sell “large amounts … to other countries”, he told reporters, adding: “We’re in the oil business.”

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[–] atzanteol@sh.itjust.works 7 points 6 days ago (1 children)

Venezuela isn't a NATO member?

[–] Rhoeri@piefed.world 0 points 6 days ago (2 children)

But the US is. They’re cool wit one of their members devalue war on a nation for no reason??

[–] scutiger@lemmy.world 4 points 6 days ago (1 children)

NATO is a mutual defense organization, not a member accountability organization. There's nothing in the rules about member states not attacking non-member states.

[–] Rhoeri@piefed.world 1 points 6 days ago

I could have sworn things like that had to be justified in some way. Guess I was wrong. Thanks for the info.

[–] atzanteol@sh.itjust.works 1 points 6 days ago

Yes?

NATO’s essential and enduring purpose is to safeguard the freedom and security of all its members. It does this through political and military means, ensuring the collective defence of all Allies, against all threats, from all directions.

Nothing about policing the actions of its members.