News

34051 readers

4566 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago

MODERATORS

JonsJava@lemmy.world

gedaliyah@lemmy.world

little_cow@lemmy.world

290

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.”

you are viewing a single comment's thread
view the rest of the comments

[–] theneverfox@pawb.social 1 points 5 days ago

From your source

Despite Trump’s remarks, oil industry experts have said it’s not nearly so clear-cut that oil majors in the US will want to re-enter the Venezuela oil market—or be tasked with funding a significant rebuild of the nation’s oil infrastructure—given the political uncertainty unleashed by Trump’s unlawful military operation and the kidnapping of Venezuela President Nicolas Maduro.

“The issue is not just that the infrastructure is in bad shape, but it’s mostly about how do you get foreign companies to start pouring money in before they have a clear perspective on the political stability, the contract situation, and the like,” Francisco Monaldi, director of the Latin American energy program at Rice University, told NPR.

Yes, he tipped off oil companies first... That doesn't mean they were interested. This was Trump (aka Rubio's Trump-friendly pitch) idea. That doesn't mean they have any interest... We have so much already tapped oil wells that we're not pumping because prices are so low

I'm sure in Trump's head, were about to get all sorts of oil. In reality, it just doesn't math out