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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[–] 78 points 10 months ago (18 children)

Not to mention there's a solid chance the next president will basically dedicate their career to undoing Trump's BS, so there's no guarantee you'll get more than a few years of revenue.

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  • [–] 10 points 10 months ago (2 children)

    Even if Trump hangs around as a dictator there's still no point investing in Venezuela. It's not as if there is even a global oil shortage so why would you want to build more infrastructure.

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  • [–] 25 points 10 months ago (10 children)

    If we have another election at all

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  • [–] 15 points 10 months ago (5 children)

    Judging from the anger over ICE and anti-american administration if Trump tries to stop the election there will be riots and strikes.

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  • [–] 11 points 10 months ago

    Unfortunately that doesnt change what @drdalek@lemmy.dbzer0.com is concerned about, specifically when we take the executive order that marks nonexistent organizations and basic political beliefs as "terrorist organizations".

    Which can be applied to both groups. So it comes down to the response to that - and we know how ICE is being used and how they are trying to use the NG.

    My fear is that this is going to get extremely bloody. Elections won't matter at that point, even if they were held.

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  • [+] -6 points 10 months ago (2 children)

    Holy crap, did you invent this idea? I've never heard anyone say anything like this before.

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  • [–] 5 points 10 months ago* (last edited 10 months ago) (1 child)

    the next president will basically dedicate their career to undoing Trump’s BS

    And don't forget half the time Trump undoes his own purported industrial policy.

    With the tariffs he was so inconsistent and capricious, that nobody could rely on having an edge over foreign competition long term and so nobody would dare to invest in manufacturing in the USA. If he felt like it he just cut them off from their essential foreign inputs too. Not to mention how he threatened pulling back the CHIPS Act subsidies from Intel, or how he raided Hyundai.

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  • [–] 4 points 10 months ago

    A month from now:

    I'm working on this horrible Venezuela situation that BIDEN left me with. Such a waste of American resources but I'm going to pull that back to make America great again.

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