Trump Insists US Will Reimburse Big Oil For Fixing Venezuela’s Oil Apocalypse
KEY POINTS
- •Trump said on Monday that US oil companies may be reimbursed for expanding Venezuelan oil operations after a recent raid on Maduro in Caracas.
- •Venezuela’s output remains under 1% globally due to sanctions, corruption, and broken infrastructure, despite vast oil reserves.
- •Trump believes Venezuelan oil production can lower US gas prices but might lead to subsidizing Exxon, Chevron, and ConocoPhillips.
In a headline-perfect twist of geopolitical improv, January 2026’s Donald Trump announced the US might foot the bill for American oil titans like Exxon, Chevron, and ConocoPhillips to renovate Venezuela’s legendary 'badly broken infrastructure.' Venezuela’s oil output barely pokes above 1% globally thanks to sanctions, corruption, and, well, it’s basically a pipeline haunted house. Trump didn’t reveal how many gazillions this restoration might require but promised reimbursement either upfront or through juicy revenue streams. After a Saturday raid seized Nicolás Maduro and his spouse in Caracas, Trump pitched Venezuelan oil flooding US markets to curb gas prices, simultaneously prepping subsidies in a plot twist even OPEC+ would find chaotic.
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Only Trump could claim the US is going to bankroll big oil fixing Venezuela while also wanting oil prices low. Subsidies, sanctions, and a military raid all mashed into one geopolitical soup of contradictions.
Just when you thought geo-oil-politics couldn’t get weirder, Trump offers US cash to fix a country’s oil disaster it sanctioned. Strategy or the world's most expensive pit stop?
Watch out Exxon and Chevron: Trump’s plan doubles as a Venezuela infrastructure rehab AND a classic taxpayer-funded oil party. Swap gas prices for lobbyist tuxes, anyone?
Source: Businessinsider | Published: 1/6/2026 | Author: Shubhangi Goel
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