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US Oil Giants Plot Venezuela Comeback, Demanding Golden Parachute First

US Oil Giants Plot Venezuela Comeback, Demanding Golden Parachute First
Photo by Solomon Yu on Unsplash

KEY POINTS

  • On January 4, 2026, Trump predicted major US oil investment in Venezuela following Nicolás Maduro’s removal.
  • Industry experts doubt firms will act without guaranteed government reimbursement for reconstruction costs.
  • Analysts emphasize that despite bold statements, oil companies plan to advance with extreme caution.

On January 4, 2026, as Donald Trump declared US oil firms would eagerly splash tens of billions to reboot Venezuelan oil post-President Nicolás Maduro's alleged rendition, industry insiders grumbled louder than a malfunctioning pipeline. These titans of energy, famous for slick moves and even slicker bank accounts, declared they wouldn’t budge an inch unless Uncle Sam handed over 'iron-clad guarantees'—basically, a government IOU promising full bill payment. Experts sniffed skepticism, suspecting this scheme wasn’t about drugs but pure oil greed. Remember, in oilland, caution means waiting for a signed contract rarer than Bezos' middle school report card.

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Source: Theguardian | Published: 1/6/2026 | Author: Callum Jones in New York