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22.01.26 - 14:06
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No US Security Guarantees in Venezuela for Oil, Energy Secretary Says (Bloomberg)
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US Energy Secretary Chris Wright discusses the benefits of President Donald Trump's style at the World Economic Forum, the US's ultimate goal for Venezuela's energy industry, and his plans to visit the nation's oil operations in the next few weeks. Wright speaks to Bloomberg Television on the sidelines of the 2026 World Economic Forum's annual meeting in Davos, Switzerland. (Source: Bloomberg)...
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21.01.26 - 23:30
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Twice Bitten, Thrice Shy: What Oil Majors Want Before Betting On Venezuela A Third Time (ZeroHedge)
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Twice Bitten, Thrice Shy: What Oil Majors Want Before Betting On Venezuela A Third Time
Authored by Kevin Stocklin via The Epoch Times,
President Donald Trump has encouraged American oil companies to reinvest $100 billion in Venezuela to spur energy production and to rescue Venezuelans from desperate poverty.
Oil companies, however, are taking stock of the decrepit state of Venezuela's energy infrastructure after decades of communism, and seeing a number of critical impediments.
“We're going to have our very large United States oil companies—the biggest anywhere in the world—go in, spend billions of dollars, fix the badly broken infrastructure,” Trump stated in a Jan. 11 press conference following a meeting with top oil executives.
Venezuela has the world's largest known oil reserves, estimated by rating agency S&P at 300 billion barrels, which are located in a region along the Orinoco River called the Orinoco Belt. At its peak—and with investment and expertise from oil majors inc...
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21.01.26 - 21:15
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Von Der Leyen Hand-Wrings About "Raw Power" Under Trump After Venezuela Silence (ZeroHedge)
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Von Der Leyen Hand-Wrings About "Raw Power" Under Trump After Venezuela Silence
EU Commission President Ursula von der Leyen warned Wednesday before the European Parliament that the 27-member EU must accelerate efforts to strengthen both its economy and its defenses, as it confronts a shifting global order shaped by what she called "raw power."
She took the opportunity to caution Washington and President Trump over his Greenland ambitions, saying that tensions between supposed "allies" over Greenland risk strengthening the West's geopolitical rivals. Indeed, over in Davos, the Greenland question and US rhetoric has completely overshadowed efforts at furthering the Ukraine peace deal. But sadly truce efforts have in reality been going nowhere anyway.
"The shift in the international order is not only seismic, but it is permanent," she told lawmakers, presenting as a pressing example the "volatile situation" surrounding Greenland, Russia's ongoi...
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