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11.01.26 - 15:16
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Trump signs executive order to safeguard Venezuelan oil revenue (The Hill)
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President Trump signed an executive order to protect Venezuelan oil revenue from being used in judicial proceedings, a week after U.S. forces initiated a covert operation to capture Venezuelan President Nicolás Maduro. The executive order, signed Friday and made public on Saturday, declared a national emergency to ensure Venezuelan oil revenue held in U.S. Treasury......
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11.01.26 - 00:12
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"Uninvestable": Trump′s $100 Billion Venezuela Gamble Meets Oil Industry Reality (ZeroHedge)
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"Uninvestable": Trump's $100 Billion Venezuela Gamble Meets Oil Industry Reality
President Donald Trump's push for U.S. oil companies to commit at least $100 billion toward rebuilding Venezuela's energy industry is meeting significant resistance from the very executives he is courting, according to Bloomberg.
Although the White House projects confidence, industry leaders are warning that Venezuela remains too unstable for major investment, with Exxon Mobil CEO Darren Woods describing the country bluntly as “uninvestable.”
At a closed-door meeting Friday with roughly 20 energy executives, Trump said he expected an agreement “today or very shortly thereafter” to restart large-scale drilling in Venezuela following the removal of Nicolás Maduro. He applied direct pressure, telling the group, “If you don't want to go in, just let me know, because I've got 25 people that aren't here today that are willing to take your place.”
Publicly, many executives praised the opportu...
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