President Trump is set to meet with a slew of oil executives at the White House on Friday in an effort to secure billions of dollars in investments from major energy companies. The gathering comes as part of a broader push by the administration to bolster Venezuela's struggling oil industry and capitalize on its vast petroleum reserves.
In recent days, the US has seized multiple tankers carrying Venezuelan oil, effectively taking control of sales worldwide indefinitely. This move is part of a strategy to keep gasoline prices low, particularly for American consumers who are growing increasingly concerned about affordability.
Trump will meet with executives from 17 prominent oil companies, including Chevron and ExxonMobil, both of which have operations in Venezuela. The meeting, set to take place behind closed doors, is an attempt by the administration to demonstrate its ability to attract significant investments into the country's oil sector.
Despite the efforts of the Trump administration, many major US oil companies have thus far declined to affirm any investment plans for Venezuela, citing concerns over stability and contractual guarantees. However, the president has suggested that his administration may provide support for such investments.
The meeting comes as Venezuela's oil production languishes below one million barrels per day, a significant decline from its former levels under Hugo Chávez. Trump hopes to convince oil companies that his administration can offer a stable relationship with the interim President Delcy Rodríguez and protect their interests in the market.
A delegation of senior officials, including Secretary of State Marco Rubio, Energy Secretary Chris Wright, and Interior Secretary Doug Burgum, will also attend the meeting, underscoring the administration's commitment to this effort.
In recent days, the US has seized multiple tankers carrying Venezuelan oil, effectively taking control of sales worldwide indefinitely. This move is part of a strategy to keep gasoline prices low, particularly for American consumers who are growing increasingly concerned about affordability.
Trump will meet with executives from 17 prominent oil companies, including Chevron and ExxonMobil, both of which have operations in Venezuela. The meeting, set to take place behind closed doors, is an attempt by the administration to demonstrate its ability to attract significant investments into the country's oil sector.
Despite the efforts of the Trump administration, many major US oil companies have thus far declined to affirm any investment plans for Venezuela, citing concerns over stability and contractual guarantees. However, the president has suggested that his administration may provide support for such investments.
The meeting comes as Venezuela's oil production languishes below one million barrels per day, a significant decline from its former levels under Hugo Chávez. Trump hopes to convince oil companies that his administration can offer a stable relationship with the interim President Delcy Rodríguez and protect their interests in the market.
A delegation of senior officials, including Secretary of State Marco Rubio, Energy Secretary Chris Wright, and Interior Secretary Doug Burgum, will also attend the meeting, underscoring the administration's commitment to this effort.
. Nowadays, it feels like they're just another bunch of faceless corporations looking for a quick buck in Venezuela. Trump thinks he can sweet-talk them into investing billions with his charm, but I'm skeptical - when have oil executives ever been swayed by a president's words? 
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. Still, you can't deny the optics are on Trump's side right now, and that might be enough for him to get some foot-in-the-door support from those big oil companies 
, can you believe Trump is trying to sell Venezuela's oil like it's a product on Amazon? It's just wild how much control he's exerting over the global market with those tankers 
. I mean, I get why he wants to keep gas prices low for Americans, but at what cost? 
The US is basically taking matters into its own hands and trying to dictate Venezuela's economy... interesting 
just heard about Trump meeting with oil execs at White House! 
They wanna invest billions in Venezuela's oil industry 
but it's like, how stable is that? 
Anyway, US seizing tankers carrying Venezuelan oil seems like a smart move to keep gas prices low 
️ American consumers are getting anxious about affordability 
Trump thinks he can convince them with his charm 
. Like, come on Trump, you know these guys are only there because of the influence they have, not because they actually care about Venezuela's struggling economy