Mara Liason
👤 SpeakerAppearances Over Time
Podcast Appearances
and expelled most American oil companies operating there at the time.
President Trump has claimed that U.S.
oil companies are ready to spend $100 billion or more to rebuild Venezuela's oil industry.
But on Friday, when the president met with U.S.
oil executives at the White House, not all of them were as enthusiastic as Trump.
The CEO of Exxon told the president that at this time, Venezuela is, quote, uninvestable.
Venezuela has the world's largest crude oil reserves, but its infrastructure has deteriorated since it nationalized its oil industry 20 years ago and expelled most American oil companies operating there at the time.
That measure is not likely to become law.
It is a rare pushback from members of the president's own party, and it prompted Trump to call for all five Republicans who voted with the Democrats to lose their seats.
Of those five, only Susan Collins of Maine is up for reelection this year.
So Trump does not seem to be in any danger of losing his base or Republican support in Congress over Venezuela.
President Trump has claimed that U.S.
oil companies are ready to spend $100 billion or more to rebuild Venezuela's oil industry.
But on Friday, when the president met with U.S.
oil executives at the White House, not all of them were as enthusiastic as Trump.
The CEO of Exxon told the president that at this time, Venezuela is, quote, uninvestable.
Venezuela has the world's largest crude oil reserves, but its infrastructure has deteriorated since it nationalized its oil industry 20 years ago.
and expelled most American oil companies operating there at the time.