Trump’s oil push, ICE shooting and Iran's protests
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Hi, I'm Sharon Reich-Garson in New Jersey. It's Saturday, January 10th. Today, Trump urges U.S. oil giants to pump $100 billion into Venezuela's energy sector. Protesters hit the streets across the U.S.
What is Trump's proposal for Venezuela's oil sector?
this weekend after a fatal ice shooting in Minneapolis. And the owner of a Swiss ski bar where a deadly New Year's Eve fire killed 40 people is detained. This is Reuters World News, bringing you everything you need to know from the frontlines in 10 minutes, seven days a week.
President Donald Trump is making a bold pitch to America's oil giants. At a White House meeting Friday, he's urged Exxon, Chevron, and ConocoPhillips to pour $100 billion into Venezuela, promising them a chance to rebuild the country's energy infrastructure and pump more crude than ever before. Trump says the U.S. will guarantee security for companies that commit to investing. And a singled-out Chevron, praising it for staying in Venezuela when others pulled out. A lot of people left, a lot of big companies left. Some of the people, many of the people sitting at this table left because of... The safety risk and other risks, but you really, you stuck it out. I give you credit for that. But there's skepticism.
ExxonMobil CEO Darren Woods calls Venezuela, quote, uninvestable and says legal changes are needed before the company would consider returning. We haven't been in the country for almost 20 years. We think it's absolutely critical in the short term that we get a technical team in place to assess the current state of the industry and the assets to understand what would be involved. The U.S. military's high-stakes extraction of Venezuelan President Nicolas Maduro was a show of air dominance. The operation featured stealth fighters, bombers, and electronic warfare jets, alongside drones and satellites feeding real-time intelligence. Our defense industry reporter Mike Stone is here to break it down and look at one of the biggest takeaways of the mission for other militaries around the world.
It starts off in space with satellites looking at where all the radars and Venezuelan anti-air equipment is. Then you have EA-18G Growlers, which is a Boeing-made aircraft carrier-launched jet that would go and blind those with, you know, super powerful electronic, basically microwaves directed at it. There was a discussion by the president of turning off the power grid. Now, that's an offensive cyber capability. We don't know what it is, but those things exist every single time. The United States has an operation like this. Every single military studies it to within an inch of its life for years. They've been given a whole nother set of radar data that they have, how their radars were blinded, how the
electrical infrastructure in Venezuela was neutralized. All those things are going to be forensically gone through by both the United States industry, the United States intelligence community, and adversaries around the world, for example, China and Russia. So there's a bit of You know, you show what your cards are. The United States has shown what, you know, a leader capture raid would look like in, you know, 2026. That's what's been flagged to everyone, and everyone is going to begin to prepare to combat that. And for more on Venezuela, check out the latest episode of Reuters On Assignment, hosted by Jonah Green, where our reporters break down the geopolitical stakes of Maduro's capture. So I think from a tactical standpoint, most officials think this was a huge success.
I think it's the strategic questions that are now being raised about what the future is. The government is not very different at all. Maduro's cabinet endures. It's all the same people. It's not quite clear what the Trump administration wants for the transition going forward. We'll drop a link in the pod description. Protesters flooded downtown Minneapolis Friday night following the fatal shooting of Renee Good, a 37-year-old mother of three killed Wednesday by an immigration agent while monitoring an ICE operation. Demonstrations are expected nationwide this weekend, with civil liberties groups calling for more than 1,000 rallies, demanding an end to President Trump's large-scale ICE deployments.
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