**“Resources“ vs. „Reserves“:** Venezuela reports huge *resources* (total oil in the ground), but not all is economically recoverable, unlike true *reserves* (oil that can be extracted profitably).
**Extra-Heavy Crude:** Most reserves are in the Orinoco Belt, a thick, tar-like substance that doesn’t flow easily and needs to be diluted with lighter chemicals for transport.
**Heavy & Dense:** It’s less dense (low API gravity) and viscous than light sweet crude, the type most global refineries are set up to process for fuels like gasoline.
**Sour & Contaminated:** It has high sulfur and metal content, which corrodes refinery equipment and requires costly, complex processing (more hydrogen, energy, and cleanup) to meet modern standards
spiritualskywalker on
He gets some idea or another and decides to smash something, to kick things off, you see. Then it turns out his idea will never work, so that’s that. But the thing he smashed remains smashed. And now there’s no plan.
banditta82 on
„You’re dealing with us directly. You’re not dealing with Venezuela at all. We don’t want you to deal with Venezuela,“ he said.“
Bribe me not them.
Skythewood on
China also invested $100bn in Venezuela. Guess how that turned out.
Techn028 on
Who would want to build expensive infrastructure staffed by hundreds of ransom risks in such an unstable situation
Appropriate1987 on
Trump should go back on the apprentice and fire himself.
WhenTardigradesFly on
lol, does anyone remember rex tillerson, the former exxon-mobil ceo that trump appointed as secretary of state in his first term? the one who later called trump a moron?
Kneph on
Alternate headline: Man who failed to sell steaks, flights, universities, and casinos takes a victory lap over bad investment into foreign oil.
Baulderdash77 on
The plan makes no sense. The oil reserves are expensive to extract, and to make the investment a company would need political and economic stability.
Trump’s concept (it is not a plan) offers neither. The Trump government itself is unstable and Venezuela is unstable.
Plus Oil companies have no incentive to increase production to lower prices. That would compromise the rest of their investments.
Oil demand growth is slowing rapidly and will begin to shrink in 10 years. Right now is the last “good times” in the oil industry and they’re looking to make cash flow while they can.
This entire concept ignores the reality of 2020’s economics. Much like the tariffs program; it’s something that’s ancient and not intelligent now.
globalwarmingisntfun on
CLIMATE FUCKING CHANGE BRO
PM_me_your_O_face_ on
I hope so badly this all blows up in his face.
Doubt_full_ on
The board of the US corporate seems to disagree with the Trump plan for neocolonialism.
bareboneschicken on
If they nationalized the industry once, they could nationalize it again. The smart play is to stay away.
thegooddoktorjones on
What, you don’t want to buy stolen goods from an elderly man? Weird.
clamorous_owle on
There’s nothing to prevent a Chavez-style government from coming to power down the line and then nationalizing the country’s oil industry.
Just_Learned_2_Dance on
It’s very poor quality oil
tenuki_ on
But you are thinking about this instead of Epstein so…
Spright91 on
So he didnt even ask them before he went and did it.
0r0B0t0 on
Trumps out or dead in 3 years, they are not going to build a bunch of infrastructure with that window
Ginsenj on
I was just talking to some halfwit how the US could become really difficult to invest in, because they got no fucking clue of what they are doing. Immediately saw this after.
You can’t make this shit up.
chilladipa on
One oil expert explained that Venezuela oil is only good for making lubricants and asphalt.
ugottabekiddingmee on
Just got your big ole Venezuelan chocolate milk shake and no straw.
Fracas2 on
So…did they do all this shit in Venezuela without making sure they had corporate investment secured beforehand? 🤣🤣 Holy shit. Please let this thing fall apart.
ATarrificHeadache on
This guy is so damn stupid it’s hilarious
Scared-Hope-868 on
Maybe talking to the oil guys first might have been a good plan.
Brisbanoch30k on
As Rex Tillerson so poetically coined it in his last mandate : “he’s a fucking moron”
In November 2025, Singer acquired Citgo, the US-based subsidiary of Venezuela’s state-run oil company. Singer, through his private investment firm, Elliott Investment Management, [bought Citgo for $5.9 billion](https://www.wsj.com/articles/judge-backs-elliotts-6-billion-bid-for-venezuelas-citgo-64cc8302). The sale to Amber Energy, a subsidiary of Elliott Investment Management, was forced by creditors of Venezuela after the country defaulted on its bond payments.
LukeD1992 on
TLDR the big oil thinks it’s too risky to invest in Venezuela with such a unstable political situation
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31 Kommentare
Trump needs to be in jail….we all know this will make him richer and his oil buddies only …
Sounds kinda like the administration repeatedly proves it
**HAS NO FUCKING CLUE** about geopolitics.
More “Fart of the Deal”
Read an article today that likely is similar to the BBC. Venezuela isn’t what it appears in relation to its crude for these and many other reasons:
**Official Data is Stale:** Venezuela’s government hasn’t updated its reserve data since 2010, relying on reclassifying Orinoco Belt heavy oil as „proved“ reserves, according to the [Baker Institute](https://www.bakerinstitute.org/research/venezuelas-oil-mythologies-have-hindered-its-development).
**“Resources“ vs. „Reserves“:** Venezuela reports huge *resources* (total oil in the ground), but not all is economically recoverable, unlike true *reserves* (oil that can be extracted profitably).
**Extra-Heavy Crude:** Most reserves are in the Orinoco Belt, a thick, tar-like substance that doesn’t flow easily and needs to be diluted with lighter chemicals for transport.
**Heavy & Dense:** It’s less dense (low API gravity) and viscous than light sweet crude, the type most global refineries are set up to process for fuels like gasoline.
**Sour & Contaminated:** It has high sulfur and metal content, which corrodes refinery equipment and requires costly, complex processing (more hydrogen, energy, and cleanup) to meet modern standards
He gets some idea or another and decides to smash something, to kick things off, you see. Then it turns out his idea will never work, so that’s that. But the thing he smashed remains smashed. And now there’s no plan.
„You’re dealing with us directly. You’re not dealing with Venezuela at all. We don’t want you to deal with Venezuela,“ he said.“
Bribe me not them.
China also invested $100bn in Venezuela. Guess how that turned out.
Who would want to build expensive infrastructure staffed by hundreds of ransom risks in such an unstable situation
Trump should go back on the apprentice and fire himself.
lol, does anyone remember rex tillerson, the former exxon-mobil ceo that trump appointed as secretary of state in his first term? the one who later called trump a moron?
Alternate headline: Man who failed to sell steaks, flights, universities, and casinos takes a victory lap over bad investment into foreign oil.
The plan makes no sense. The oil reserves are expensive to extract, and to make the investment a company would need political and economic stability.
Trump’s concept (it is not a plan) offers neither. The Trump government itself is unstable and Venezuela is unstable.
Plus Oil companies have no incentive to increase production to lower prices. That would compromise the rest of their investments.
Oil demand growth is slowing rapidly and will begin to shrink in 10 years. Right now is the last “good times” in the oil industry and they’re looking to make cash flow while they can.
This entire concept ignores the reality of 2020’s economics. Much like the tariffs program; it’s something that’s ancient and not intelligent now.
CLIMATE FUCKING CHANGE BRO
I hope so badly this all blows up in his face.
The board of the US corporate seems to disagree with the Trump plan for neocolonialism.
If they nationalized the industry once, they could nationalize it again. The smart play is to stay away.
What, you don’t want to buy stolen goods from an elderly man? Weird.
There’s nothing to prevent a Chavez-style government from coming to power down the line and then nationalizing the country’s oil industry.
It’s very poor quality oil
But you are thinking about this instead of Epstein so…
So he didnt even ask them before he went and did it.
Trumps out or dead in 3 years, they are not going to build a bunch of infrastructure with that window
I was just talking to some halfwit how the US could become really difficult to invest in, because they got no fucking clue of what they are doing. Immediately saw this after.
You can’t make this shit up.
One oil expert explained that Venezuela oil is only good for making lubricants and asphalt.
Just got your big ole Venezuelan chocolate milk shake and no straw.
So…did they do all this shit in Venezuela without making sure they had corporate investment secured beforehand? 🤣🤣 Holy shit. Please let this thing fall apart.
This guy is so damn stupid it’s hilarious
Maybe talking to the oil guys first might have been a good plan.
As Rex Tillerson so poetically coined it in his last mandate : “he’s a fucking moron”
They will make taxpayers invest in the infrastructure, secure the oil from Guyana that Venezuela was moving on and GOP megadonor Paul Singer will be add more billions to his net worth: [https://www.motherjones.com/politics/2026/01/trump-venezuela-oil-maduro-billionaire-paul-singer-citgo-elliot-management-hedge-fund/](https://www.motherjones.com/politics/2026/01/trump-venezuela-oil-maduro-billionaire-paul-singer-citgo-elliot-management-hedge-fund/)
In November 2025, Singer acquired Citgo, the US-based subsidiary of Venezuela’s state-run oil company. Singer, through his private investment firm, Elliott Investment Management, [bought Citgo for $5.9 billion](https://www.wsj.com/articles/judge-backs-elliotts-6-billion-bid-for-venezuelas-citgo-64cc8302). The sale to Amber Energy, a subsidiary of Elliott Investment Management, was forced by creditors of Venezuela after the country defaulted on its bond payments.
TLDR the big oil thinks it’s too risky to invest in Venezuela with such a unstable political situation