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Related: About this forumTrump tries to convince oil CEOs of Venezuela plan - The 11th Hour - MS NOW
Executives from the major U.S. oil companies met with Trump at the White House, as he pressures them to get involved in rebuilding Venezuela's oil infrastructure. The Nightcap discusses with Stephanie Ruhle. - Aired on 01/09/2026.
NJCher
(42,522 posts)He had oil executives in the room and he had stolen two tankers of oil that had been paid for by China and Russia.
When is somebody gonna talk about this? What oil executive thought this was sane?
Everyone on this panel agrees this move makes absolutely no sense whatsoever. Oil is at a low. As one of the commentators pointed out, you can buy an EV from China for $11,000. There is nothing about this idea that makes any sense.
If you watch this video, please note how he very generously tells them that we taxpayers are going to pay for security. As if this was his decision to make. It is not. He does this with other expenses too.
Really, the only thing you can conclude from this video, is that he is an effing idiot.
rampartd
(3,856 posts)the Qatar airplane was a white elephant. these oil fields might be a white elephant.
is he collecting a herd of pale pachyderms for US to feed?
Rhiannon12866
(250,433 posts)And we know that his main objective of being in office is making money. So it should come as no surprise that this "business" he's trying to organize would be another bust...
ihaveaquestion
(4,414 posts)LetMyPeopleVote
(175,074 posts)LetMyPeopleVote
(175,074 posts)The US is going to extreme lengths to control oil that Trump used to regularly disparage.
"Their oil is garbage. Itâs horrible. The worst you can get. Tar. Itâs like tar."
— Mother Jones (@motherjones.com) 2026-01-09T16:31:41.946Z
Read how Trump used to talk about Venezuelan oil.
https://www.motherjones.com/politics/2026/01/garbage-trump-disparage-venezuelan-oil-crude-maduro-tar-horrible-worst-oil/
Throughout his 2024 presidential campaign, he called the countrys crude horrible, tar, the dirtiest stuff you can imagine, and the worst oil probably anywhere in the world. But, less than two years later, President Trump has framed his move to depose Nicolás Maduro in large part as a move to seize this garbage oil.
His reservations about the quality of the fossil fuels he plans to acquire have disappeared. Instead, the president has suggested he may be willing to send in more US troops to keep control of it and that hes not afraid of boots on the ground. Gone, too, are Trumps warnings that Venezuelan heavy crude will pollute the air in American communities when its refined stateside.
Trumps disparaging remarks about Venezuelan oil were not a one-off. He made a version of the same argument at least five times between June 2023 and August 2024. The typical pitch went something like this: When I was president, we drilled top-tier American oil. Now we import tar from Venezuela and pollute our country in the process.
Heres a longer version from a speech to North Carolina Republicans in June 2023:
When I left Venezuela was ready to collapse. We would have taken it over. We would have gotten all that oil. It would have been right next door. But now were buying oil from Venezuela. So were making a dictator very rich. Can you believe this? Nobody can believe this.
Their oil is garbage. Its horrible. The worst you can get. Tar. Its like tar. And to refine it you need special plants We have liquid gold. The best, most beautiful stuff you can get. Liquid gold. Better than gold. Right under our feet But with Venezuela, they put their oil and they refine it in Houston! So all those pollutants go right up in the air So, we lose economically. And we also lose from an environmental standpoint. Because it is really dirty stuff. The dirtiest stuff you can imagine.
The bit has a typically Trumpian cognitive dissonance to it. If hed been re-elected in 2020, America would have benefited greatly by taking control of Venezuelas oil, he claimed. At the same time, Democrats were idiots for using such horrible, polluting oil.
Most of the oil in Venezuela is heavy tar that will require a great deal of investment to produce and refine. It is no wonder why US oil companies are not willing to make this investment