Donald Trump has asked for at least $100bn (£75bn) in oil industry spending for Venezuela, but received a lukewarm response at the White House as one executive warned the South American country was currently “uninvestable”.
Bosses of the biggest US oil firms who attended the meeting acknowledged that Venezuela, sitting on vast energy reserves, represented an enticing opportunity.
But they said significant changes would be needed to make the region an attractive investment. No major financial commitments were immediately forthcoming.
Trump plans to use Venezuela’s huge crude reserves ‘to cut US oil price to $50 a barrel’ but companies need a market price of about $65 a barrel to break even on their production costs
Trump is an awful businessman.
Cheap fuel for his fanatics wanting the “good old days”.