Oil executives expressed caution, with one executive saying Venezuela had seized their assets twice.

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.

  • CompactFlaxEnglish
    3·
    1 day ago

    It’s nice to be hopeful. I’m not holding my breath though.

    • tempest@lemmy.caEnglish
      5·
      21 hours ago

      “now is a time for healing so we are going to hold no one accountable and in a few years when the fascist are back we can do this again”