Latest Breaking News

IronLionZion

(50,869 posts)

49. American oil companies have said they don't want Venezuela's oil

Thu Jan 8, 2026, 11:18 PM

Jan 8

because it's too high cost so they would lose money. It would take billions in investment to rebuild Venezuela's oil infrastructure. And then if he lowers the price they lose profits. So oil companies are not going to gain from this plan.

Venezuela, Russia, and most oil producing nations and oil companies all profit from higher oil prices. They don't want lower prices.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

61 replies

= new reply since forum marked as read

Highlight:

Trump plans to use Venezuela's huge crude reserves 'to cut US oil price to $50 a barrel' [View all] BumRushDaShow Jan 8 OP

Right after he sends out those $2 K tariff checks...in about two weeks. jls4561 Jan 8 #1

Good, maybe some of the oil belt will go broke and the fossil fuel supporters will lose their jobs. walkingman Jan 8 #2

at $50 a barrel most Oil drilling is not feasible moonshinegnomie Jan 8 #3

Right, they'll just leave it in the ground until the price goes back up ToxMarz Jan 8 #8

THIS! Getting too near or even below the 'break-even point'. Jack Valentino Jan 8 #45

The 'Orinoco crude' A Badger Jan 9 #59

Trump don't math so good C_U_L8R Jan 8 #4

Like his claim that popsdenver Jan 8 #21

Hey Everybody! ruet Jan 8 #5

I remember. SergeStorms Jan 9 #54

Well, it is SAD that some Americans vote because of the price of eggs (TSF knows that now) so he's thinking, hey bluestarone Jan 8 #6

Maybe he can crash the Russian economy by flooding the oil market. mjvpi Jan 8 #7

Saudi and Russia sort of did that to themselves back in 2020 BumRushDaShow Jan 8 #12

I was shocked he allowed that tanker seizure. SHOCKED I tell you. Callie1979 Jan 8 #34

Wouldn't that piss off our oil executives and Pootie? Buddyzbuddy Jan 8 #9

Oil Executives "you want us to crush our own industry?" underpants Jan 8 #10

I'm confused by your implication. Buddyzbuddy Jan 8 #13

I don't think he was implying anything Miguelito Loveless Jan 8 #16

That was my obvious observation and the result would be the Felon reversing course. Buddyzbuddy Jan 8 #18

I was backing up what you posted underpants Jan 8 #19

Thank you, I misunderstood. Buddyzbuddy Jan 8 #24

Everyone is having a bad day. SergeStorms Jan 9 #55

What he is saying sounds a lot more like socialism than capitalism.... Ol Janx Spirit Jan 8 #11

Socialism is GOOD if it benefits trump. nt Callie1979 Jan 8 #36

Gore Vidal called it "free enterprise for the poor and socialism for the rich." Ol Janx Spirit Jan 8 #37

Only one big problem!!: Venezuela oil does NOT belong to the U.S. riversedge Jan 8 #14

"Possession is eleven points in the law, and they say they are but twelve" Ol Janx Spirit Jan 8 #38

If memory serves, most fracked oil Miguelito Loveless Jan 8 #15

The "breakeven" price BumRushDaShow Jan 8 #23

Thanks for the chart Miguelito Loveless Jan 8 #26

Most welcome! BumRushDaShow Jan 8 #31

No wonder he bankrupted casinos. Ray Bruns Jan 8 #17

Venezuela's oil, it's nasty... MiHale Jan 8 #20

Please consider making this a separate post -- and maybe xpost in Environment/Energy ! eppur_se_muova Jan 8 #22

Done ... MiHale Jan 8 #25

thanks! eppur_se_muova Jan 8 #30

Much of the U.S. gulf of MEXICO refineries can process heavy, sour crude lonely bird Jan 8 #33

Boscan crude is, apparently, basically a rock under all but the most niyad Jan 8 #46

Step 1: Drive oil prices to $50/BBL. markodochartaigh Jan 8 #27

"Step 3: Listen to outraged Republicans go ballistic over spiraling US debt." BumRushDaShow Jan 8 #32

Step 3 only happens when a Dem is president and... Justice matters. Jan 9 #56

Next week's New Yorker Coldwater Jan 8 #28

Here - BumRushDaShow Jan 8 #41

It's so weird that so much of our oil truthisfreedom Jan 8 #29

Right? intrepidity Jan 9 #58

The economic moron stricks again. American producers will go bust on $50/barrel oil. flashman13 Jan 8 #35

but what about the relief utherpendragon Jan 8 #39

$50 oil would destroy the economies of Texas and North Dakota NickB79 Jan 8 #40

everything he says is a lie Nigrum Cattus Jan 8 #42

It was not long ago BidenRocks Jan 8 #43

the price is not trump's goal. its headlines Tetrachloride Jan 8 #44

Quiet, Piggy orangecrush Jan 8 #47

Everything he gets his tiny hands into, falls flat. C Moon Jan 8 #48

American oil companies have said they don't want Venezuela's oil IronLionZion Jan 8 #49

Dump making more shit up to destroy the economy sakabatou Jan 8 #50

Stand down everyone. SalamanderSleeps Jan 8 #51

BFD AverageOldGuy Jan 8 #52

Why, will hardly notice the military mowing us down..... SergeStorms Jan 8 #53

Trump talks to make himself feel good. Sometimes, like here, the word salad includes a number salad. hay rick Jan 9 #57

"Mexico will build the wall and pay for it...". More lies from Trump who likes to suggest his stealing will benefit artemisia1 Jan 9 #60

No, he is gong to use it to enrich himself and pay for that ballroom. (n/t) OldBaldy1701E Jan 9 #61