Oil Companies Aren't Sold on Venezuela

The podcast explores President Trump's strategy to control Venezuela's oil reserves, focusing on his desire to lower oil prices to around $50 a barrel. Trump aims to displace the shadow market controlled by Russia and China by leveraging U.S. oil companies to invest an estimated $100 billion in Venezuela. However, U.S. oil companies are hesitant due to past nationalizations and current instability, with ExxonMobil's CEO labeling Venezuela "uninvestable." Despite Trump's threats to exclude reluctant companies, their participation is crucial for his plan's success, which faces potential pitfalls including governmental infighting and failure to significantly lower oil prices.