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US oil giant ExxonMobil says Venezuela is 'uninvestable'

https://www.ft.com/content/4c21c031-443e-4834-a7a6-3dd59672b54e
50•petethomas•16h ago

Comments

jerlam•15h ago
https://archive.ph/PBre7
nalinidash•14h ago
This is showing error in cert.
aebtebeten•10h ago
> When pressed by Trump, Woods said Exxon would send a technical team to Venezuela within weeks to assess conditions. He also said he was “confident” that the changes needed for investment “can be put in place”.
TheAlchemist•14h ago
Regardless of weather it's true or not, they have a huge interest in saying so.

What's really crazy (even by today's US standards) is how Trump and his clique speak as if he annexed Venezuela and he can do whatever he wants.

It was discussed 100 times here already, but the damage to the myth of US as the 'good guy' that is immense. I personally see the US now, as the same that say China or Russia and have no intention of going there again, unless absolutely necessary. If you told me that some years ago, I would think you're crazy.

ekianjo•14h ago
> the damage to the myth of US as the 'good guy' that is immense.

People don't live under a rock. The US is an empire and has acted like it for at least 80 years if not more. The fantasy that the US is part of the good guys depends on how much you believe the propaganda.

TheAlchemist•13h ago
I grew up in Eastern Europe. For 90% of people there at the time, US = paradise. Maybe it was propaganda, I don't know. Later in life I got travel a lot and meet a lot of Americans and for most, their moral and ethics are at the exact opposite of what the US is showing now.
viraptor•13h ago
It doesn't have to be a paradise in absolute terms to be a significantly better place. EE to the US was definitely an improvement for a very long time. Even if many other places already didn't see the US as good guys.
blell•12h ago
Most Eastern European people I know have long associated the US with calamities such as the bombing of civilians in Belgrade.
keiferski•12h ago
In the former Yugoslavia maybe. But in the former USSR and Warsaw Pact countries, that isn’t even remotely true. The US was critical in supporting anti-USSR resistance, either directly with money or symbolically (“Tear down this wall”)
tliltocatl•12h ago
The image of the good guy USA had (at least in eastern Europe) has less to do with how they treated other countries and more with how they treated their own citizens.
hmm37•9h ago
Exactly it has more to do with which end of the stick you're on.
tliltocatl•4h ago
On the other hand, treating your citizens decently isn't that low of a bar. There are quite a few states out there where you can't have even that.
graemep•11h ago
its relative. The US was far preferable to the Soviet Union. Its now far preferable to its major global rival, China.
charamis•13h ago
I don’t understand why this has been downvoted, it’s true that the US has done many interventions in the past based on vague rationale or simply by misleading public opinion. And it has always been a part of its’ state propaganda to make it look like they are on the good side, doesn’t mean they are though every time. The difference this time is that they didn’t even try that much to shape a proper narrative.
TheOtherHobbes•12h ago
The US has been annexing land almost since its foundation. Ask the original Native Americans. Or the people of Hawaii. Or Puerto Rico.

The US USP was essentially just its success as a consumer economy, with relative prosperity compared to Rest of World and nice things to buy.

And there used to be nominal free speech. You could criticise the government, and nothing would happen unless you became organised enough to start threatening capital, in which case you might well be murdered.

That's the good news. The bad news is that non-whites in the US have always had a much worse time of it, and the veneer of freedom has always been very thin for them.

Now the US has stopped pretending to be a creative economy and has decided not to hide its addiction to violent extraction.

So we'll see how that works out for everyone.

aebtebeten•10h ago
I'd guess it works out to be "solitary, poor, nasty, brutish, and short" — are you sure you're the other Hobbes?
resumenext•14h ago
Consider how that will restrain the diplomatic and geopolitical options available to future US presidents, particularly those of the other party and it starts to seem quite strategic if not a major win for isolationism and Trump’s Monroe 2.0 agenda.
rurban•14h ago
Of course their interest is to completely destroy all socialistic tendencies there, that's why Trump assured them to run the country from now on. They already invested in robbing their oil twice there, and where thrown out twice. Incredible stories, Chevron even had to change it's name then to get rid of the foul mouth press.
general1465•11h ago
If Trump won't offer something better than military in Venezuela, then those socialist tendencies in Venezuela are not going to disappear.
keiferski•12h ago
Large states (including the US) have been intervening in nearby countries since the beginning of time. Even for Latin America, this is a "typical" intervention for the US: Cuba, Panama, Grenada, Dominican Republic, Honduras, Haiti, Guatemala, on and on, all happened in the 20th century.

What's different this time is the total lack of effort (or ability to?) to construct a narrative justifying it.

hshdhdhj4444•12h ago
20th century means that we’re talking at least 2.5 decades ago. That’s a long time. And for the most part, US foreign policy regarded much of those actions as folly even if they will never say that publicly.

You’re absolutely right with your assessment but beyond that this is also a rolling back of the clock to thinking from decades ago.

nasmorn•12h ago
When the Soviets were literally standing 60km from Vienna with tank brigades a lot of bullshit was easier to swallow.

Right now it seems like totally unnecessary destabilization. Don’t even get me started on proposing to seizing NATO territory by force in Greenland.

graemep•11h ago
Yes, but that was because there was a golden age when the west dominated the world without facing serious rivals. There was less need for interventions and the west was deluded (by wishful thinking) into regarding this as a permanent shift.

Even in the last 25 years the US has fought in Afghanistan, bombed Libya, ISIL held territory, Syria, blockaded Yemen and probably more.

The world today is going back to a cold war like rivalry between the US and China so we can expect both sides to use much the same tactics.

elcritch•12h ago
Yep, but folks love their veneer. The morals of the American people and that of the state department / industrial complex aren't the same.

Oddly in this case the US government seemed to do something that many Venezuelan expats support. We'll see if it helps the lives of regular Venezuelans at all.

Also a number of sci-fi from the last decade or two predicted or imagined the US in a war in Venezuela in the 2030's. It makes more sense to view it not for oil but more to keep Chinese and Russian influence out of the US's "backyard". Apparently both had been getting close to Maduro.

mindslight•4h ago
We also have to recognize that these particular narratives actually created some objectively positive accomplishments as well. That's what made the postwar US different than the postwar USSR. We can plainly see the results in some pretty well set up experiments (eg East Germany vs West Germany). It's very easy to criticize the failings of liberal American values and liberties looking from a vantage point where we get to take those values and liberties for granted.

... but now it seems as if people got bored of those lofty narratives, and the US can't even prevent its own domestic jihadis from overrunning the country with backwards fundamentalism. So now we're staring down their equivalent of Sharia law while they rally around regime-sponsored murderers ramping up sectarian violence.

nextaccountic•3h ago
The last US backed coup in latin America was Bolivia 2019
laughing_man•2h ago
Is there any evidence this is the case?
gizmo686•5h ago
> What's really crazy (even by today's US standards) is how Trump and his clique speak as if he annexed Venezuela and he can do whatever he wants.

Setting aside what this does to the image of the US, this also just isn't grounded in reality. The US conducted a singular operation with a narrowly defined goal of extracting their president and his wife. They then declared that they were putting the Venuzuellan vice president in charge. I don't know what happened behind the scenes, but that looks a lot more like them getting behind a winner instead of dictating it.

Sure, the military operation was a tactical success; and will probably make Venuzuella more subservient in the near term. But I see no evidence we have done anything close to annexing them.

nextaccountic•3h ago
The US is acting like Russia for sure, but China's modus operandi isn't really like that. China is much more interested in a rules-based world order than either country and will gladly fill the soft power vacuum the US is leaving
justajew•42m ago
It is very funny that you compare US to Russia and China. China, compared to US, is a very peaceful state, with imperial ambitions nowhere near the american ones.

As for Russia, it fights for its existence after the west has effectively hired Ukraine as mercenaries in 2014 (if you want to be honest about it), Ukraine which had been for centuries an integral part of Russia.

Now tell me, what kind of connection US has with Venezuela besides the infinite greed of its capitalists? None of course. And neither had Iraq, Lybia, and a long list of other countries. Under the "good" "democrats".

And you dare to compare yourself to China and Russia..

SideburnsOfDoom•12h ago
It's 2026 not 1956. Heavy crude oil is not a worthwhile investment for the future. This whole thing hasn't been thought through, it's based on retro vibes.
Bender•11h ago
Existing US refineries are designed for heavy. Retooling everything for other types of oil is incredibly expensive and will not likely occur.
SideburnsOfDoom•10h ago
> Existing US refineries are designed for heavy

I'm aware of that. Nevertheless, this is not a growth industry, and expecting riches from it in 10 years time or more is thinking mired in past. It's not serious.

More serious commentary on that:

https://www.politico.eu/article/the-problem-with-donald-trum...

https://edition.cnn.com/2026/01/08/climate/china-venezuela-o...

https://electrek.co/2026/01/03/electric-vehicles-will-end-oi...

djdkdkfkfk•9h ago
>serious commentary >electrek >politico >cnn
SideburnsOfDoom•9h ago
I think that you misread. "more serious" than my comment. And much more so than your comment.
laughing_man•2h ago
That seems like wishful thinking.

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