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Can U.S. Oil Companies Really Take Over Venezuela's Industry?

2026-01-06 News & Politics
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Support our work: https://democracynow.org/donate/sm-desc-yt The share prices of U.S. oil companies surged following the Trump administration's attack on Venezuela and abduction of its president, Nicolás Maduro. In public statements, Trump has been clear about his desire to reassert U.S. corporate control over Venezuela's nationalized oil industry. However, notes financial reporter David Uberti, it won't be so easy for Wall Street to make a profit. In addition to upgrading Venezuela's "decrepit" oil-producing infrastructure, oil companies must push for a greater share of the energy marketplace, just as oil’s popularity is on the decline. Uberti also discusses his reporting on the Trump family's business empire, which has generated at least $4 billion since Donald Trump's return to the White House. 0:00 - Chevron and Venezuela 4:15 - Trump family businesses 10:08 - AI data centers, nuclear fusion Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at democracynow.org Mondays to Fridays 8-9 a.m. ET. Subscribe to our Daily Email Digest: https://democracynow.org/subscribe

Top Comments (10)

@dawnday6894 2026-01-06

Can't have universal Healthcare for Americans, but we can subsidize more oil companies

396 53 replies
@kidfromsouthside 2026-01-06

He didn't speak to congress before or after but he spoke to oil executives. Nuff said.

290 28 replies
@sebtonz1 2026-01-06

The United States is one sick patient. Greed rules overall! This is unsustainable.....

236 10 replies
@XyztInfinity-g1f 2026-01-06

The first casualty of war is truth.

192 8 replies
@annmoore8696 2026-01-06

Remove this Predator NOW RELEASE ALL OF THE FILES

101 6 replies
@JimmyHendricks-pu9lg 2026-01-06

Oil subsidies: more Welfare for the Wealthy.

78 4 replies
@amoonition 2026-01-06

Trump just committed the biggest live robbery in history in less than 24hrs

67 5 replies
@abdullahbueno7532 2026-01-06

Central banker and big bankers wars. Wall Street wars. Let them go and their families to the front lines instead of sending working families. Then you might see how fast they want diplomacy, peace and mutuality beneficial trade. Billionaire and oligarchs ruin the world .

58 3 replies
@nightelfuser 2026-01-06

Americans: "We just want affordable groceries." DJT: "Best I can do is take over Venezuela."

39 2 replies
@mildlyAnnoyed123 2026-01-06

Sickening. The oil, minerals and natural resources in Venezuela is for the Venezuelan people. Hands off!

23 1 replies

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