Oil Giants Meet with Trump: Shocking Venezuela Energy Secrets Revealed! What’s at Stake?

WASHINGTON - On Friday afternoon, President Donald Trump convened a significant meeting at the White House with nearly twenty prominent executives from the oil and gas industry. With Vice President JD Vance, Secretary of Energy Chris Wright, and Secretary of State Marco Rubio in attendance, the central focus of the discussions was the future of oil production in Venezuela. This meeting came on the heels of a military operation aimed at capturing Venezuelan President Nicolas Maduro, who faces criminal charges.
During the meeting, Trump expressed optimism about relations with both the Venezuelan government and its citizens. “We are getting along extremely well with the people of Venezuela. Both the people and the people that are running Venezuela,” he stated. The purpose of the meeting was clear: to explore ways for American companies to revitalize Venezuela's struggling oil industry, which has been hampered by years of mismanagement and inadequate infrastructure.
Trump emphasized the potential benefits for the United States, highlighting that improved oil production in Venezuela could help lower domestic gas prices, which recently soared to nearly $5 per gallon in some areas. “One of the things the United States gets out of this is even lower energy prices,” he noted, citing the potential for prices to drop to as low as $1.92 per gallon.
The President outlined a plan for American companies to invest significantly in Venezuela's oil industry, suggesting that they would need to allocate at least $100 billion to rebuild the nation’s deteriorating oil production facilities. “You have total safety and total security. One of the reasons you couldn’t go in is you had no guarantees,” Trump added, underscoring the government's role in creating a stable environment for business operations.
Vice President Vance praised Trump's military success in capturing Maduro, claiming it would have positive ramifications for U.S. interests. “Now you have an American president who has empowered the American military to stop the flow of drugs into our country and to ensure that we as opposed to our adversaries control one of the great energy reserves that exists anywhere in the entire world and he did it without losing a single American life in the process.”
Secretary of Energy Chris Wright elaborated on the importance of converting Venezuela’s natural resources into usable goods, emphasizing the need for technology, capital, and governance to make those resources valuable. “When you have materials underground, they’ve been underground for a million years. That does not make them a resource,” he said, pointing out that proper infrastructure and governance are essential for tapping into these resources.
Several executives from major companies, including Chevron, Exxon Mobil, and Conoco, expressed their gratitude for the opportunities presented by the Trump administration to expand their operations in Venezuela. Chevron CEO Mike Worth remarked, “Thank you for conveying this gathering. Thank you for your leadership and thank you for continuing to keep American energy domination in the forefront.”
Trump further stressed the urgency of the U.S. involvement in Venezuela, suggesting that failure to act would allow countries like China and Russia to gain control over its vast resources. “If we didn’t do this then China and Russia would have been there,” he warned, advocating for American business interests to take precedence in the region.
Secretary Rubio addressed the implications for Cuba, given its close ties with Venezuela. He stated that the Cuban government faces a choice between fostering a legitimate economy for its people or maintaining a failing dictatorship. “The people in control in Cuba have a choice to make. They can either have a real country with a real economy where their people can prosper or they can continue with their failing dictatorship that’s going to lead to systemic and societal collapse,” he declared.
As the discussions unfolded, Trump expressed excitement about his upcoming meeting with Maria Corina Machado, a Nobel Peace Prize-winning Venezuelan opposition leader who has been a staunch advocate for democracy in her country. He suggested that her visit would be an opportunity to reinforce U.S. support for democratic movements in Venezuela.
Trump also commented on Greenland's autonomy, asserting that the U.S. would continue to exert pressure to prevent other countries, like Russia and China, from gaining influence in the region. “We are going to do something on Greenland, whether they like it or not,” he stated, emphasizing the strategic importance of Greenland in the context of U.S. national security.
As the meeting concluded, Trump reiterated the need for a stable and democratic government in Venezuela, declaring, “We want stability but we want democracy. Ultimately it will be democracy.” He expressed confidence that the involvement of leading oil companies could dramatically change the trajectory of Venezuela's oil production, which he claimed has been underutilized for years. “They’ve drilled a very very small percentage. That will change very rapidly because these are the biggest people,” Trump concluded.
You might also like: