Why Big Oil wants no part of Trump-seized Venezuela (Damian Tobin, February 19, 2026, Asia Times)


After the US captured Venezuela’s president at the start of 2026, Donald Trump promised to “unleash” the country’s oil supply. He wanted companies to invest US$100 billion to get hold of it.

Big Oil though, seems less than keen on that idea, appearing to consider Venezuela too expensive or risky.