President Trump has floated a massive idea that could see US taxpayers footing the bill for American energy giants to completely overhaul Venezuela’s oil infrastructure. This is a huge, game-changing proposal, and it certainly feels like a massive gift to Big Oil. Frankly, I’m not thrilled about the idea of everyday Americans subsidizing corporate expansion on this scale.
The president acknowledged that setting up new oil production in Venezuela, especially after US forces abducted its leader Nicolás Maduro, would require “a lot of money.” He made it clear that while oil companies would be the ones spending the cash up front to repair the infrastructure for extracting and shipping the oil, the government could step in to make them whole.
