Mon Jan 05 20:32:04 UTC 2026: # Trump’s Venezuela Claims Contradicted by Oil Executives

The Story:
President Donald Trump’s claim that he consulted with major U.S. oil companies, including Exxon Mobil, ConocoPhillips, and Chevron Corp, before and after the capture of Venezuelan President Nicolas Maduro on January 3, 2026, has been refuted by multiple oil industry executives. Sources within these companies state that no such consultations occurred, and they had no prior knowledge of the U.S. operation to seize Maduro.

Key Points:

  • U.S. forces captured Venezuelan President Nicolas Maduro on January 3, 2026.
  • President Trump claimed to have consulted with Exxon Mobil, ConocoPhillips, and Chevron Corp regarding investment plans in Venezuela both before and after the capture.
  • Four oil industry executives deny any consultations with the White House regarding operating in Venezuela, either before or after Maduro’s removal.
  • The executives stated their companies had no prior knowledge of the U.S. operation.
  • The White House has not yet responded to a request for comment.

Key Takeaways:

  • President Trump’s claims about consulting with oil companies appear to be false, undermining his credibility.
  • The lack of consultation suggests a potentially rushed or poorly planned U.S. operation in Venezuela.
  • The oil companies’ denial highlights the risks and uncertainties of investing in a politically unstable country like Venezuela, even after Maduro’s removal.

Impact Analysis:

  • Geopolitical Implications: The U.S. action in Venezuela and the subsequent lack of transparency could further strain relations with other nations in Latin America and beyond. This could lead to increased instability in the region.
  • Economic Impact: The oil companies’ reluctance to invest immediately after Maduro’s removal demonstrates the economic uncertainty that remains. Without significant foreign investment, Venezuela’s oil industry may struggle to recover, hindering its economic prospects.
  • Political Ramifications: This situation could fuel domestic political controversy within the U.S., especially if it is perceived as another example of the Trump administration acting unilaterally without proper planning or consultation. The administration may face criticism from both sides of the aisle.

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