Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Trump to Deploy US Oil Giants to Rebuild Venezuela

Featured Replies

  • Popular Post

2242.png

Following the dramatic capture of Nicolás Maduro, President Donald Trump has announced a bold plan for the United States to "run" Venezuela and revitalize its crippled energy sector. In a press conference following the military operation, Trump revealed that major American energy firms will lead the charge in repairing the nation’s failing infrastructure and tapping into its massive crude reserves.

A New Chapter for Venezuelan Energy

The transition marks a radical shift in U.S. foreign policy. Trump emphasized that the goal is not just a political overhaul but an economic rescue mission powered by American industry. He stated that the world’s "greatest oil companies" will invest billions to fix broken pipelines and refineries that have suffered through years of neglect and sanctions.

According to the administration, these private investments will be used to modernize the oil sector without costing U.S. taxpayers. The "money coming out of the ground" is expected to reimburse costs and eventually generate wealth for a "rich, independent, and safe" Venezuela.

Global Market Stability

While the military intervention has sparked international debate, Trump moved to reassure global markets. He dismissed concerns regarding supply disruptions to major buyers like China, insisting that the U.S. would ensure a steady flow of crude to the global market. "We’re in the oil business," Trump noted, signaling a future where Venezuela becomes a primary global exporter once again under U.S. guidance.

Despite the ambitious plans for reconstruction, the administration confirmed that the existing oil embargo and sanctions remain in full effect for now. This ensures that the U.S. maintains strict control over the transition process and the flow of resources during the initial phase of the new administration.

Key Takeaways

  • US Corporate Leadership: The Trump administration plans to utilize major American oil companies to rebuild Venezuela’s energy infrastructure through multi-billion dollar private investments.

  • Economic Self-Sufficiency: The plan aims to fund the national transition using Venezuela's own oil revenue, ensuring the operation is "reimbursed" by the country’s natural resources.

  • Market Assurance: Trump has promised that the U.S. involvement will stabilize global oil supplies and maintain export relations with international partners, including China.


image.png
  Adapted by ASEAN Now from The Guardian2026-01-04

 

 

image.png

 

image.png

  • Replies 77
  • Views 2.6k
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • JimHuaHin
    JimHuaHin

    So the USA can do what ever it wants to whom ever it wants, without consequences? I await the global boycotts of the USA and USA produce and products, and the cyber attacks against same. Putin and X

  • JBChiangRai
    JBChiangRai

    I wonder if Trump will be referred to the ICC and an arrest warrant be forthcoming. International Law is very clear. Venezuela's oil belongs to Venezuela and Trump has been quite clear it's one of t

  • dinsdale
    dinsdale

    Interesting when you get a thumbs down for posting a fact. To the thumb down troller how about posting why my comment isn't accurate. 2001 Chavez brought in state ownership of oil and gas reserves. Th

Posted Images

Trump: We are going to run Venezuela until we can do a safe, proper and judicious transition

Sat, Jan 3 202611:59 AM EST Updated 4 Hours Ago -- President Donald Trump said the U.S. is going to temporarily take over governing Venezuela after launching a large-scale surprise attack on the country overnight.

“We are going to run the country until such time as we can do a safe, proper and judicious transition,” Trump said in a press conference Saturday morning from his Mar-a-Lago residence in Palm Beach, Florida.

Trump said the U.S. would be in charge of Venezuela until there is a safe transition of leadership. He also said the U.S. would be running the country “with a group” and “designating various people,” without providing details.

According to Trump, Venezuelan Vice President Delcy Rodríguez was sworn in as president and had been in contact with Secretary of State Marco Rubio.

https://www.cnbc.com/2026/01/03/trump-venezuela.html

“We are going to run the country until such time as we can do a safe, proper and judicious transition,” Trump said in a news conference from his Mar-a-Lago resort.

“We can’t take a chance that somebody else takes over Venezuela that doesn’t have the good of the Venezuelan people in mind.” He added that the U.S. would run Venezuela “with a group” and would be “designating various people” in charge — pointing to Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Joint Chiefs of Staff Chair Gen. Dan “Razin” Caine behind him.

The announcement is a massive escalation of U.S. intervention after questions have swirled for months about whether the U.S. would actually formally enter the country — and what the Trump administration’s plans would be for the transition. “We’re not afraid of boots on the ground,” Trump said today. Politico via

https://archive.ph/cBAut#selection-1705.0-1730.0

  • Popular Post

Let's face it nationalising the industry and seizing foreign owned assets was a disaster. Venezuela went from rich to poor in two decades.

  • Popular Post

So the USA can do what ever it wants to whom ever it wants, without consequences?

I await the global boycotts of the USA and USA produce and products, and the cyber attacks against same.

Putin and Xi must be celebrating Trump's stupidity; Trump just opened the door to anything goes.

  • Popular Post
55 minutes ago, JerryM said:

“We can’t take a chance that somebody else takes over Venezuela that doesn’t have the good of the Venezuelan people in mind.” He added that the U.S. would run Venezuela “with a group” and would be “designating various people” in charge — pointing to Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Joint Chiefs of Staff Chair Gen. Dan “Razin” Caine behind him.

-- in their spare time.

  • Popular Post

I wonder if Trump will be referred to the ICC and an arrest warrant be forthcoming.

International Law is very clear. Venezuela's oil belongs to Venezuela and Trump has been quite clear it's one of the reasons for him declaring war on Venezuela.

  • Popular Post

Trump to Deploy Thieving US Oil Giants to Steal Venezuela

Fixed it.

15 minutes ago, dinsdale said:

Let's face it nationalising the industry and seizing foreign owned assets was a disaster. Venezuela went from rich to poor in two decades.

Interesting when you get a thumbs down for posting a fact. To the thumb down troller how about posting why my comment isn't accurate. 2001 Chavez brought in state ownership of oil and gas reserves. This was done to improve the lives of the people. Recent estimates puts the annual inflation rate around 170%. As I said it was a disaster and to add to that it only improved the lives of the extremely corrupt few. So I guess another thumbs down for this from the troller.

  • Popular Post

What could possibly go wrong?

The most corrupt and shambolic (and anti-democracy) president in American history is going to run another country full of people that he doesn't care about.

28 minutes ago, dinsdale said:

Let's face it nationalising the industry and seizing foreign owned assets was a disaster. Venezuela went from rich to poor in two decades.

via AI Gemini:

Other U.S. oil companies have been effectively forced to boycott Venezuela. Chevron is currently the only major U.S. oil company with a specific, restricted license from the U.S. Treasury Department to operate in the country.

  • Popular Post
24 minutes ago, JimHuaHin said:

So the USA can do what ever it wants to whom ever it wants, without consequences?

I await the global boycotts of the USA and USA produce and products, and the cyber attacks against same.

Putin and Xi must be celebrating Trump's stupidity; Trump just opened the door to anything goes.

Your last sentence -- you nailed it.

  • Popular Post
1 hour ago, JerryM said:

We’re not afraid of boots on the ground,” Trump said today.

That is just as well, because they will without a doubt be needed.

You cannot take over and run another country without putting in occupation forces - that is why it is called an occupation. Whether you use conventional troops or "private military companies" (and I'll bet that they and the corporations will be lobbying hard for that) you will need "boots on the ground" indefinitely; and when the private military companies are unable to cope, then the demands will come for troops. Venezuela is a big country, they will need a lot of troops.

I wonder if this was actually thought through? What if there is a sustained guerilla campaign (almost inevitable) against American occupation? What if Venezuela's civil institutions are either unwilling or unable to co-operate with an occupying foreign power? What will be US domestic reaction when the casualties start to mount? What will happen when (again likely) the US political scene changes, and they leave the mess behind!

Short term wealth gains for the big corporations perhaps, but at a huge cost.

15 minutes ago, JAG said:

Short term

Short term?

Even if international access were fully restored tomorrow, it could take years and incredible expense to bring Venezuelan oil production fully back online. Venezuelan state-owned oil and natural gas company PDVSA says its pipelines haven’t been updated in 50 years, and the cost to update the infrastructure to return to peak production levels would cost $58 billion.

International sanctions on the Venezuelan government and a deep economic crisis contributed to the decline of the country’s oil industry — but so did a lack of investment and maintenance, according to the EIA. Venezuela’s energy infrastructure is deteriorating, and its capacity to produce oil has been greatly diminished over the years.

https://edition.cnn.com/2026/01/03/business/oil-gas-venezuela-maduro

1 hour ago, dinsdale said:

Interesting when you get a thumbs down for posting a fact. To the thumb down troller how about posting why my comment isn't accurate. 2001 Chavez brought in state ownership of oil and gas reserves. This was done to improve the lives of the people. Recent estimates puts the annual inflation rate around 170%. As I said it was a disaster and to add to that it only improved the lives of the extremely corrupt few. So I guess another thumbs down for this from the troller.

Well, actually, Venezuela first nationalized its oil industry in 1976. There was a reopening to minority investment in the 1990's but it didn't give or share ownership of oil reserves with the oil companies. Rather the agreements gave them operational control of certain oil fields and a share of the profits.

  • Popular Post
1 hour ago, JAG said:

That is just as well, because they will without a doubt be needed.

You cannot take over and run another country without putting in occupation forces - that is why it is called an occupation. Whether you use conventional troops or "private military companies" (and I'll bet that they and the corporations will be lobbying hard for that) you will need "boots on the ground" indefinitely; and when the private military companies are unable to cope, then the demands will come for troops. Venezuela is a big country, they will need a lot of troops.

I wonder if this was actually thought through? What if there is a sustained guerilla campaign (almost inevitable) against American occupation? What if Venezuela's civil institutions are either unwilling or unable to co-operate with an occupying foreign power? What will be US domestic reaction when the casualties start to mount? What will happen when (again likely) the US political scene changes, and they leave the mess behind!

Short term wealth gains for the big corporations perhaps, but at a huge cost.

Phillips O'Brien, a military expert, said that at a minimum there would be needed 50,000 troops on the ground to maintain order. He also noted that right now there are 30,000 Cuban troops in Venezuela who Maduro imported because he didn't trust his own troops to protect him. Supposedly, those troops threatened to kill him if he attempted to flee. Cuba depends on cheap Venezuelan oil.

1 minute ago, Alan Zweibel said:

Well, actually, Venezuela first nationalized its oil industry in 1976. There was a reopening to minority investment in the 1990's but it didn't give or share ownership of oil reserves with the oil companies. Rather the agreements gave them operational control of certain oil fields and a share of the profits.

Well actually Venezuela first nationalized it's oil industry in 1946 but the disaster really began in 2013.

_105345703_venezuela-inflation_v3_976-nc.png.webp

No image preview

Venezuela: All you need to know about the crisis in nine...

Discontent fuelled by hyperinflation, power cuts and food and medicine shortages have led to a political crisis in Venezuela. What's going on?

_105324005_gdp-nc.png.webp

_105345704_oil-nc.png.webp

2 minutes ago, dinsdale said:

Well actually Venezuela first nationalized it's oil industry in 1946 but the disaster really began in 2013.

_105345703_venezuela-inflation_v3_976-nc.png.webp

You got a link to support your claim that Venezuela first nationalized its oil in 1946?

Just now, Alan Zweibel said:

You got a link to support your claim that Venezuela first nationalized its oil in 1946?

Venezuela, which has the world’s largest petroleum reserves, had already nationalized its oil through laws in 1943 (not 46 typo).

https://peoplesdispatch.org/2026/01/02/the-us-war-on-venezuela-began-in-2001/

This wasn't, however, full nationalisation in which you are correct. That was 76.

2 minutes ago, dinsdale said:

Venezuela, which has the world’s largest petroleum reserves, had already nationalized its oil through laws in 1943 (not 46 typo).

https://peoplesdispatch.org/2026/01/02/the-us-war-on-venezuela-began-in-2001/

Well, if the People's Dispatch, whatever that is, says so it must be the case. But actually no:

75 Years after the 1943 Agreements

Lessons and Proposals for the Reconstruction of the Oil Sector

March 13 of this year marked the 75th anniversary of the promulgation of the Hydrocarbons Law of 1943. This law, together with the agreements that accompanied it, created the foundations of the longest lasting stage and the most vigorous expansion of the Venezuelan oil industry. This report explores the lessons to be learned from everything that has happened in the Venezuelan oil sector since that law, in order to examine how it may be possible to facilitate the recovery of the hydrocarbon sector.

https://www.csis.org/analysis/75-years-after-1943-agreements

And this is from Gemini AI:

While the subsoil (the oil itself) had historically been considered property of the state under Spanish law, the Hydrocarbons Law of 1943 was a major shift in how the wealth was shared and how private companies were regulated.

The Hydrocarbons Law of 1943

Instead of a total state takeover, President Isaías Medina Angarita negotiated a "Great Reform" that fundamentally changed the relationship with foreign oil giants like Shell and Exxon:

  • The "50-50" Principle: The law established a framework where the Venezuelan government and the foreign companies would split the profits approximately 50-50. This was achieved through a combination of increased royalties (set at 16.67%) and a new income tax.

  • Unification of Concessions: Before 1943, companies held a messy patchwork of old contracts with varying terms. The new law forced them to trade these in for uniform 40-year concessions.

  • The Reversion Clause: Crucially, the law stated that at the end of these 40-year terms (around 1983), all oil installations, equipment, and fields would revert to the state without compensation.

  • Refining Requirements: It mandated that companies refine a larger portion of their oil within Venezuela rather than exporting all of it as crude.

When did Nationalization actually happen?

The actual, full nationalization of the Venezuelan oil industry occurred on January 1, 1976, under President Carlos Andrés Pérez.

  1. Early Reversion: Due to the global oil crisis of the 1970s and rising nationalism, the government decided not to wait for the 1943 concessions to expire in the 1980s.

  2. Creation of PDVSA: On New Year's Day 1976, the state officially took over all operations and assets of foreign companies, creating the state-owned entity Petróleos de Venezuela S.A. (PDVSA).

  3. Compensation: Unlike later expropriations under Hugo Chávez, the 1976 nationalization involved a negotiated compensation package for the departing foreign firms.

1 hour ago, JAG said:

That is just as well, because they will without a doubt be needed.

You cannot take over and run another country without putting in occupation forces - that is why it is called an occupation. Whether you use conventional troops or "private military companies" (and I'll bet that they and the corporations will be lobbying hard for that) you will need "boots on the ground" indefinitely; and when the private military companies are unable to cope, then the demands will come for troops. Venezuela is a big country, they will need a lot of troops.

I wonder if this was actually thought through? What if there is a sustained guerilla campaign (almost inevitable) against American occupation? What if Venezuela's civil institutions are either unwilling or unable to co-operate with an occupying foreign power? What will be US domestic reaction when the casualties start to mount? What will happen when (again likely) the US political scene changes, and they leave the mess behind!

Short term wealth gains for the big corporations perhaps, but at a huge cost.

Probably it will go the same way as Iraq. Private mercenary armies will take over and then we will have the "terrorists attacks" like the ones we saw in Iraq: special forces occupiers dressed as Arabs and with cars full of explosives. Iraq is a first world country now, so well developed.

12 minutes ago, GoodieAfterDark said:

Probably it will go the same way as Iraq. Private mercenary armies will take over and then we will have the "terrorists attacks" like the ones we saw in Iraq: special forces occupiers dressed as Arabs and with cars full of explosives. Iraq is a first world country now, so well developed.

Yes indeed. Timely interventionism has created a typically prime example of how to "save" a population after destabilizing it .

Just now, 0ffshore360 said:

Yes indeed. Timely interventionism has created a typically prime example of how to "save" a population after destabilizing it .

Hegelian Dialectic: problem, reaction, solution.

2 minutes ago, GoodieAfterDark said:

Hegelian Dialectic: problem, reaction, solution.

Plus infliction then extraction.

  • Popular Post
3 hours ago, Jingthing said:

What could possibly go wrong?

The most corrupt and shambolic (and anti-democracy) president in American history is going to run another country full of people that he doesn't care about.

But he DOES care. And quite possibly many of the Venezualan refugees/migrants currently in the US will be able to go home. A win for the US and a win for Venezuela. Something like a million are currently in the country- if even half go back that is huge.

28 minutes ago, Hanaguma said:

But he DOES care. And quite possibly many of the Venezualan refugees/migrants currently in the US will be able to go home. A win for the US and a win for Venezuela. Something like a million are currently in the country- if even half go back that is huge.

No he doesn't.

  • Popular Post

We're back to Colonialist and Imperialistic times, where might makes right.

Putin is now justified in trying to rebuild the empire of Nicolas II. Latvia, Lithuania and Estonia, plus eastern Poland...you're on notice.

Taiwan, it's over for you little renegade province. And all the disputed islands in the Pacific...step back Philippines, Malaysia and Vietnam...they're part of the Middle Kingdom.

Funny how under Biden so many MAGAs---including most on this site who are so vociferously applauding Trump's aggression---argued the US should be "America First", and if countries like Ukraine wanted to be free, all those in exile should just go home and fight themselves for their freedom, Why is Venezuela the US' responsibility?

Oh, yes...oil and Big Oil profits. The Donor Class. Kind of like Iran 1953.

I don't quite understand Trump's statements or all the excitement announcing a big change, since there hasn't been a regime change in Venezuela. There are other members of the Maduro government who are in power. The elected opposition that was denied power is still out of power and the Maduro faction or whatever they are called now are still running things. Aside from Maduro being taken to the USA, obviously with assistance from Venezuelan administration members, has anything actually changed?

The progressive movement is going to have a moral dilemma now. A regime change is what the majority of Venezuela's people want. Maduro was not legally the President as he had rigged an election. To not support a regime change is to deny the people their original elected government. There are approx. 8 million refugees from the country celebrating Maduro's removal.

Trump's emphasis on restoring an oil sector won't bode well for those who want to phase out high polluting fossil fuels. Venezuelan crude was some of the worst. Much of its oil industry expertise fled to Canada where their expertise was used in the tar sands. If Venezuela crude comes back in large amounts, it will devastate the Canadian oil sector and force down the already depressed crude prices. Canada can't afford to lose the revenue, especially Alberta. It is dependent upon selling the oil to the USA for refining. The country doesn't have the refining capacity, and doesn't have the means to increase exports to other markets. Spain is another loser because it's position as the big brother in Latin America has just been pushed aside. It did little as Maduro abused his people. Columbia and Mexico are probably secretly happy as millions of the refugees are in their countries and they would love for them to go home.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.