Trump : on meeting with oil executives: “A lot of money is going to be made”
Trump: “A lot of money is going to be made” is what US President Donald Trump declared when he met with senior oil and gas executives at the White House on Friday (local time) to encourage significant investments in Venezuela’s energy industry.
He had previously told reporters, “We just had a great meeting with the oil executives, we sort of formed a deal.”According to Fox News, Trump said, “They’re going to be going in with hundreds of billions of dollars in drilling oil, and it’s good for Venezuela and it’s great for the United States.”It’s going to be quite profitable. We had a terrific meeting with the largest firms in the world today, and oil prices will drop, even though they are now declining rather well without it,” he remarked.
He had previously given the CEOs assurances about security and safety in Venezuela.
claiming that because American ingenuity helped to build the Venezuelan oil sector, the US will now do “everything” possible to protect the “stolen” assets.
Nearly two dozen of the “biggest and most respected” oil and gas executives in the world visited the White House, which Trump claimed was a great honor.
The president of the United States said that the departure of Nicolas Maduro made it feasible for both countries to have an amazing future and that the economies of the two big Western Hemisphere energy powerhouse would become more integrated.
“You’re dealing with us directly, not Venezuela,” Trump assured the country’s top security and safety officials. It is a completely different Venezuela; you are completely protected and secure.
Additionally, the president emphasized America’s historical contribution to the development of Venezuela’s oil sector.Venezuela’s oil sector was developed by the United States decades ago using American money, expertise, technology, and skills. However, we had presidents who did nothing to stop the theft of those assets. We’re doing all we can to address it now,” Trump said.
The meeting coincides with Trump’s administration’s larger initiatives to bring in at least $100 billion in private capital to restore Venezuela’s faltering oil infrastructure.