Oil Industry Never Promised to Invest $100 Billion

[applegrove]

Oil Industry Never Promised to Invest $100 Billion

January 9, 2026 at 2:06 pm EST By Taegan Goddard 79 Comments

https://politicalwire.com/2026/01/09/oil-industry-never-promised-to-invest-100-billion/

President Trump told Sean Hannity last night that the major oil companies have pledged to invest $100 billion in improving Venezuela’s oil infrastructure, but an industry insider told CNN: “We have no idea where this $100 billion figure is coming from.”

Applegrove: maybe the oil industry is not interested in an oversupply of oil and lower prices.

[Irish_Dem]

1. US taxpayer will be forced to pay for the oil production.

Oil companies have no liability.
And rake in the profits.

[senseandsensibility]

2. Well CNN is gullibly running the chyron right now saying

that they did.