Trump says oil companies will spend $100 billion in Venezuela with U.S. government protection
The oil industry has been mostly silent on Venezuela as the security situation and stability of the government in Caracas is far from clear.
Last updated: 2026-01-09 21:22:34 ET
The oil industry has been mostly silent on Venezuela as the security situation and stability of the government in Caracas is far from clear.
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Companies are facing a situation where they need to fill their pipelines, but also navigate a competitive environment for the best assets.
Burry has owned Valero Energy since 2020, a position he views as increasingly attractive as the U.S. moves toward a deeper role in reviving Venezuela's oil.