U.S. oil executive on Venezuela: “No one wants to go in there when a random f*cking tweet can change the entire foreign policy of the country” — FT
— NewsWire (@NewsWire_US) January 8, 2026
Trump & the White House have been FORCING oil prices down thus eroding return on investment. In the Permian Basin the most productive U.S. oil patch breakeven prices currently range between $62 and $64 per barrel. With the U.S. benchmark / WTI trading around $57 as of 01/08/2026 many producers are already selling oil for less than the cost of extraction.
Analysts estimate that projects in Venezuela require a global oil price of at least $80 per barrel to turn a profit due to the massive investment required to repair decayed infrastructure and due to the higher cost of refining Venezuela’s heavy crude. Add to that disaster Trump’s tariffs on steel, aluminum, copper etc. have INCREASED COSTS by 4% to 40%.
“Planning for new development is extremely difficult right now due to the uncertainty around steel-based products”.
Related: Oil Shale Whiners – https://lamecherry.substack.com/p/oil-shale-whiners
“I have heard the oil shale barons of Canada and Texas are whining that after backing Trump for more rapine that Donald Trump is doing the long term interests of the United States and taking Venezuelan oil.
Here is the reality. Oil shale costs more money to get out of the ground. It became feasible because Barack Hussein Obama drove up all the energy prices which raped us. Never seen an oil shale baron upset that any of us were bankrupted over this and in debt. They have their luxury and wanted more rapine and now because Trump is not greasing the anus for more anal rape of us, they are bitching.
Here is a Darwin reality. If your oil is not worth it, then get off your ass and get Venezuelan oil as you got your fortune and you got your insider deals. Go rape South Americans and do something patriotic for once for America.
Because the reality is, if Donald Trump does not fix this now with Venezuelan oil, all that oil in Canada and Texas is going to be Chinese owned and Chinese chopsticks are going to be up everyone’s asses including these rich oil people.
I hate these selfish bastards. People like me struggle every day and take it and are forced to change and live by Faith, but rich shale barons are so asstard that they can not see a money making deal and the money is not coming from raped Americans so they don’t want it.
Shale oil killed America in the Obama green scheme and America will never recover on shale oil. It is selfishness to not put America first and instead choose your 30 pieces.