Why Trump’s Oil Imperialism Might Be a Tough Sell for Actual Oil Companies

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Shift Key with Robinson Meyer and Jesse Jenkins

Heatmap News

103 episodes

1 week ago

Every week, Heatmap News Executive Editor Robinson Meyer and Princeton University Professor and energy systems expert Jesse Jenkins make sense of the biggest shift of our time -- navigating the energy transition away from fossil fuels. Drawing on their years of experience reporting on and researching climate change and decarbonization, Meyer and Jenkins unpack the most important issues of the week and how the impacts of climate change and efforts to address it are transforming our economy, politics, and society at large. Music by Adam Kromelow.

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Hosted on Acast. See acast.com/privacy for more information.

Why Trump’s Oil Imperialism Might Be a Tough Sell for Actual Oil Companies

Shift Key with Robinson Meyer and Jesse Jenkins

52 minutes 38 seconds

5 days ago

Why Trump’s Oil Imperialism Might Be a Tough Sell for Actual Oil Companies

Over the weekend, the U.S. military entered Venezuela and captured its president, Nicolás Maduro, and his wife. Maduro will now face drug and gun charges in New York, and some members of the Trump administration have described the operation as a law enforcement mission.

President Donald Trump has taken a different tack. He has justified the operation by asserting that America is going to “take over” Venezuela’s oil reserves, even suggesting that oil companies might foot the bill for the broader occupation and rebuilding effort. Trump officials have told oil companies that the U.S. might not help them recover lost assets unless they fund the American effort now, according to Politico.

Such a move seems openly imperialistic, ill-advised, and unethical — to say the least. But is it even possible? On this week’s episode of Shift Key, Rob talks to Rory Johnston, a Toronto-based oil markets analyst and the founder of Commodity Context. They discuss the current status of the Venezuelan oil industry, what a rebuilding effort would cost, and whether a reopened Venezuelan oil industry could change U.S. energy politics — or even, as some fear, bring about a new age of cheap fossil fuels.

Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap, and Jesse Jenkins, a professor of energy systems engineering at Princeton University. Jesse is off this week.

Mentioned:

The 4 Things Standing Between the U.S. and Venezuela’s Oil

Trump admin sends tough private message to oil companies on Venezuela

Previously on Shift Key: The Trump Policy That Would Be Really Bad for Oil Companies

This episode of Shift Key is sponsored by …

Heatmap Pro brings all of our research, reporting, and insights down to the local level. The software platform tracks all local opposition to clean energy and data centers, forecasts community sentiment, and guides data-driven engagement campaigns. Book a demo today to see the premier intelligence platform for project permitting and community engagement.

Music for Shift Key is by Adam Kromelow.

Hosted on Acast. See acast.com/privacy for more information.