Trump's "Let's invest in the Venezuelan oil sector" is his new "let's bring back coal" from the campaign trail.
We are in the process of replacing every oil guzzling vehicle with an electric car. In Norway 32 percent of cars were already electric in 2024. Even in China, 11 percent of their cars have already been converted.
When this conversion is complete, the use of oil will have declined by 70 percent, and oil prices will collapse.
No investors will invest in Trump's fantasy future.
So, no need to call American companies to Venezuela, since they are already there ( #Chevron ).
Then, in spite of the increase on EV sales, combustion cars remain a majority of car sales worldwide (as far as 2023).
https://ourworldindata.org/data-insights/global-sales-of-combustion-engine-cars-have-peaked
