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BTCC / BTCC Square / Global Cryptocurrency /
Trump’s $100B Venezuela Oil Gambit Meets Crypto Market Skepticism

Trump’s $100B Venezuela Oil Gambit Meets Crypto Market Skepticism

Author:
Global Cryptocurrency
Published:
2026-01-10 06:15:01
20
2
BTCCSquare news:

President TRUMP summoned Exxon, Chevron, Repsol and Eni executives to the White House with a blunt proposition: Venezuela's oil fields were now 'open for business' under U.S. control following the January 3 raid against Nicolás Maduro. The pitch promised 'lower energy prices' for Americans, but energy executives balked at the political risk.

Exxon CEO Darren Woods voiced industry concerns, noting the company had its Venezuelan assets seized twice already. 'Today it's uninvestable,' he stated, despite Venezuela's estimated 300 billion barrels of crude reserves. Chevron continues operating at 20% capacity while Repsol produces 45,000 barrels daily—potential growth scenarios that could impact energy-linked crypto assets like OIL token derivatives.

The standoff highlights how geopolitical risk factors now ripple across both traditional and digital asset markets. Traders on Binance and Bybit have been accumulating energy-correlated tokens like FIL (Filecoin's decentralized storage network could benefit from oil industry data needs) and XRP (used in cross-border payments for commodity trades). Meanwhile, bitcoin mining operations in Texas are monitoring potential energy price fluctuations.

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