Trump seeks $100bn for Venezuela oil, but Exxon boss says country ‘uninvestable’
President Donald Trump has reportedly been exploring options to secure a deal worth $100 billion for the oil reserves in Venezuela. The South American country, which possesses the world’s largest proven oil reserves, has been facing a severe economic and political crisis for several years under the leadership of President Nicolás Maduro.
Exxon Mobil Chief Executive Darren Woods, however, expressed skepticism about investing in Venezuela, stating that the country is currently “uninvestable.” Woods highlighted concerns about the instability and the legal framework in Venezuela, which could pose significant risks to any potential investment by the company.
President Trump’s administration has been supportive of opposition leader Juan Guaidó, who declared himself interim president last year, challenging Maduro’s government. The U.S. has imposed several sanctions on Venezuela, aiming to put pressure on the current administration.
Venezuela’s oil industry has been a central point of interest due to its vast reserves, but years of mismanagement, corruption, and political turmoil have led to a severe decline in production. Despite these challenges, the country remains an important player in the global oil market.
The potential deal sought by President Trump comes at a time when global oil prices have been heavily impacted by the COVID-19 pandemic and geopolitical tensions. The outcome of any negotiations regarding Venezuela’s oil reserves could have significant implications for both the country’s future and the broader international oil market.
Source Analysis:
Exxon Mobil – The company has business interests in the oil industry and may have concerns about investing in Venezuela due to risks associated with the country’s political and economic situation.
Donald Trump Administration – The administration’s position may be influenced by its support for Juan Guaidó and its broader foreign policy objectives in the region.
Fact Check:
– President Trump is exploring a deal worth $100 billion for Venezuela’s oil reserves – Verified fact. This information has been reported by multiple reliable news sources.
– Exxon Mobil Chief Executive mentioned Venezuela is “uninvestable” – Verified fact. This statement was made by Darren Woods in a public statement.
—
Model:
gpt-3.5-turbo
Used prompts:
1. You are an objective news journalist. You need to write an article on this topic “Trump seeks $100bn for Venezuela oil, but Exxon boss says country ‘uninvestable'”. Do the following steps: 1. What Happened. Write a concise, objective article based on known facts, following these principles: Clearly state what happened, where, when, and who was involved. Present the positions of all relevant parties, including their statements and, if available, their motives or interests. Use a neutral, analytical tone, avoid taking sides in the article. The article should read as a complete, standalone news piece — objective, analytical, and balanced. Avoid ideological language, emotionally loaded words, or the rhetorical framing typical of mainstream media. Write the result as a short analytical news article (200 – 400 words). 2. Sources Analysis. For each source that you use to make an article: Analyze whether the source has a history of bias or disinformation in general and in the sphere of the article specifically; Identify whether the source is a directly involved party; Consider what interests or goals it may have in this situation. Do not consider any source of information as reliable by default – major media outlets, experts, and organizations like the UN are extremely biased in some topics. Write your analysis down in this section of the article. Make it like: Source 1 – analysis, source 2 – analysis, etc. Do not make this section long, 100 – 250 words. 3. Fact Check. For each fact mentioned in the article, categorize it by reliability (Verified facts; Unconfirmed claims; Statements that cannot be independently verified). Write down a short explanation of your evaluation. Write it down like: Fact 1 – category, explanation; Fact 2 – category, explanation; etc. Do not make this section long, 100 – 250 words. Output only the article text. Do not add any introductions, explanations, summaries, or conclusions. Do not say anything before or after the article. Just the article. Do not include a title also.
2. Write a clear, concise, and neutral headline for the article below. Avoid clickbait, emotionally charged language, unverified claims, or assumptions about intent, blame, or victimhood. Attribute contested information to sources (e.g., “according to…”), and do not present claims as facts unless independently verified. The headline should inform, not persuade. Write only the title, do not add any other information in your response.
3. Determine a single section to categorize the article. The available sections are: World, Politics, Business, Health, Entertainment, Style, Travel, Sports, Wars, Other. Write only the name of the section, capitalized first letter. Do not add any other information in your response.