“In my day, we had to use the C.I.A. to secretly finance military coups if we wanted to steal a country’s resources.”
Maduro was not in the US he was in a country that our law enforcement people had no authority to enforce laws. This was the kidnapping of a foreign leader which is a war crime. Hugs
In a Wall Street Journal op-ed published last week, Speaker Mike Johnson, R-La., declared 2025 “a great year” for House Republicans, calling it “one of the most productive first years of any Congress in our lifetimes.”
But in interviews with more than a dozen House Republicans last week, a far less rosy picture emerged. And as lawmakers prepare to return for what could be the final year of unified Republican control in Washington during Donald Trump’s presidency — if current polling holds — some members are already talking privately about new House leadership in the next Congress.
For Johnson, the case for GOP success rests almost entirely on one accomplishment: the reconciliation bill. Republicans passed the legislation this summer, with Trump signing it into law on July Fourth. In his op-ed, Johnson highlighted the package’s tax cuts, the billions in new border enforcement funding and the more than $1 trillion in cuts to Medicaid.
The House Republicans who spoke to MS NOW agreed the reconciliation bill was a major accomplishment for their party. (It’s worth noting that no Republican took issue with any of the policies that became law in the reconciliation bill, like the tax cuts that are projected to reduce tax revenue by $4.5 trillion over the next decade or those Medicaid cuts that are projected to cause 10.9 million Americans to lose health insurance coverage over that same time period.) But many of these Republicans wondered what the GOP had accomplished since.
Beyond overseeing the longest government shutdown in history and passing a few mandatory bills, many Republicans said they have little to show for their time controlling the White House and both chambers of Congress.
“The latter half of the year, in particular, starting with the speaker’s baffling decision to keep the House out of session for two months while the country was mired in a very harmful shutdown, that did not really match the tone of the op-ed,” Republican Rep. Kevin Kiley of California told MS NOW.
Kiley, a frequent Johnson critic, said the low productivity during the second half of the year was a consequence of the speaker choosing to keep the House out of session during the historic 43-day government shutdown.
“The decision to absent the House from Washington for two months and cancel six great weeks of session,” Kiley said, “I’m not sure the speaker or the House really recovered from that at the end of 2025.”
A second House Republican, who spoke to MS NOW on the condition of anonymity, said the tax cuts delivered through the reconciliation bill were good. “But other than that, like, what else have we done?” the member asked. “Like, I can’t tell you, because we haven’t.”
This GOP lawmaker added that Trump had been very productive, particularly calling out what the Treasury Department, the Department of Homeland Security and the Justice Department had been doing. “Quite the opposite story when you get to both chambers of Congress,” this member said.
“I understand the point Johnson is trying to make here,” another House Republican told MS NOW, “but I don’t think his claims ring true for most Americans. With all due respect, this characterization does not reflect the reality facing the American people.”
This member added that Trump won “a resounding victory in 2024 with a clear mandate,” and yet now, Congress’ approval rating is near all-time lows and the American people are “rightly frustrated that we have not delivered more boldly on that mandate.”
And asked for their thoughts on Johnson’s op-ed, another House Republican called it “a very rosy way of writing their own story.”
The frustration isn’t particularly surprising, given the lack of legislative progress in the second half of last year. But what may be notable, however, is that Republicans are now discussing new leadership in the next Congress.
Yet another House Republican, who asked to remain anonymous to discuss the sensitive conversations, told MS NOW that the current GOP leadership team “is generally viewed as weak, reactive and unintelligent.”
“It is the increasing sense across the entire continuum of the Republican Conference, from the Freedom Caucus to the Tuesday Group, that there is a need to elect an entirely new leadership team in the 120th Congress,” this member said, referring to the hard-line conservative and moderate GOP groups.
“Expect the silent majority in the GOP conference to push for entirely new faces, and an entirely new approach, in the next Congress,” this lawmaker added. “We are already hearing from those who will move to force the legacy figures to step aside at the end of this Congress, and replace them with new, fresh faces — new ideas and a new approach.”
While these conversations are mostly happening behind the scenes — with little appetite to change leadership in the middle of this Congress — some of the chatter has been making its way into public view.
In early December, Rep. Elise Stefanik of New York, a member of House GOP leadership and a close Trump ally, told The Wall Street Journal in an interview that Johnson “certainly wouldn’t have the votes to be speaker if there was a roll-call vote tomorrow.”
Of course, there isn’t a vote tomorrow. And if Johnson loses the House majority, he would obviously face challenges to retain his position as the No. 1 Republican. But if the GOP were to somehow hold on to the majority, removing Johnson would be difficult.
Still, another GOP lawmaker agreed with Stefanik’s assessment that Johnson would lose a vote tomorrow: “A good attorney. A good man. A bad politician,” this member said.
Kiley said there were “definitely frustrations” with Johnson’s leadership among a cross section of the conference. “I don’t discount how challenging the job is, but he seems to have done the one thing that frustrates pretty much everyone in our conference, by simply making the House of Representatives a lot less relevant in recent months,” Kiley said.
That decaying relevance has come as Johnson has deferred much of Congress’ power to the executive branch. The legislative branch’s reduced role in the checks-and-balances system of government came into greater focus over the weekend, when Trump bombed Venezuela and put U.S. boots on the ground to capture Venezuelan president Nicolás Maduro — without congressional authorization.
Where congressional leaders of previous eras might take issue with the president conducting offensive strikes without authorization — or at least insist on congressional input — Johnson applauded the president Saturday for a “decisive and justified operation that will protect American lives.”
“President Trump is putting American lives first, succeeding where others have failed, and under his leadership the United States will no longer allow criminal regimes to profit from wreaking havoc and destruction on our country,” Johnson wrote on X.
Johnson has seemed to grasp that his power as a Republican leader depends greatly, if not entirely, on Trump’s approval. And as Trump has seized power from the legislative branch — through tariffs, through impoundments, through executive orders, through emergency declarations and by his administration ignoring congressional orders — Johnson has been an enthusiastic partner of the president.
Reached for comment, the speaker’s office referred MS NOW to the message in the op-ed and the more than 100 influential conservative and industry and community leaders touting the House GOP’s accomplishments in 2025.
Still, the numbers paint a more humble picture.
With Republicans controlling the House, Senate and White House, 38 bills became law this year — exactly half of the 76 bills that were enacted under full Democratic control in 2021 and far short of the 74 bills that were signed under full GOP control in 2017. (In 2009, when Democrats also had unified control of Congress and the White House, they passed 115 bills into law.)
Johnson wasn’t without defenders. Several Republicans pointed out that Johnson was grappling with a razor-thin majority — decreasing to a two-vote cushion at one point — which makes passing major legislation difficult.
Rep. Eric Burlison, R-Mo., a second-term lawmaker who is part of the Freedom Caucus, called 2025 “one of the best years Congress has had.”
“While we may not have passed a bunch of individual bills, the amount of legislation, and good legislation, that was passed in the ‘one big, beautiful bill’ is quite a bit,” Burlison said.
He did, however, push back on Johnson’s description of 2025 as “one of the most productive first years of any Congress in our lifetime.”
“I don’t know if you’d say the most productive,” Burlison said. “I’d say it’s the best in at least a generation. And by best, I mean we didn’t pass a bunch of swampy things; we passed really good legislation.”
Rep. Don Bacon, R-Neb., a retiring moderate, similarly touted the breadth of policy in the reconciliation bill, as well as the annual defense policy bill, which Congress has passed every year for more than six decades.
“If you just look at the number of bills passed, it’s easy to say, I guess, that’s a low production, but I think if you have a little bit of nuance, it was probably more than just that low number, because the reconciliation bill had tons of tax policy in it,” Bacon said, though he added that “the real answer” is that “I sure wish we could have got more done.”
Notably absent from the list of accomplishments? A fix for health care, as Obamacare subsidies expired, driving up prices for tens of millions of Americans.
“Substantively, what we’ve done, the biggest thing is that ‘big, beautiful bill,’” one of the previously quoted lawmakers said. “And the biggest deficiency is certainly the health care.”
At the end of his op-ed, Johnson said “the best is yet to come.” But some House Republicans are just wishing for some normalcy.
Asked what they were most hopeful for in the second half of the 119th Congress, another one of the previously quoted lawmakers had a modest ambition: “Little or no drama.”
Trump flags fly as rioters take over the steps of the Capitol on the East Front on Wednesday, Jan. 6, 2021. (Bill Clark/CQ-Roll Call, Inc via Getty Images)
Five years ago today, on January 6, 2021, a violent mob stormed the Capitol building. Following the attack, over a hundred major companies released statements condemning the insurrection and promising to stop donating to the 147 members of Congress who voted to overturn the 2020 election, or to halt all political donations entirely.
Since returning to office, President Trump has continued to push false claims that the 2020 election was “rigged,” “stolen,” and filled with “fraud.” On Trump’s first day as president, he issued sweeping pardons and commutations for some of those involved in the Capitol insurrection. In a presidential action, Trump wrote that the pardons and commutations ended “a grave national injustice.”
The current members of Congress who voted to overturn the 2020 election have embraced Trump’s return to the White House. None has expressed any regret for their vote.
Nevertheless, most companies that pledged to stop donating to these lawmakers have broken their promise.
After January 6, 2021, for example, a Cigna spokesperson gave CNN the following statement:
There is never any justification for violence or the kind of destruction that occurred at the U.S. Capitol last week – a building that stands as a powerful symbol of the very democracy that makes our nation strong. Accordingly, CignaPAC will discontinue support of any elected official who encouraged or supported violence, or otherwise hindered a peaceful transition of power.
Cigna, however, has since donated hundreds of thousands of dollars to lawmakers who voted to overturn the election. In April 2021, a spokesperson for the company told the New York Times that resuming donations to members of Congress who voted to overturn the election did not violate its pledge because congressional voting is “by definition, part of the peaceful transition of power.” Cigna argued that its pledge only applied to “those who incited violence or actively sought to obstruct the peaceful transition of power through words and other efforts.”
Comcast, however, has since broken its pledge and donated hundreds of thousands of dollars to lawmakers who voted to overturn the election. Comcast also donated $1 million to Trump’s 2025 inaugural fund and was among the donors to Trump’s new White House ballroom, according to a list released by the White House.
After January 6, 2021, a spokesperson for General Mills said it had “suspended contributions to any member of Congress who voted to override the results of the U.S. presidential election.” In January 2025, Popular Information reported that the company had thus far upheld its pledge. Last year, however, General Mills resumed donations to lawmakers who voted to overturn the election. On March 27, the company donated $1,000 to Representative Kevin Hern (R-OK). On June 12, the company donated $1,000 to Representatives Glenn Thompson (R-PA) and Adrian Smith (R-NE), and an additional $1,000 to Hern.
Popular Information is an independent newsletter dedicated to accountability journalism since 2018. It is made possible by readers who upgrade to a paid subscription.
The promise keepers
While many companies have broken the pledges they made after January 6, 2021, some companies have kept their promises. Popular Information identified 10 companies that have upheld their promise to stop donating to members of Congress who voted to overturn the 2020 election
Farmers Insurance
Following the Capitol insurrection, former Farmers Group CEO Jeff Dailey released a statement promising to suspend political donations. “Like many Americans, we were horrified by the acts of violence that took place in our nation’s capital. While we recognize and support all Americans’ right to peacefully protest and exercise free speech, we strongly condemn acts of violence and hateful rhetoric,” Dailey said in the statement, according to CNN. Since January 6, 2021, the insurance company has kept its promise and has not donated to any members of Congress who voted to overturn the election.
Unlike Farmers Group, several other insurance companies — including Blue Cross Blue Shield and Allstate — broke their promises to withhold their money from those who voted against certifying the 2020 election results.
Airbnb
After January 6, 2021, Airbnb released a statement promising to withhold donations from those who voted against certifying the election. “Airbnb strongly condemns last week’s attack on the US Capitol and the efforts to undermine our democratic process,” the company said. The company also released a safety plan for the 2021 inauguration, including canceling Airbnb reservations in Washington, D.C., made by those associated with a hate group and banning individuals involved in the Capitol insurrection from the platform. Since January 6, 2021, Airbnb has kept its promise and has not donated to any members of Congress who voted to overturn the election.
Expedia Group
While Expedia Group and Airbnb have not given any money to election deniers since 2021, other travel and hospitality companies have reneged on their vows to do the same. Marriott International and Hilton Worldwide, for example, both donated to former Republican House Speaker Kevin McCarthy.
Nike
In January 2021, Nike released a statement promising to halt donations to members of Congress who voted to overturn the election. “Nike’s Political Action Committee (PAC) helps our employees support elected officials who understand our business and whose values align with our mission of serving athletes. These nonpartisan values rely upon upholding the principles of democracy,” the statement said. “Nike’s PAC will not support any member of Congress who ignores these principles, including those who voted to decertify the Electoral College results.” Since the Capitol insurrection, Nike has kept its promise and has not donated to any members of Congress who voted to overturn the election.
Clorox
Since 2021, Clorox has not donated any money to election deniers’ campaigns. Ecolab, a company selling similar products to Clorox’s, promised to stop donating to all congressional candidates, according to CNN. But during the 2024 election cycle, Ecolab donated thousands of dollars to Representative Steve Scalise (R-LA), Hern, and other members of Congress who tried to overturn the 2020 election.
Eversource Energy
On January 13, 2021, Eversource Energy, a large electricity provider in the Northeast, announced that it would not donate to any of the members of Congress who voted against certifying the 2020 election results. In a statement, Eversource’s Chief Communications Officer Jim Hunt said, “at Eversource, we were deeply disturbed by the intentional disruption of our democratic process and the violence that occurred at the Capitol last week.”
Eversource has kept its promise not to donate to any election deniers and has made few political contributions in general. NRG Energy, a competing electricity provider serving some of the same states as Eversource, also promised not to donate to any election deniers, but has since reneged.
Holland & Hart LLP
Holland & Hart, among the top 200 earning law firms in the world, has not donated to anyone who voted to overturn the 2020 elections. In contrast, Cozen O’Connor, an even bigger firm, reneged on its promise.
Qurate Retail
Unlike other retail brands like Amazon and Walmart that have not followed through on their vows not to give money to election deniers, Qurate Retail — which has since been rebranded as QVC Group — has kept its promise.
Lyft
Lyft has kept its promise to withhold donations to election deniers after January 6. While Uber never made such a promise, the company and its CEO donated $2 million to Trump’s inauguration fund.
Whirlpool
Whirlpool has not given any money to people who voted to overturn the 2020 election. The company terminated its political action committee in 2023.
In some places in the US cops are maga not enforcers of public peace and honoring the constitution. We have the right in the constitution to address the government with protests of their actions. How far have we moved to a fascist nation where the rule of law is simply might be delivered by thugs makes right. Agree with us or else … A horrible place we are in. Hugs
WATCH: Woman Arrested Mid-Interview After Protesting Against Trump’s Venezuela Strike
A Michigan protest organizer was arrested on camera while giving a TV interview criticizing President Donald Trump’s actions in Venezuela on Saturday.
Jessica Plichta, a 22-year-old preschool teacher and Grand Rapids Opponents of War organizer, was speaking to local ABC affiliate WZZM about a weekend protest condemning the capture of Venezuelan President Nicolás Maduro when police officers moved in behind her and placed her in handcuffs. The patrol car had been visible in the background moments earlier, its presence unremarked upon until the interview abruptly ended.
“It’s not just a foreign issue, it’s our tax dollars that are being used to commit these war crimes,” Plichta said on camera. “It is also the duty of us, the people, to stand against the Trump regime, the Trump administration, that are committing crimes both here in the U.S. and against people in Venezuela.”
As she was escorted to the police vehicle, she could be heard saying, “I am not resisting arrest.”
The clip quickly went viral, with WZZM later reporting that police said Plichta was arrested for “obstructing a roadway and failure to obey a lawful command from a police officer.”
Prior to her detention, Plichta told WZZM she had recently returned from Venezuela, where she attended the People’s Assembly for Peace and Sovereignty of Our America summit.
A police department spokesperson issued the following statement to AlterNet following the arrest:
A group was marching in the roadway. Over 25 announcements were made from the PA system of a marked police cruiser for the group to leave the roadway and relocate their activities to the sidewalk. Blocking traffic in this manner is a direct violation of city and state law,” the spokesperson stated. “The group refused lawful orders to move this free speech event to the sidewalk and instead began blocking intersections until the march ended. Patrol officers consulted with their sergeant and the watch commander who informed the officers that if the individuals could be located, they were subject to arrest. The adult woman who was arrested was positively identified by officers, and the lawful arrest was made.
After her release from jail, Plichta spoke with Zeteo about the incident.
“I don’t think it’s a coincidence that as soon as I finished an interview speaking on Venezuela, I was arrested – the only person arrested out of 200 people,” she told the outlet.
It was all a lie. Rubio has always pushed for regime change in Cuba, and may experts say it should start with Venuzalia. Rubio doesn’t care about the oil, he wants all support for Cuba stopped so the US can go into Cuba and return it to what his family fled so many years ago when they were abusing the locals for profit. It is all a personal agenda he hopes will lead him to the presidency. Hugs
The Trump administration has set its sights on Venezuela in its latest campaign against illegal drugs, but data shows that the country is responsible for just a sliver of drug trafficking directly to the United States.
The Get the Facts Data Team analyzed data on cocaine and fentanyl trafficking. While Venezuela is a player in cocaine manufacturing and trafficking, drug seizure data shows that it’s not as prominent a supplier of cocaine to the U.S. as other South American and Latin American countries.
There is also no evidence that any significant level of illegal fentanyl — the primary killer in U.S. overdose deaths — is produced in South America, according to the United Nations Office on Drugs and Crime (UNODC).
UNODC analyzes global drug trafficking based on reporting from its member states, open sources and drug seizure information.
Yet President Donald Trump has linked his administration’s attacks on drug vessels in Latin America to the fentanyl crisis, among other drugs.
After the Sept. 19 attack on a boat in the Caribbean that killed three people, Trump posted on Truth Social, claiming that the boat was carrying drugs and headed for America. “STOP SELLING FENTANYL, NARCOTICS, AND ILLEGAL DRUGS IN AMERICA,” his post said.
The next day, in a speech, Trump said that thousands are dying because of “boatloads” of fentanyl and drugs. He’s also repeatedly said that each boat strike would save 25,000 lives.
As of Friday, the number of known boat strikes was 35, and the number of people killed stands at least 115, according to the Trump administration.
Previously, Trump said that the U.S. is engaged in an “armed conflict” with drug cartels and has justified the boat strikes as necessary to stem the flow of drugs into the U.S. Hearst Television’s partner PolitiFact labeled that 25,000 number mathematically dubious.
Maduro’s capture on Jan. 3
On Saturday, the Trump administration struck Venezuela in a new, stunning way, capturing its leader, Nicolas Maduro, and his wife. Both are being taken to the United States to face charges related to drug trafficking.
The strike followed a monthslong Trump administration pressure campaign on the Venezuelan leader, including a major buildup of American forces in the waters off South America and attacks on boats in the eastern Pacific and Caribbean accused of carrying drugs. Last week, the CIA was behind a drone strike at a docking area believed to have been used by Venezuelan drug cartels — the first known direct operation on Venezuelan soil since the U.S. began strikes in September.
Venezuela’s role in cocaine trafficking
Venezuela is not among the primary direct traffickers of cocaine to the U.S.
Like fentanyl, most cocaine enters the U.S. from Mexico and typically gets to Mexico via maritime transportation on both the Pacific and Caribbean sides, according to UNODC research officer Antoine Vella. Some also arrives in Mexico via land transportation.
While the Trump administration’s early September attacks targeted Venezuelan boats, there is no known direct cocaine trade route from Venezuela to the U.S. via sea. The only known direct Venezuela to U.S. trafficking route is via air, according to drug seizure data from UNODC. Cocaine could still arrive from Venezuela to the U.S. through intermediary countries.
Colombia, Ecuador and Panama are among the main direct traffickers of cocaine to the U.S. via boat.
From harvest to production
Coca, the plant that cocaine is made from, is grown primarily in Colombia, Peru and Bolivia.
Once coca is harvested, the cocaine in the leaf needs to be extracted. That processing occurs at illegal manufacturing facilities around the globe.
The three coca-growing countries also have the most illegal processing facilities. Colombia had by far the most of any country at about 26,400 detected and dismantled from 2019 to 2023, according to UNODC data. It’s followed by about 3,200 processing facilities in Bolivia and 2,400 in Peru.
Venezuela, which neighbors Colombia, had about 260 illegal processing facilities detected and dismantled from 2019 to 2023, according to UNODC data. It’s ranked fifth among countries with the most processing facilities.
“Every country that borders Colombia has an issue with cocaine in terms of cocaine trafficking,” Vella said.
No healthcare subsidies, no money to feed poor people or kids who need government help to have lunch. As a kid often the only meal I got was lunch at school. No one monitored if I paid or not I was given food to eat like every other kid. In Jr / Senior high school, say from 13 to 18 again my only meal was lunch or snacks at school. But yes the tRump admin was cutting every safety net program and even halting child care so it hurts Walz, and stopping FEMA funds to states run by democrats among other cuts to already congress approved funding. All illegally I will add but the republicans in congress are too scared of tRump to object to his being a tyrant. But we have plenty of money for companies and businesses to extract oil.
On The Majority Report I am listening to an oil person saying that the price of oil has fallen below $50 a barrel because of a glut on the market, and that Venezuelan oil is “sour oil” meaning it is hard to refine. He says that to make a profit on that prices have to be over $80 dollars a barrel. Which means this demented daydream of Rubio’s and Miller’s is not about oil so much as territorial control over other countries and Rubio has long wanted Cuba to fall to the US so his parent’s lands and money can be claimed from the rightful owners of it now. Rubio’s family fled Cuba as refugees and lost all their holdings in Cuba, he has made a career of wanting it all back and toppling Castro. But … well Rubio and the neocons claim that if we can make Venzualia fall into line then all the other Latin American countries will fall in line also and Cuba’s government will be destroyed. Just like if we take out Saddam Hussein then the entire Middle East will embrace democracy. Same story different location. And it is all lies. Just an excuse to use the US military might and have a reason to deny any public relief or safety nets at home. Hugs
President Donald Trump said he believes the U.S. oil industry could get expanded operations in Venezuela “up and running” in fewer than 18 months.
“I think we can do it in less time than that, but it’ll be a lot of money,” Trump told NBC News in an interview Monday.
“A tremendous amount of money will have to be spent, and the oil companies will spend it, and then they’ll get reimbursed by us or through revenue,” he said.
Whether the U.S. government ultimately agrees to reimburse the oil industry’s costs in Venezuela, or alternatively, decides that future revenue is sufficient repayment, will likely be a key factor for the oil companies as they consider their options.
Trump declined to say how much money he believes it would cost companies to repair and upgrade Venezuela’s aging oil infrastructure.
“It’ll be a very substantial amount of money will be spent” by the oil companies, Trump said. “But they’ll do very well.”
“And the country will do well,” he added.
Despite Trump’s optimism, oil companies have appeared skeptical of quickly entering, expanding or investing in Venezuela. A history of state asset seizures, the ongoing U.S. sanctions and the latest political instability all feed into this caution.
Gas prices are already at multiyear lows. The average retail gas price on Monday was $2.81, according to AAA. That’s the lowest since March 2021.
“Having a Venezuela that’s an oil producer is good for the United States because it keeps the price of oil down,” Trump also added.
While lower oil prices could make gas cheaper at the pump, it would likely also mean lower revenues for the same big oil companies that Trump is counting on to bankroll the rebuilding of Venezuela’s oil industry to the tune of billions of dollars in foreign investment.
Asked if the administration had briefed any oil companies ahead of Saturday’s military operation to capture deposed Venezuelan leader Nicolás Maduro, Trump said, “No. But we’ve been talking to the concept of, ‘what if we did it?'”
“The oil companies were absolutely aware that we were thinking about doing something,” Trump said. “But we didn’t tell them we were going to do it.”
Trump told NBC News it was “too soon” to say whether he had personally spoken to top executives at America’s three largest oil producers, Exxon Mobil, Chevron and ConocoPhillips.
“I speak to everybody,” he said.
ConocoPhillips declined to comment Monday on Trump’s plans for Venezuela’s oil reserves. Chevron told NBC News it does not comment “on commercial matters or speculate on future investments.” Exxon did not immediately respond to questions.
Energy Secretary Chris Wright plans to meet with executives from Exxon and ConocoPhillips this week about Venezuela’s oil industry, Bloomberg News reported Monday, citing people familiar with the matter.
Wright will be a point person for the Trump administration’s broader campaign to rebuild Venezuela’s oil infrastructure, a White House official said Monday.
The Trump administration has repeatedly claimed that the U.S. oil industry is eager to return to Venezuela, nearly two decades after the country last nationalized billions of dollars’ worth of oil company assets.
“They want to go in so badly,” Trump told reporters Sunday evening.
Despite Venezuela’s massive reserves of crude oil, large U.S. oil firms have a good reason to pause before committing to expand operations in Venezuela.
In the 1970s, the Venezuelan government nationalized energy assets there, including those owned by Exxon Mobil and ConocoPhillips. In the years since, the companies have tried unsuccessfully to recover billions of dollars.
In 2006 and 2007, the Venezuelan government nationalized even more assets. Then-President Hugo Chávez allowed foreign oil firms to remain, but on less favorable terms, leading to the full departure of Exxon and Conoco.
Chevron, however accepted the terms and remains to this day, thanks in large part to a limited waiver exempting it from U.S. sanctions on Venezuelan oil.
Exxon Mobil CEO Darren Woods recently expressed caution about re-entering Venezuela.
“We’ve been expropriated from Venezuela two different times,” he told Bloomberg News in November, replying to a question about whether Exxon would be interested in Venezuela’s oil or gas. “We’d have to see what the economics look like.”
Maduro was not in the US he was in a country that our law enforcement people had no authority to enforce laws. This was the kidnapping of a foreign leader which is a war crime. Hugs
Updated: 4:23 PM EST Jan 3, 2026
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