IHIP News Trump Gets Rude Awakening as Big Oil Publicly Blasts His Venezuelan Plans
Jan 10, 2026
The discussion kicks off with a sharp critique of Trump's plans to seize Venezuelan oil for personal gain. A surprising backlash from Big Oil executives highlights the unpredictability surrounding his actions. The potential beneficiaries of Venezuelan oil seem to be Trump's offshore accounts rather than U.S. firms. The podcast also reveals Tulsi Gabbard's unexpected exclusion from the planning and explores unsettling connections between Russia, Venezuela, and Ukraine. Concerns about rising militarization and allies' critiques of U.S. foreign policy round out the compelling analysis.
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Big Oil Rejects Venezuela Plan
- Major U.S. oil companies publicly refuse to enter Venezuela because Trump's erratic policymaking creates too much risk.
- Jennifer Welch argues the oil profits may instead be routed to Trump and offshore accounts rather than U.S. firms.
Narrative Of Oil Motive Is Unraveling
- The narrative that Venezuela's oil was the motive is unraveling as established firms balk and reporting links funds to offshore accounts.
- Welch highlights Fiona Hill's testimony and investigations suggesting Russian influence around Trump's Venezuela and Greenland moves.
Tulsi Gabbard Excluded From Plans
- Jennifer Welch recounts Tulsi Gabbard being intentionally excluded from Venezuela plans despite her long-standing opposition to invading Venezuela.
- Gabbard was reportedly on a beach in Hawaii and nicknamed "do not invite" by insiders, per Welch's citing of reporting.