Tag: natural resources

Trump Floats Making Venezuela The 51st State

First Canada, then Greenland… and now Venezuela?

President Donald Trump said Monday he is seriously considering annexing the South American nation as the 51st U.S. state, citing the country’s vast oil reserves and what he described as strong local support for his leadership.

In a telephone interview with Fox News anchor John Roberts, Trump mused that he is weighing the move for a nation that holds an estimated $40 trillion in oil resources.

“Venezuela loves Trump,” the president told the reporter.

The suggestion comes months after U.S. forces conducted a military operation in Venezuela in January that resulted in the capture of longtime President Nicolás Maduro and his wife, Cilia Flores. The couple was extradited to the U.S. to face narco-terrorism and weapons charges, effectively ending more than a decade of socialist rule that had transformed one of Latin America’s richest economies into an economic disaster marked by hyperinflation, mass emigration and the breakdown of public services.

Rather than installing opposition figure María Corina Machado, a Nobel Peace Prize recipient, as the new leader, the Trump administration supported the installation of Delcy Rodríguez—Maduro’s former vice president—as interim president. Trump has described the arrangement as “spectacular” and predicted a rapid economic turnaround.

Rodríguez’s government has moved swiftly on economic reforms. Within weeks of taking power, it enacted legislation opening the oil sector to privatization, dismantling core elements of the Chavista model that had dominated for more than two decades.

Meanwhile, commercial activity has accelerated thanks to Chevron, which signed two agreements expanding its participation in a joint venture with state-owned Petróleos de Venezuela SA in the Orinoco Oil Belt, Reuters reported at the time.

Venezuelan oil output is already rising.

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Amid Energy Crisis, Norway Reopens North Sea Gas Fields, Will Sell Output to ‘Net-Zero’ Britain That Refuses to Explore Its Own

Reactivation project will help power millions of homes.

While the United Kingdom continues to be fixated in their ‘net-zero’ lunacy, Norway is set to revive three gas fields in the North Sea.

Norwegians go ‘drill, baby, drill’, reopening the fields for the first time in three decades, as Norway tries to meet growing export demand from Germany and the UK.

Norway is reopening gas fields in the North Sea after almost 30 years.

The Norwegian’s will be selling us this gas.

We could drill for gas, in the same sea.

Is this the smart approach? pic.twitter.com/tYWTA3AU6w

— Looking for Growth (@lfg_uk) May 6, 2026

The Telegraph reported:

“Steinar Våge, the European president of ConocoPhillips, the hydrocarbon company behind the reactivation, said the three fields would produce about 19 billion cubic meters of gas. That is equivalent to powering up to three million homes in the UK.

‘By utilizing existing infrastructure, we can produce substantial resources at low cost, and strengthen gas exports to Europe’, he said.”

“Norway’s push to ramp up oil and gas exploration represents a marked difference to what is happening in the UK, where about 180 of its 280 fields are set to close by 2030. In the last 12 months, Britain spent £20bn buying oil and gas from Norway and that reliance is only set to grow further.”

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Trump: There Could Be a Future Where U.S. Energy Companies Operate in Iran

President Donald Trump said there “could be” a future where American energy companies are operating inside of Iran in response to a question from Breitbart News on Saturday.

Trump spoke to reporters for just over three minutes on the tarmac of Palm Beach International Airport before boarding Air Force One and departing for Miami.

When Breitbart News asked if he envisions a future where American energy companies are operating inside of Iran, much like Venezuela, he said, “Could be.”

“Could be. It could be. I’ll tell you what, we have a lot of ships coming up to Texas and Louisiana. It’s a line of ships,” he said. “You saw the satellite. We have a line of ships; big ones. Two million barrels, and they’re coming up. I mean, literally hundreds of ships are in line to go to Texas. I mean, they’re already started, but we’re selling a lot of oil. A lot of oil.”

Before taking any questions, Trump said that Iran desires a deal.

“[We’re] doing very well with regard to Iran. Again, they want to make a deal. They’re decimated. They’re having a hard time figuring out who their leader is. They don’t know who their leader is because their leader is gone…their former leader,” he told reporters, referring to Ali Khamenei, who was killed at the beginning of Operation Epic Fury.

The president’s gaggle with reporters came soon after reports surfaced from Iranian state media that Iran had countered a 9-point U.S. proposal for a deal to end the war with their own 14-point plan.

Trump said he had not yet read the proposal but would do so aboard the short flight on Air Force One to Miami.

“I’ll let you know about it later,” he said.

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Trump’s sons claim share in mining group supported by US govt

A shell company backed by Donald Trump Jr. and Eric Trump has agreed to a merger with a mining group that secured up to $1.6 billion from the US government in 2025 to facilitate the extraction of tungsten in Kazakhstan, the Financial Times has reported.

The agreement between Skyline Builders group, in which US President Donald Trump’s sons hold a stake, and Cove Kaz Capital group was signed on Thursday. The newly-formed entity will trade on Nasdaq as Kaz Resources, according to a statement.

Cove Kaz currently controls 70% of the Northern Katpar and Upper Kairakty tungsten deposits in central Kazakhstan, believed to be one of the largest in the world. Last year, the federally-funded US Export-Import Bank and the Development Finance Corporation committed to invest heavily in the development of both projects.

The statement didn’t mention Trump’s sons, but the FT reported on Friday, citing informed sources, that they bought into Skyline last August via a special purpose vehicle run by a subsidiary of Dominari Securities. The size of their investment was not disclosed, but they increased it by $24 million in October.

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$65B lithium mother lode hidden beneath Appalachian Mountains could supply US with power for centuries

They’ve hit the mother lode.

We may no longer need to rely on foreign batteries to power our electronics. Geologists have announced that the Appalachian Mountains could be hiding a sprawling multibillion-dollar cache of lithium that could last the US hundreds of years.

“This research shows that the Appalachians contain enough lithium to help meet the nation’s growing needs,” declared US Geological Survey Director Ned Mamula in a statement.

According to a map by the institution, this East Coast mountain range houses around 2.5 metric tons of this battery precursor, most of which is concentrated in the Carolinas, Maine and New Hampshire. Total value: around $64.4B dollars.

Per Bloomberg, the US imports nearly half of its consumption of lithium, which powers lithium-ion batteries that are used for everything from iPhones to vehicles and even aerospace alloys.

With this recent mineral motherlode, USGS officials estimate that we could supply 1.6 million grid-scale batteries — enough to power 130 million electric vehicles or supply 180 billion laptops for a collective thousands of years of global use.

It could also fuel 500 billion cellphones, the equivalent of 60 devices for every person on Earth.

All told, this haul is enough to replace 328 years of imports at least year’s level, providing “a major contribution to US mineral security, at a time when global lithium demand is rising rapidly,” said Mamula.

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US Has No Leverage Against China in Rare Earths Market – Expert

China holds all the cards when it comes to rare earth elements (REE) extraction, processing, and supply, Jeff J. Brown, China expert and founder of the Seek Truth From Facts Foundation, tells Sputnik.

Ahead of US President Donald Trump’s visit to China, the nation’s Ministry of Natural Resources released data underscoring China’s achievements in the REE sector.

“China long ago did its homework and knew the value of REEs, across all sectors of science, technology, the space race, industry, manufacturing and military applictions,” Brown says. “They allocated huge resources to perfect not only extraction, but processing and downstream, discovering new sources underground.”

Presently, China controls 90% of the world’s REE processing and thus global supply chains and logisitcs. Moreover, the Chinese spent decades mastering techniques to achieve high-purity output at the lowest cost.

Why are REEs Important?

“REEs make the world go round,” Brown notes. “Without them, countries can’t build weapons, send astronauts into space, manufacture mobile phones, all kinds of electronic gadgetry, medical equipment, and thousands of other mundane to high-tech applications.”

The Chinese bet on the REE research – and it paid off, according to the pundit.

The West “sat on its hubristic laurels and did almost none of this,” using China as a reliable supplier.

Now the US is signing contracts worldwide to mine REE ore, but it’s struggling to catch up — the West remains far from becoming a high-volume processor on a par with China.

“The US has no real leverage at all, except the tired old playbook of boycotts, blockades, sanctions and tariffs,” Brown concludes.

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Political Theatre – Solve Energy Crisis by Eliminating Fossil Fuels

Over 50 nations are gathering in Colombia to map out a future without oil, gas, and coal, all while the world is in the middle of an energy crisis driven by war, supply disruptions, and rising demand that cannot even be met today. The same governments pretending they can eliminate fossil fuels are quietly scrambling behind the curtain to secure more of them just to keep the lights on.

This is what happens when policy is driven by ideology instead of reality. I have warned repeatedly that there is no viable alternative capable of replacing fossil fuels at scale. This is not an opinion. It is a simple matter of physics and infrastructure. Wind and solar cannot provide baseload power. They are intermittent, unreliable, and require storage systems that do not exist at the level needed to sustain a modern industrial economy. Yet politicians stand up and pretend we can simply flip a switch and transition the entire world economy to renewables as if energy were some optional luxury.

What makes this entire agenda even more dangerous is that they are no longer speaking in vague terms, they are openly stating the objective. Ursula von der Leyen declared that “the global fossil fuel crisis must be a game-changer… let’s earn the clean ticket to heaven,” which is not economic policy, it is ideological rhetoric detached from reality. John Kerry has pushed that leaders must accelerate the “transition away from fossil fuels” or face catastrophe, while Ed Miliband continues to insist Net Zero is essential to eliminate dependence on traditional energy altogether. Then you have Ro Khanna advocating ending fossil fuel subsidies and halting new permits, which in practical terms means cutting supply before any viable replacement exists.

Yet even within their own ranks the cracks are showing. Tony Blair bluntly admitted that any strategy centered on phasing out fossil fuels in the near term is “doomed to fail.” They are publicly advancing an agenda that even insiders know cannot function in the real world.

What they refuse to admit is that every single modern economy depends on fossil fuels at its core. Transportation, agriculture, manufacturing, heating, electricity, all of it. You cannot remove that foundation without collapsing the structure built on top of it. Even now, as they hold conferences and make declarations, countries are reverting to coal because when crisis strikes, theory disappears and survival takes over. That is the reality they will never say out loud.

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USA Rare Earth to Acquire Brazil’s Serra Verde in $2.8 Billion Deal

USA Rare Earth said on April 20 that it has agreed to acquire Brazil-based Serra Verde Group in a deal valued at approximately $2.8 billion, a significant move to expand production of rare-earth elements outside Asia.

The company said it will purchase 100 percent of Serra Verde through a combination of $300 million in cash and 126.849 million shares of newly issued stock.

Based on USA Rare Earth’s closing share price of $19.95 on April 17, the transaction implies an equity value of about $2.8 billion for Serra Verde.

The deal is expected to close in the third quarter of 2026.

Barbara Humpton, CEO of USA Rare Earth, which is based in Stillwater, Oklahoma, described the acquisition as a step toward a global rare earth platform.

She said that Serra Verde’s Pela Ema mine is “a one-of-a-kind asset and the only producer outside Asia capable of supplying all four magnetic rare earths at scale.”

Humpton also pointed to Serra Verde’s existing agreements, noting that its importance is underscored by a 15-year offtake agreement backed by U.S. government-linked financing and private capital, covering all of its Phase 1 production of key materials such as neodymium, praseodymium, dysprosium, and terbium.

Rare earths are minerals critical for modern technologies, including electric vehicles, wind turbines, semiconductors, and defense systems. In particular, so-called heavy rare earths such as dysprosium and terbium are essential for producing high-performance magnets used in advanced equipment.

Currently, much of the world’s supply and processing capacity is in China, according to the International Energy Agency.

“Rare earths represent a strategic nexus where national and energy security, and technological supremacy, converge,” Serra Verde CEO Thras Moraitis said in the April 20 statement. “The Western rare earth sector stands at a critical inflection point, as governments and strategic industries urgently seek reliable sources of critical rare earths—particularly scarce heavy rare earths.”

By combining Serra Verde’s mining operations with USA Rare Earth’s processing and magnet-making capabilities, Humpton said, the company aims to create “a fully integrated platform” to support global supply security.

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The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking

A priest, an engineer, and an economist are stranded on a desert island. The first order of business is to get some food. The priest suggests that they all pray. The practical-minded engineer suggests that the three men make a net to catch some fish. But where will they find the necessary materials? The priest and the engineer turn to the economist and ask him if he has any ideas. The economist replies, “Assume a fish.”

This well-worn economist joke summarizes one of the chief flaws in contemporary economic theory.

That theory almost completely ignores the role of physical resources, assuming they will always be available in the quantities we need at prices we can afford at the time we need them. When those resources aren’t available, that theory begrudgingly accepts that there will be some damage to economic activity, but tends to greatly underestimate the impact.

This conceptual flaw explains why economists in most financial institutions and governments, and thus investors, are not especially alarmed at the loss of energy resources, as stock market indices remain not too far from their recent highs.

For a good summary of how contemporary economic theory goes off the rails, Australian economist Steve Keen offers a mercifully brief and comprehensible explanation. Here I will relate one critical part of that explanation. About 5.7 percent of U.S. GDP is devoted to procuring and distributing energy. Most economists will tell you that a 10 percent decline in energy availability would have a small effect on the U.S. economy. They would take the percentage of the economy devoted to energy, in this case 5.7 percent, and multiply it by 10 percent to arrive at a 0.57 percent reduction in economic activity.

This conclusion is utter nonsense and not even close to what the effects would be.

The reason is that energy is the master resource. It cannot be treated like other resources. Energy is the resource that makes all other resources available. Nothing gets done without energy. The correlation between economic activity and energy use is 0.9 (where 1.0 represents a perfect correlation). This should come as no surprise. When the economy is growing, energy use grows with it as energy fuels the economic activity that pushes growth.

What this implies is that a 10 percent reduction in energy availability is much more likely to result in a decline in economic activity closer to 10 percent than to one-half percent.  For comparison, the real GDP of the United States fell 4.3 percent during the Great Recession, which lasted from December 2007 through June 2009.

So, how much energy is currently being denied to the global economy by the closure of the Strait of Hormuz? No one knows for certain. We do know that liquefied natural gas (LNG) exports from Qatar were previously transiting through the strait. And, close to 20 percent of the world’s oil supply was also passing through the strait on a daily basis.

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The US refinery now processing Venezuelan oil

The Minerva Gloria is docked at a wharf in the Mississippi Sound, not far from the US’s vast oil reserves in the Gulf of Mexico.

The ship, 820ft (250m) long, painted navy and burgundy, is carrying precious cargo from Venezuela that, just six months ago, would have been impossible to bring to the US – 400,000 barrels of crude oil.

Venezuela has the world’s largest oil reserves. Under Venezuela’s former president Nicholas Maduro oil exports had dropped significantly, due to a lack of investment. Then came US sanctions against any imports from the Latin American country.

But US President Donald Trump vowed to tap those reserves after the US military captured Maduro in a surprise, night-time raid in January.

Now the oil is flowing again in Venezuela. In March, the country’s monthly crude exports surpassed one million barrels per day. The first time since September.

As the world reels from the impact on global energy prices caused by Iran blocking the Strait of Hormuz, big oil and gas companies like Chevron are now importing Venezuelan crude oil by the shipload.

“It’s a big deal not only for Chevron but the entire Gulf region,” says Tim Potter. He is the director for Chevron’s oil refinery in Pascagoula, Mississippi, the company’s largest operation in the US. It is also the only major US oil company currently operating in Venezuela.

Together this means that Chevron can extract its own Venezuelan oil, process it itself, and get it directly to the US consumer.

“It’s a pretty big incentive for us to run it,” Potter says. “The refinery was really designed, and we invested in the refinery, to run heavy oils like from Venezuela.”

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