Chevron Bets 7 Billion on Venezuela, Citadel Hunts Shale Oil & No Iran Deal | BDE 09.08.26

Chevron is the only super major stepping into Venezuela, committing 7 billion across two JVs and targeting 600,000 barrels a day by 2031, while Exxon still calls the country uninvestable. Citadel keeps bidding on physical shale oil after Paloma and losing Wildfire to Magnolia. Energy Secretary Chris Wright says a nuclear deal with Iran may never happen. Plus Paul Ryan on the Overton window, 40 trillion in debt, diesel doing the real damage and the permitting reform that died with Manchin.Click here to watch a video of this episode.Join the conversation shaping the future of energy.Collide is the community where oil & gas professionals connect, share insights, and solve real-world problems together. No noise. No fluff. Just the discussions that move our industry forward.Apply today at collide.ioClick here to view the episode transcript. 00:00 Mark is back00:55 Paul Ryan and the Overton window03:39 Trump versus the Fed05:48 Diesel is the real problem08:49 Seven months and counting10:57 Rhino politics and what comes next15:11 Chevron bets seven billion on Venezuela19:00 Nobody else wants Venezuela22:31 Guyana as the better bet25:26 What actually changed in Caracas30:17 No nuclear deal with Iran36:29 Safer but at what cost39:14 The permitting reform that never came43:05 Citadel hunts shale oil46:51 Hedging as the real edge50:58 Builders sell traders buy55:27 Remembering September 11https://twitter.com/collide_aihttps://www.tiktok.com/@collide.iohttps://www.facebook.com/collide.iohttps://www.instagram.com/collide.iohttps://www.youtube.com/@collide_iohttps://bsky.app/profile/collide-ai.bsky.socialhttps://www.linkedin.com/company/collideai