The Venezuelan Oil Thread
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said in The Venezuelan Oil Thread:
We’re already in fool me twice territory.
This was during the meeting with Trump yesterday:
Darren Woods, who leads the largest U.S. oil company, Exxon Mobil, was especially blunt during a televised portion of the meeting.
“We’ve had our assets seized there twice, and so you can imagine to re-enter a third time would require some pretty significant changes,” he said. “Today it’s uninvestable.”
said in The Venezuelan Oil Thread:
Darren Woods, who leads the largest U.S. oil company, Exxon Mobil, was especially blunt during a televised portion of the meeting.
“We’ve had our assets seized there twice, and so you can imagine to re-enter a third time would require some pretty significant changes,” he said. “Today it’s uninvestable.”
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To be fair, I am not sure this is a bad thing. From my undestand, the money (I think about USD$500MM so far) is to be used directly to Venezuela for humanitarian and small business aid.
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To be fair, I am not sure this is a bad thing. From my undestand, the money (I think about USD$500MM so far) is to be used directly to Venezuela for humanitarian and small business aid.
@taiwan_girl said in The Venezuelan Oil Thread:
To be fair, I am not sure this is a bad thing. From my undestand, the money (I think about USD$500MM so far) is to be used directly to Venezuela for humanitarian and small business aid.
Be rest assured Venezuela will only net a portion of any sums. The boss will skim his due first.
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The list ought to have included Halliburton alongside SLB.
Also, there are deposits of light and medium crude outside the Orinoco Belt area. Some in the Lake Maricaibo region but elsewhere as well. That wildcatter, Hamm, could make tons of money in short pay back timeframe if he could latch onto some of those reservoirs.
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https://www.nytimes.com/2026/03/13/us/politics/trump-seized-oil-tankers-cost.html
The Oil Tankers Trump Seized Are Costing the U.S. Millions of Dollars
... the cost of maintaining just one aging ship has already reached $47 million [in three months].And the oil cannot be sold yet pending litigation.
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