The Venezuelan Oil Thread
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Trump informed the oil executives that "“So all you have to do is say to China, ‘How many windmill areas do you have in China?’ So far they are not able to find any. They use coal and they use oil and gas and some nuclear, not much. But they don’t have windmills. They make them and sell them to suckers like Europe and suckers like the United States before."
China generates about 10% of its energy from wind and represents almost half of all wind power capacity worldwide. Of wind power projects worldwide, 74% of all wind projects in construction worldwide are in China.
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He believes to be true what he wishes to be true. Not an uncommon human trait, but he's more like that than virtually anybody. Add to that the charisma, the political instincts for what moves people, and the fact that perception is reality, and you get a powerful political force that won't be replicated in a long while.
Education is extremely important.
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I don't think leaders like Trump are that uncommon, what is unusual is for one to get elected in the USA.
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He believes to be true what he wishes to be true. Not an uncommon human trait, but he's more like that than virtually anybody. Add to that the charisma, the political instincts for what moves people, and the fact that perception is reality, and you get a powerful political force that won't be replicated in a long while.
@Horace said in The Venezuelan Oil Thread:
He believes to be true what he wishes to be true. Not an uncommon human trait, but he's more like that than virtually anybody. Add to that the charisma, the political instincts for what moves people, and the fact that perception is reality, and you get a powerful political force that won't be replicated in a long while.
History is riddled with tyrants as well as schemers, dreamers and thieves of that description. Only in exceptional instances do their follies end in redemption. This one, I predict, will not prove to be an exception.
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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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