The Venezuelan Oil Thread

[Mik]

At best. Hell, the next president might well pardon Maduro and put him back in power.

[Renauda]

So let’s pretend Vz stabilises in near future and the government there requests Maduro to be returned home to stand trial for many crimes he committed while President? Seems that would be a legitimate request. No?

[jon-nyc]

This is interesting. The story is behind a paywall but the gist is Trump is trying to shield the Venezuelan oil money that (he thinks) he gets to control from creditors who would be entitled to it.

It’s ironic because he says Venezuela stole ‘our’ oil. What they actually stole is the assets of the creditors. But he’s blocking them from being made whole. No idea how successful he’ll be.

[kluurs]

At their meeting at the White House, Darren Woods, CEO of Exon, told DJT that Venezuela was "uninvestiable". US oil companies invested 500 billion dollars in Canada. investing in Venezuela is contraindicated as it would drive down the value of that investment. US oil has already dramatically cut drilling and employees in the US - not exactly "drill baby drill".

[jon-nyc]

said in The Venezuelan Oil Thread:

Trump is saying the oil companies need to invest their own money, but he’ll provide the security.

That was yesterday, this is today:

[Renauda]

@kluurs said in The Venezuelan Oil Thread:

At their meeting at the White House, Darren Woods, CEO of Exon, told DJT that Venezuela was "uninvestiable". US oil companies invested 500 billion dollars in Canada. investing in Venezuela is contraindicated as it would drive down the value of that investment. US oil has already dramatically cut drilling and employees in the US - not exactly "drill baby drill".

Somebody’s now on Santa Don’s naughty list.