The Venezuelan Oil Thread

[jon-nyc]

That would surprise me. A little I would expect. But all or even most of it?

[Renauda]

@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.

[Mik]

This seems imbalanced given that he first shut down USAID.

[Mik]

https://www.msn.com/en-us/money/markets/here-s-who-is-likely-to-profit-from-trump-s-venezuela-takeover/ar-AA1Ul5BY?cvpid=dc2bd62789e64ba0b79ec41418a17301

[Renauda]

@Mik

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.