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That just about sums up this administration, doesn't it?
Pedopresident needs a diversion, invades a country and murders some civilians, then needs to beg oil execs who never asked nor wanted any of this and now have to deal with his shit
You'd almost start feeling bad for the oil execs. Almost, but not.
They know that Trump is just going to keep the money, and have the US government pay for it all.
Also, it's one thing to support him, it's not even so bad to give him some money now and then, but he is demanding an enormous commitment, and they know that about the only thing you can trust a MAGA government to do is royally fuck it up.
They also see the writing on the wall, MAGA's days are numbered, they will be undone by their own virtuosic incompetence. Short term investment for quick gains is one thing, but long term investment in MAGA is a very bad idea.
It would be very funny and well deserved if they invested on his pressure and in a few years Venezuela just nationalises everything again.
must we pull his finger? I think already there's enough shit coming out of him
bro did not text the signal group chat about his Venezuela plans before doing it damn
Trump uses 'Art of the deal'.
It's not very effective.
Turns out he never read it.
Don't worry, to cover the risk the YUGEOIL act will be passed granting 0% interest subsidies to all oil companies that expand into Venezuela
Exxon will also after getting the subsidies buy a nice portion of DJT and trump coin at the same time, not sure why, CEO must just like the stock
Whaaaaaaaat? Dragging the dirtiest type of oil out of the ground from a country still resisting invasion isn't going to be cost effective?
Have people started falling out of windows yet in the USA, like in Russia?
Soon.
I'll believe it when I see it.
So when he was on air force one and said that he'd spoken to the oil companies before the invasion. That was obviously a lie.
Is brain really is mush isn't it.
He is but a puppet working on behalf of the oligarchy anywhere.
More if a gelatinous goo, somewhere between the consistency of loose slime and snot.
He did, in his head.
The US taxpayers were never going to benefit from this blatant theft of Venezuelan oil at all. The profits were to be deposited directly into Trump & his families accounts after using taxpayer funds to secure the country. That's also the reason why he wants Greenland so he can enrich himself with stolen minerals, with the US military serving as his personal army.
with the US military serving as his personal army.
Either them or Erik Prince.
The gist wasn't that he didn't want to invest. It was that he can't invest until Trump "fixes" problems with the country. Like its leadership and laws, etc.
This podcast episode explains very well Exxon's logic: https://pca.st/episode/d7084179-677a-4c82-ac90-c53cf28110c4
I never thought I would be on an oil company's side in a discussion in my life.
Here's the podcast episode description:
When people think of oil rich nations their mind generally goes to Saudi Arabia, Iraq and the US.
But according to international statistics, the country with the largest oil reserves is Venezuela, with 300 billion barrels worth.
At their peak they produced over 3.5 million barrels of the stuff per day. However, due to lack of investment, sanctions and mismanagement that peak is long gone.
Following their military intervention, the US administration claims they can get Venezuela's oil production up and running at full capacity within 18 months.
But can they, and why is it that estimates for other countries oil reserves have fluctuated but Venezuela’s has stayed at 300 billion barrels for over two decades?
Who knew the guy who bankrupted a casino despite his daddy giving him millions to run it was bad at business?
Cheap fuel for his fanatics wanting the "good old days".
He's so bad at business that he doesn't realise that companies won't want to oversaturate the market and lower their margins. This is a concept of 12-year-old should be able to understand.
They should just sell at a loss and make it up on the volume, duh!
Sure, invest $100bn into an unstable country chasing a dying technology at the behest of a corrupt regime. Even for oil companies, Venezuela is too hot to touch.
Not to mention there's a solid chance the next president will basically dedicate their career to undoing Trump's BS, so there's no guarantee you'll get more than a few years of revenue.
the next president will basically dedicate their career to undoing Trump’s BS
And don't forget half the time Trump undoes his own purported industrial policy.
With the tariffs he was so inconsistent and capricious, that nobody could rely on having an edge over foreign competition long term and so nobody would dare to invest in manufacturing in the USA. If he felt like it he just cut them off from their essential foreign inputs too. Not to mention how he threatened pulling back the CHIPS Act subsidies from Intel, or how he raided Hyundai.
A month from now:
I'm working on this horrible Venezuela situation that BIDEN left me with. Such a waste of American resources but I'm going to pull that back to make America great again.
Even if Trump hangs around as a dictator there's still no point investing in Venezuela. It's not as if there is even a global oil shortage so why would you want to build more infrastructure.
Trump is looking at fighting a war in Venezuela, Greenland and at home. How could anybody possibly think this regime is ever going to be anything near stable?
I've played enough Battlefield to know that a war in a oil field is nothing at short of spectacular.
So basically, it looks like he committed an international crime for oil and then won't even get the oil. No one should be surprised, I guess. Incompetence is the only constant.
I'm starting to see how he managed to bankrupt the casino. It's because he won't stop committing pointless crimes that don't in fact benefit him in any way.
This actually sounds more like they want American troops to turn Venezuela into not-Venezuela.. THEN they would feel safe investing.
The oil execs are saying it's "uninvestable" precisely because they know how incompetent Trump is.
Yeah, this is why every article that mentions Venezuelas huge oil reserves needs to also mention it is the costliest/ lowest margin oil too. Not all oil reserves are the same, the Saudis being able to pull a barrel out for $15 and sell it for $80 is a way different position then Venezuela pulling a barrel out for $60 and selling it for $70.
It is probably just part of the media manufacturing consent for regime change: "look how resource rich Venezuela is and how poor the people are, it must be because the evil Maduro regime" completely ignoring sanctions. Yeah mismanagement is part of the reason Venezuela is doing poorly but even if they were run perfectly with no corruption they still wouldn't be living like the Saudis.
Yep. Canada's tar sands are similar. Low grade tar that can be sold for cheap or upgraded for profit. Either way though even without counting labour standards and wages it costs twice as much to pull it out of the ground and we'll sell it for half as much
Trump: anyone want to buy some stereos? They fell of a truck.
Oil companies: ehh….
What a fucking doofus Trump is. He couldn't consider the cost of his actions - and the likely fallout of the same - if his life depended on it.