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Topic Title: Big Oil is being offered an opportunity.... Topic Summary: Do you want Venezuela? Created On: 12/18/2025 04:56 AM |
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http://www.politico.com/news/2...zuela-return-00695292
>>The Trump administration is asking U.S. oil companies if they're interested in returning to Venezuela once leader Nicolás Maduro is gone, four people familiar with the discussions told POLITICO. And so far, the answer is a hard "no." The administration's outreach to the industry, previously unreported, is the latest sign the White House is dreaming of a post-Maduro future for Venezuela - and how the world's oil markets are both helping and hindering that goal. The markets, glutted with supply and with prices at nearly five-year lows, are giving President Donald Trump an unusually free hand to tighten military pressure on the South American OPEC member, much the way they largely shrugged off U.S. and Israeli missile strikes on Iran in June. But those prices are also way too low to entice companies to take the risk of pouring huge investments into the crumbling Venezuelan oil facilities that former strongman Hugo Chávez seized decades ago, industry officials and analysts said. The U.S. benchmark oil price was around $56 a barrel Wednesday afternoon, the lowest since January 2021. That means Trump has only limited reason to worry that an attack on Venezuela would send gasoline prices spiraling upward - but it also means U.S. oil companies have better investment options elsewhere...<< The no foreign wars guy is shopping imperialism and the crass capitalist Big Oil passes, not because it's theft, it's exploitation and just wrong, but because the timing is bad and there's just no money in it. Wow. ------------------------- "One of the reasons why propaganda tries to get you to hate government is because it's the one existing institution in which people can participate to some extent and constrain tyrannical unaccountable power." Noam Chomsky. |
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Commodity is the next word Trump needs to learn.
------------------------- I was right. |
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