>Trump said debt repayments, security and financial guarantees would not be part of the bargain with oil companies that choose to go back to Venezuela. And despite the fact that Venezuela’s acting President Delcy Rodríguez is playing ball with Trump for now, there’s no chance Venezuela can guarantee its current government will continue to honor any deal struck with Western oil companies over the long haul.
>And US oil companies will still need to pay the country a hefty royalty on their oil production. That calls into question whether oil majors can get the same return on their investment there as in other countries — particularly when oil prices are so low
coolbern on
Big Oil bankrolled Trump, and when he won they thought they won.
But they got more than they bargained for.
Trump’s fossil imperialism is a money sinkhole.
ttystikk on
There is no party of this plan that leads to original for oil companies in Venezuela.
Once again, the Chump administration looks like the fools they are.
3 Comments
>Trump said debt repayments, security and financial guarantees would not be part of the bargain with oil companies that choose to go back to Venezuela. And despite the fact that Venezuela’s acting President Delcy Rodríguez is playing ball with Trump for now, there’s no chance Venezuela can guarantee its current government will continue to honor any deal struck with Western oil companies over the long haul.
>And US oil companies will still need to pay the country a hefty royalty on their oil production. That calls into question whether oil majors can get the same return on their investment there as in other countries — particularly when oil prices are so low
Big Oil bankrolled Trump, and when he won they thought they won.
But they got more than they bargained for.
Trump’s fossil imperialism is a money sinkhole.
There is no party of this plan that leads to original for oil companies in Venezuela.
Once again, the Chump administration looks like the fools they are.