We created these problems since post WW2 when we became the world power. Instead of allowing these countries to be sovereign nations, we pushed ideology instead of working with them to create more prosperity. It’s us creating the problem and wondering why things are so bad.
what would Iran be today if we don’t overthrow the prime minister in 1953? All because they had the audacity to nationalize their oil. Anytime the US comes to the rescue things get worse.
Admin. The DONroe Doctrine, right?
When Cuba falls, we’ll know it was Rubio who had Trump’s ear that day
Now rumors of Israel nuclear test…
To be fair, it’s less than 70 miles from the Dead Sea Transform Fault line, but it’s hardly very active, per historical recordings.
I’m hardly ever fair when it comes to Israel. lol
He’s correct. When above I mentioned about how easily President Trump gets offended over everything, him being all mad at Darren Woods’s true words of reality was actually what I was thinking about.
Exxon isn’t about to suddenly change its capital budget for 2026, which was likely just recently approved by the CEO and BoD, to add several billion in Venezuela. Not in this price environment, not without safety reassurances, and for Exxon specifically, not when they already have production and infrastructure in place in Guyana.
$75 oil could probably change things for some American companies in regards to investing in Venezuela, but Exxon is sitting fine where they’re at. Chevron is already operating in Venezuela, and they’ll increase production SOME, especially if the current restrictions are loosened, but Mike Wirth (their CEO) stated that ops there would have to compete with the rest of Chevron’s portfolio for increased investment…keeping in mind Chevron just closed on the purchase of HES and is still trying to digest all of that.
All that said, I’m glad Maduro was removed, and I’m sure Exxon is too…as he was threatening to invade Guyana because of their oilfields and confiscate the operators’ assets, just like his predecessor.
Wirth also gave an interview recently where he said AT BEST it would take 2-3 years to get infrastructure in place, man power in order and several other variables to go right just to get Venezuela’s 800k bbls a day output to 1.5 million, which is still a drop in the bucket when considering a global context. (I think it’s maybe 2% of daily production globally)
And like you said, Chevron is already operating there. They have much less risk, and they’re still bearish. No major producer is going to drop everything and run to Venezuela because Trump toppled Maduro.
Yes. Trump is trying to turn the titanic. I won’t fault him for only having a few people in DC he can actually trust.
I agree with you on China and South America, but hey, we gotta start somewhere. So far, it looks like we are TRYING to do business with the Venezuelan government. This is a good thing.
Trump ally Harold Hamm (Continental CEO) says oil producers need some guarantees.
I don’t care what side you are on but this is embarrassing.
https://x.com/aishahhasnie/status/2011911952818172273?s=46&t=0zY2LVR7UEnVVlJuWIiI5w
One trait of stable geniuses is that they need constant appeasement.
Surely this is AI…
Update: This was real. Heard the Machado interview this morning. Fux sake.
Some days the political climate feels like AI…
Idiocracy is what we’re living in.
Who knew that film would end up being a documentary?
well deserved.
Embarrassing. Absolute joke.
It’s the greatest documentary ever made.