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re: Venezuela’s Vast Oil Wealth Could Become The World’s Largest Stranded Asset
Posted on 1/18/23 at 8:26 am to ragincajun03
Posted on 1/18/23 at 8:26 am to ragincajun03
Article is shite and ignores the real problem facing O&G in Venezuela, the fact companies are scared of being privatized as the government has done it several times before.
If you build it they will take it as theirs and kick you out.
If you build it they will take it as theirs and kick you out.
5
Posted on 1/18/23 at 8:32 am to WhereisAtlanta
quote:
Article is shite and ignores the real problem facing O&G in Venezuela, the fact companies are scared of being privatized as the government has done it several times before.
I don't think you meant to use that word
I assume you meant nationalized?
This post was edited on 1/18/23 at 8:33 am
Posted on 1/18/23 at 8:33 am to WhereisAtlanta
quote:
Article is shite and ignores the real problem facing O&G in Venezuela, the fact companies are scared of being privatized as the government has done it several times before.
I think you are looking for nationalized.
Posted on 1/18/23 at 9:05 am to WhereisAtlanta
quote:
the fact companies are scared of being privatized
You mean nationalized.
Posted on 1/18/23 at 1:17 pm to WhereisAtlanta
That's spelled out in the last 2 paragraphs of the post. Do yall even read before you comment?
Posted on 1/18/23 at 1:30 pm to WhereisAtlanta
quote:
That, along with existing geopolitical hazards, notably a corrupt autocratic regime with a history of nationalizing oil assets, essentially makes Venezuela uninvestable for foreign oil companies.
That doesn’t address such a fear?
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