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Axios: trump admin close to striking deal to take large stake in Venezuelan oil fields

Posted on 8/27/26 at 1:17 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
74753 posts
Posted on 8/27/26 at 1:17 pm
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
79180 posts
Posted on 8/27/26 at 1:18 pm to
This must be such a difficult time for you.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139245 posts
Posted on 8/27/26 at 1:19 pm to
I don’t see how American oil companies will invest in this. The first Democrat that gets in the WH is going to release Maduro and all their investments will go down the tubes.
Posted by IvoryBillMatt
Member since Mar 2020
10490 posts
Posted on 8/27/26 at 1:19 pm to
What is our CURRENT deal with Venezuela? The Administration won't even let Congress see it.
Posted by burke985
UGANDA
Member since Aug 2011
29088 posts
Posted on 8/27/26 at 1:21 pm to
Well don't let some progressive piece of shite Democrat into the White House again???
Posted by dgnx6
Member since Feb 2006
91805 posts
Posted on 8/27/26 at 1:24 pm to
quote:

I don’t see how American oil companies will invest in this. The first Democrat that gets in the WH is going to release Maduro and all their investments will go down the tubes.


Dont vote for them then.


Posted by VOLhalla
Knoxville
Member since Feb 2011
5239 posts
Posted on 8/27/26 at 1:36 pm to
The US government would have to basically insure all the oil company investments in Venezuela. And I’d imagine they would need long-term assurances so we’re likely looking at actual legislation going through congress before US companies start spending there
Posted by GetmorewithLes
UK Basketball Fan
Member since Jan 2011
23444 posts
Posted on 8/27/26 at 1:43 pm to
quote:

I don’t see how American oil companies will invest in this. The first Democrat that gets in the WH is going to release Maduro and all their investments will go down the tubes.


The way it is written it sounds like the deal is with the US Govt and hence would have the protection of the US Govt. I assume this would open the door for major oil companies to come in.

Just FYI, I worked with a Process Control Engineer from Venezuela recently and she said Maduro burned most of the country's oil and gas refineries so they are dependent now on getting that oil to market.
Posted by MSMHater
Houston
Member since Oct 2008
23380 posts
Posted on 8/27/26 at 1:44 pm to
Commie!!!! Lol. Oh, sorry, it's not our production. Carry on.
This post was edited on 8/27/26 at 1:45 pm
Posted by Ailsa
Member since May 2020
12059 posts
Posted on 8/27/26 at 2:02 pm to
quote:

The Administration won't even let Congress see it.


If they did, there would be insider trading.
Posted by trinidadtiger
Member since Jun 2017
20920 posts
Posted on 8/27/26 at 3:10 pm to
chevron is heavily invested there, they are pumping out 400 to 700 million in cash flow a year.

Maduro aint going back to Venezuela, he would be dead within the week.

Venezuela will be a democracy soon.

Is it risky sure, but at least states arent suing them like they are in the US......
Posted by junkyarddawg3
Metro ATL
Member since Nov 2015
1950 posts
Posted on 8/27/26 at 3:11 pm to
Whatever works.
Posted by ragincajun03
Member since Nov 2007
29963 posts
Posted on 8/27/26 at 3:14 pm to
The Bawcomeville truck manufacturer might have to open satellite facilities in Washington D.C. and Caracas.
Posted by SalE
At the beach
Member since Jan 2020
3185 posts
Posted on 8/27/26 at 5:41 pm to
Valero
Posted by lake chuck fan
Vinton
Member since Aug 2011
24970 posts
Posted on 8/27/26 at 5:52 pm to
What deal should be made???? Chavez straight up stole the means of production of Venezuelan oil from American corporations!!! And you can be your arse that the cost to bring all the oil infrastructure (which Venezuela has allowed to disintegrate) will be paid for by your and my tax dollars.
frick em
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