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Started By
Message
1
Posted on 1/6/26 at 8:45 am to RelentlessAnalysis
quote:
The size of the reserves is irrelevant
holy shite. Posted on 1/6/26 at 8:46 am to VOR
quote:
It’s always been about the oil and Trump burnishing his self-image as a Strongman world leader…
VOR. The China and Russia cheerleader.
Posted on 1/6/26 at 8:46 am to RelentlessAnalysis
quote:
Something like 5% royalties. That changes the calculus somewhat.
Boy that sounds good for Venezuela. Lowest royalty I ever saw was 12 1/2% on a 1940s lease. This has got to produce revenue for Venezuela or they will kick us out again.
Posted on 1/6/26 at 8:48 am to wackatimesthree
quote:
I'm so much smarter than you it should make headlines.
if I could buy you for how smart you actually are and sell you for how smart you think you are I’d be a much richer man. You aren’t smart.
This post was edited on 1/6/26 at 8:48 am
Posted on 1/6/26 at 8:53 am to bigjoe1
It’s going to take some time but having our companies run the oil business down there is in ours and Venezuela’s best interest
It’s nation building but imo, it’s a worthwhile endeavor as long as we get paid back
It’s nation building but imo, it’s a worthwhile endeavor as long as we get paid back
This post was edited on 1/6/26 at 8:55 am
Posted on 1/6/26 at 8:53 am to wackatimesthree
quote:
Then I guess that means you know more than these guys.
look up “appeal to authority” fallacy.
Thanks on behalf of us all.
Posted on 1/6/26 at 8:54 am to wackatimesthree
quote:
Dullard
Posted on 1/6/26 at 8:55 am to aTmTexas Dillo
quote:In my corner of the world, 1/8 payable to the landowner was the standard ... forever, until the early 1980s or maybe late 1970s.
Boy that sounds good for Venezuela. Lowest royalty I ever saw was 12 1/2% on a 1940s lease.
This post was edited on 1/6/26 at 9:33 am
Posted on 1/6/26 at 8:58 am to Sweep Da Leg
quote:
Low oil price doesn’t make it a bad investment. At all.
Explain please… falling crude prices and supply glut create a bearish market… is that wrong?
Posted on 1/6/26 at 8:58 am to BBONDS25
quote:Barry, why would you remove the important part of that post?
The size of the reserves is irrelevant, if those reserves cannot be recovered due to dangerous instability.quote:
holy shite.
Looking for cheap upvotes? Shame on you.
Posted on 1/6/26 at 9:02 am to RelentlessAnalysis
I worked in that business for nearly 35 years and retired a decade ago. I never saw "modern" leases with low royalty. The only low royalty was on legacy 1930s/40s leases. It was our charge to try and get 80% leases. Mostly we got 75% leases. But there is no way we are going to arm twist Venezuela into 5% royalty.
You are Aggie Hank.
You are Aggie Hank.
Posted on 1/6/26 at 9:08 am to bigjoe1
But it’s about making America safe from drugs
Posted on 1/6/26 at 9:10 am to LSUTANGERINE
Halliburton and Schlburge{sp} were up % yesterday
Posted on 1/6/26 at 9:11 am to aTmTexas Dillo
quote:I well-remember how excited landowners in my county were, when we started getting 15-17.5% royalties at the start of the Austin Chalk run.
I worked in that business for nearly 35 years and retired a decade ago. I never saw "modern" leases with low royalty. The only low royalty was on legacy 1930s/40s leases. It was our charge to try and get 80% leases. Mostly we got 75% leases.
You are correct, no one is getting a 5% royalty in a free market today, which is NOT what I said.
Trump is telling us that the US is running the show in Venezuela now. Does the boss not get to grant whatever leases he wants to grant? THAT would be a way to induce big American oil companies to embrace the risk of operating in a relatively-unstable Venezuela.
This post was edited on 1/6/26 at 9:13 am
Posted on 1/6/26 at 9:16 am to wackatimesthree
quote:
Then I guess that means you know more than these guys.
Peterson Institute for International Economics
You real thick aint cha boy
I knew you were going to go to the old tried and true "US companies pay for it". Yes they do, with money their importers give them in the form of additional discounts.
Once again its like your teenage daughter using your credit card to pay for temu junk. Technically she "paid" for it, but it wasnt her money.
Here is an example.....
quote:
Volkswagen said on Thursday that it lost $1.5 billion in the third quarter because of President Trump's tariffs
Im glad you took econ 101 but this is obviously a bit more complex than you can comprehend.
Posted on 1/6/26 at 9:17 am to IvoryBillMatt
quote IvortBillMatt:
Thanks Ailsa, but "the United States" didn't lose anything in Venezuela. American companies did.
...................
Thanks Ailsa, but "the United States" didn't lose anything in Venezuela. American companies did.
...................
Posted on 1/6/26 at 9:25 am to Ailsa
Why are you posting this from President Trump? It doesn't change the reality that oil companies---NOT the USA---had owned those leases.
Posted on 1/6/26 at 9:34 am to IvoryBillMatt
quote IvoryBillMatt:
Why are you posting this from President Trump? It doesn't change the reality that oil companies---NOT the USA---had owned those leases.
...................
Trump disagrees with you. They DID steal our assets.
What about all the American lives lost due to their narco trafficking and human trafficking? 300,000 lives lost. Tren de agua sent to terrorize us and take over apartment buildings, among other things? No loss there?
Why are you posting this from President Trump? It doesn't change the reality that oil companies---NOT the USA---had owned those leases.
...................
Trump disagrees with you. They DID steal our assets.
What about all the American lives lost due to their narco trafficking and human trafficking? 300,000 lives lost. Tren de agua sent to terrorize us and take over apartment buildings, among other things? No loss there?
This post was edited on 1/6/26 at 9:43 am
Posted on 1/6/26 at 9:38 am to RelentlessAnalysis
quote:
Trump is telling us that the US is running the show in Venezuela now. Does the boss not get to grant whatever leases he wants to grant? THAT would be a way to induce big American oil companies to embrace the risk of operating in a relatively-unstable Venezuela.
Well, he's not really the boss. Venezuela is still being run by the vestiges of the Maduro regime. I'm not sure how they get removed since it doesn't look like we will remove them. That is since the whole operation there was law enforcement for an outstanding indictment.
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