Follow up to what I was saying yesterday:
View attachment 54136
Reuters article citing the FT article cited in the tweet attached above:
The question here is: is that how the US gets troops on the ground
and throws taxpayers’ (the tariff) money at the oil or is this where the orange dreams end?
(Quoting myself for continuity)
Another follow up on the orange dreams of oil, the last one probably as it is becoming rather clear now and basically confirms what I originally posted on the subject. First, I would encourage you to listen to the XOM chief responding to Trump. In short, Exxon had been in Venezuela since the 1940s and their assets there were seized twice; today Venezuela is uninvestable; but you have done great, Mr President and we appreciate your work.
Chevron’s chief was more optimistic (or more cautious around Trump?) and said that they can increase the output and (something like) are committed to investment in Venezuela. Easier for Chevron since they are already there. Of course, this happened then (no video, since it would have to be cropped to show this), lol:
Basically, none of the big boys are going to throw any big money into VZ for the reasons I discussed previously. Trump asked for $100B and this is really the minimum and still ludicrous to expect anyone agreeing to it.
Trump has said American companies will move quickly to invest in Venezuela.
www.notus.org
Smaller guys expressed some interest though (easier to be forgotten by the big man).
Regarding the $100B figure and perspective. I saw a reasonable estimate of over (it’s really at least) $10B required for security alone over the next decade.
Another thing I talked about the other day:
All this is just way too obvious to those familiar with the industry. His “plan” is a dud. But, what I described previously as redirection of VZ oil exports is a thing. The reports indicate, however, that China is looking into securing more of our (Canada) oil exports (also heavy sour for the most part, less so than VZ), while they are already buying about 40% of Canadian oil leaving from the BC terminal. It appears we are heading towards being added to the “axis”, replacing the now friendly Venezuela, and getting primed for annexation (looking at you BigZ). We need to build the damn pipes going east and west asap and without government participation as was the case with the TMX expansion. I doubt that is going to happen though, with or without government participation, because we are… well, we are we.
Side note, Trump said he would meet Machado next week and would be honoured to accept the Noble Peace from her that she previously said she would share with him.
The president also said it would be a "great honor" if Machado decided to give him the Nobel Peace Prize she won last year.
www.nbcnews.com
This is off topic (and I am not looking for a discussion derailing the thread), but I have never seen anything like this in my life. I would bet a good share of medical professionals has neither. This is really something and we get the privilege of watching it from the from row seats. France is postponing the G7 meeting they are hosting because Trump is having an MMA event in the freaking White House that day, for his birthday (very cute). This is really amazing stuff, in spite of being completely nuts.
