Global Events & Politics Überthread
- Thread starter Hawk
- Start date
Long history of tam hat. There is hope.
nsacpi
Expects Yuge Games
CEO Darren Woods said that Venezuela is “uninvestable” after Trump asked him how long it would take the firm to restart operations there. He added that “significant changes have to be made to those commercial frameworks, the legal system, there has to be durable investment protections,” and there needs to be a rewrite of the laws governing oil production in Venezuela.
It will be a monumental challenge for Venezuela to re-establish rule of law.
It will be a monumental challenge for Venezuela to re-establish rule of law.
nsacpi
Expects Yuge Games
Woods noted that Exxon has twice had its infrastructure expropriated by the Venezuelan government in the past. The company is still owed about $1 billion. Another firm at the meeting, ConocoPhillips, is still owed almost $9 billion in Venezuela, as a result of its assets being expropriated there. But Trump told the firms that are owed money that they will not get any special consideration in dealmaking.
“We’re going to start with an even plate,” he said. “We’re not going to look at what people lost in the past because that was their fault. That was a different president. You’re going to make a lot of money, but we’re not going to go back.”
“We’re going to start with an even plate,” he said. “We’re not going to look at what people lost in the past because that was their fault. That was a different president. You’re going to make a lot of money, but we’re not going to go back.”
With the largest armada ever assembled off th coast it’ll be easier than one would think.