Quote:
Originally Posted by FlamesAddiction
Trump seems to think it's a foregone conclusion. Trump said that the oil companies are going to go in and rebuild. His exact words were; "A tremendous amount of money will have to be spent and the oil companies will spend it". He also says that they may be reimbursed by the government or through revenues, but it sounds like he assumed that the oil companies would first go in and have to do the work, which sounds like more than just probing.
The three biggest US oil companies – Exxon Mobil, ConocoPhillips and Chevron – have not yet had any conversations with the administration about Maduro’s removal, Reuters reported. This contradicted Trump’s statements over the weekend that he had already held meetings with “all” the US oil companies, before and since Maduro was seized.
“Nobody in those three companies has had conversations with the White House about operating in Venezuela, pre-removal or post-removal to this point,” one of the sources told Reuters.
https://www.theguardian.com/business...ela-investment |
That’s classic Trump framing, but it doesn’t change how capital actually moves. He also framed that tariffs were being paid for by the foreign companies rather than importers/US consumers.
Oil companies don’t front billions because of a speech or a handshake. If there’s reimbursement, revenue backstops, or government support, that stuff gets nailed down before a dollar is spent, not after, and it’s written into contracts, guarantees, and probably law. Even if the administration is convinced this ends with rebuilding, the order still matters: security first, rules and contracts second, money last. Until those boxes are checked, Trump’s confidence is just political talk, not something an executive and board is going to sign off on.
RBC was at the National Petroleum Council meetings in Washington all said that investment would only occur with a stable operating and security environment.