Subject: Re: Venezuelan Oil Investment
Especially since there's going to be some opposition from domestic oil producers who are already smarting from low prices, and aren't going to be excited to see federal resources going to support a foreign source of oil that's going to compete with them.

Yep. US Shale drillers are not pleased at the prospects.

"Shale chiefs warn Trump that Venezuelan oil will hobble US drillers...
President’s effort to drive down crude prices will hit sector struggling to sustain output growth.

“We’re talking about this administration screwing us over again,” said a top executive at one of the country’s leading shale groups, describing the plans as “against American producers”.

“If the US government starts providing guarantees to oil companies to produce or grow oil production in Venezuela I’m going to be . . . pissed.”


https://www.ft.com/content/f49...