Post #66876 by Steve203 on the US Policy board

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In true USian "JC" fashion, oil company honchos want MORE from we taxpayers.

'Uninvestable': Big Oil skeptical of Trump's Venezuela push without big changes

But (Exxon CEO) Woods said existing legal and commercial challenges make the country's oil "uninvestable" unless changes are made for legal, financial and security guarantees. "There has to be durable investment protections and there has to be a change to the hydrocarbon laws in the country."

If the Trump administration is able to address those needs, ExxonMobil can "hit the ground" quickly, Woods said.

Ryan Lance, chairman and CEO of ConocoPhillips, said talks need to take place with banks to restructure debt for oil companies that invest billions into energy infrastructure. He singled out the EXIM Bank, the official export creditor of the federal government.

"If we can do that, and think bold, there's an opportunity to be quick, fast and restore quality of what's been lost in Venezuela over the course of the last 25 years."

https://currently.att.yahoo.com/finance/news/uninv...

Bend over, taxpayers.

Steve

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