Post #66876 by Steve203 on the US Policy board

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...they fob risk off on the taxpayers.

Trump says oil companies will spend $100 billion in Venezuela with U.S. protection

Exxon CEO Darren Woods, ConocoPhillips CEO Ryan Lance and Chevron Vice Chairman Mark Nelson attended. Executives from Halliburton, Valero and Marathon were also present among others.

Trump said oil companies will spend at least $100 billion to rebuild Venezuela’s energy sector. The U.S. will provide security and protection so “they get their money back and make a very nice return,” he said.

https://www.cnbc.com/2026/01/09/trump-venezuela-oi...

Facilities protection, probably by Mercs (so a crony can make a profit), or it could be guarantees for invested capital, at taxpayer expense, and guaranteed profits, at taxpayer expense. Just about what I figured.

Steve...long COP, CVX, XOM

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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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again, the billions already spent in this special police action will not be borne by whoever is gifted ephemeral options on reserves.

next up : trump outsources taxpayer-funded protection in VZ to remnants of Wagner group tired of being drone fodder.

(it seems all the stored crude on land and sea was long spoken for)

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next up : trump outsources taxpayer-funded protection in VZ to remnants of Wagner group tired of being drone fodder.

Wagner's head already mutinied over being cannon fodder. As happens to most of Putin's critics, he had a fatal "accident".

More likely the oil facility security contract would go to Constellis Holdings, the company formerly known as Blackwater, which earned a reputation for brutality in Iraq.

Looks like Constellis is Trump's kind of company. All the honchos are white. No Asians. No Indians. No Blacks, No obvious Hispanics.

https://constellis.com/who-we-are/leadership/

Steve

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unless changes are made for legal, financial and security guarantees.

Trump's assault on the region is fomenting a lotta hatred. Attempting to provide security for the US OilCos means a major military operation with high costs and certain casualties.

There will be blood.

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