Post #3064 by Steve203 on the Macroeconomic Trends and Risks board

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Darren Woods said that Venezuela is "uninvestable" under current conditions, and that many changes would be needed for XOM to consider investing there.

Make of this what you will

"You have total safety, total security. One of the reasons you couldn't go in is you had no guarantees, you had no security, but now you have total security," Trump said during the meeting.

"It's a whole different Venezuela, and Venezuela is going to be very successful. And the people of the United States are going to be big beneficiaries because we're going to be extracting, you know, numbers of in terms of oil, like, you know, few people have ever seen actually. So, you're dealing with us directly. You're not dealing with Venezuela at all. We don't want you to deal with Venezuela."

The president also predicted that the acquisition of Venezuelan oil would lead to massive wealth, lower taxes and "lots of jobs for Americans and for Venezuelans."

https://currently.att.yahoo.com/finance/news/four-...

Steve

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