No. of Recommendations: 2
...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
