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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Steve203 ⎊❂🐝 HONORARY
SHREWD   😊 😞
Number: of 86289 
Subject: Big oil gets the law it wanted
Date: 01/29/26 9:07 PM
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Venezuelan lawmakers approve new law opening oil industry to foreign companies

The reform, backed by acting President Delcy Rodríguez, will open up the Venezuelan oil industry, at present largely controlled by state-owned company Petróleos de Venezuela (PDVSA), and allow foreign companies to manage oilfields at their own risk and cost.

The law was approved on the same day that the US Treasury eased some sanctions on Venezuela’s oil industry. It issued a general license authorizing US companies to carry out certain activities with the Venezuelan government related to the export, purchase, sale, storage, and transportation of the country’s oil, among other operations.

currently.att.yahoo.com - Venezuelan lawmakers approve law opening

Steve
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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