The Venezuela thread

[BeardedVol]

Trump seeks $100bn for Venezuela oil, but Exxon boss says country 'uninvestable'

Oil executives expressed caution, with one executive saying Venezuela had seized their assets twice.

www.bbc.com

 

[LSU-SIU]

LSU”s lack of cordial demeanor is concerning.

Well, why would anyone be super nice to people trying to sell them the same horse **** over and over, and over and over....

I'm not mean about it, just straight to the point. If someone is upset about my comments, its because they are trying to avoid responsibility i.e. delusion, denial, etc.

Getting upset at me isn't going to change anything, that much is apparent.

 

[Volnanza]

View attachment 806024

Trump seeks $100bn for Venezuela oil, but Exxon boss says country 'uninvestable'

Oil executives expressed caution, with one executive saying Venezuela had seized their assets twice.

www.bbc.com

This is called "negotiating".

 

[LSU-SIU]

View attachment 806024

Trump seeks $100bn for Venezuela oil, but Exxon boss says country 'uninvestable'

Oil executives expressed caution, with one executive saying Venezuela had seized their assets twice.

www.bbc.com

Its different this time. TM (U.S. Foreign Policy for 60 years)

 

[PEPPERJAX]

Well, why would anyone be super nice to people trying to sell them the same horse **** over and over, and over and over....

I'm not mean about it, just straight to the point. If someone is upset about my comments, its because they are trying to avoid responsibility i.e. delusion, denial, etc.

Getting upset at me isn't going to change anything, that much is apparent.

Well
You’re lucky I’m not upset.

 

[LSU-SIU]

This is called "negotiating".

What is being negotiated?

 

[LSU-SIU]

Well
You’re lucky I’m not upset.

I'm not sure that is true, but good for you if so.

 

[BeardedVol]

This is called "negotiating".

"Negotiating" with whom?

 

[LSU-SIU]

"Negotiating" with whom?

There currently isn't anyone to really negotiate with, as the administration says these people were not duly elected -- not sure that is the standard, but... These puppets will eventually be replaced by new puppets i.e. freedom.

What Donald Trump is really saying is -- don't send money to Venezuela as he can determine the outcome i.e. seizure, voiding of contracts, droning, etc.

 

[Volnanza]

Who and What are being negotiated? It's written in the article. How about you read it before you respond. Here we go. Back to the Lazy folks that want others to read for them. How could you miss this sentence if you read it?

"But they said significant changes would be needed to make the region an attractive investment."

Who??? It's written right there.

"Exxon's chief executive Darren Woods"

Comon people. This is embarssing.

 

[LSU-SIU]

Who and What are being negotiated? It's written in the article. How about you read it before you respond. Here we go. Back to the Lazy folks that want others to read for them. How could you miss this sentence if you read it?

"But they said significant changes would be needed to make the region an attractive investment."

Who??? It's written right there.

"Exxon's chief executive Darren Woods"

Comon people. This is embarssing.

At most the U.S. is saying they can allow it proceed i.e. sanctions. Anything other than that wouldn't be worth the paper its written on. That doesn't mean some silly pr stunt from an oil or gas company couldn't happen but there is no way this proceeds at scale right now. Its called PR.

 

[Orange_Crush]

Who and What are being negotiated? It's written in the article. How about you read it before you respond. Here we go. Back to the Lazy folks that want others to read for them. How could you miss this sentence if you read it?

"But they said significant changes would be needed to make the region an attractive investment."

Who??? It's written right there.

"Exxon's chief executive Darren Woods"

Comon people. This is embarssing.

I think he's asking who in Venezuela will be negotiated with to bring about the changes.

 

[BeardedVol]

Who and What are being negotiated? It's written in the article. How about you read it before you respond. Here we go. Back to the Lazy folks that want others to read for them. How could you miss this sentence if you read it?

"But they said significant changes would be needed to make the region an attractive investment."

Who??? It's written right there.

"Exxon's chief executive Darren Woods"

Comon people. This is embarssing.

Again, with whom is Darren Woods negotiating with?

What part of "uninvestable within the current environment" even leaves room for negotiation?

 

[LSU-SIU]

Again, with whom is Darren Woods negotiating with?

What part of "uninvestable within the current environment" even leaves room for negotiation?

PR stunt that backfired.

 

[BeardedVol]

PR stunt that backfired.

On that we can agree.

Watching Harold Hamm sidestep Trump's direct question as to whether he would be involved in oil exploration tells you everything you need to know about that meeting.

 

[CobbVol]

Good news for the people of Venezuela ...

From the article:

Exxon Mobil CEO Darren Woods ‌said on Friday the U.S. oil major is ‌ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago.

"It's absolutely critical in the short term that we get a technical team in place to assess the current state of the industry and the assets, understand what will be involved to help the people of Venezuela get production back on the market," Woods said, adding that the visit could happen once appropriate security guarantees were in place.

Chevron Vice Chairman Mark Nelson, who was seated next to Trump adviser Stephen Miller, highlighted the company's 100-year history in Venezuela and its current status as the only American oil major currently operating there. He said the company is ready to increase liftings at its joint ventures with state oil company PDVSA by 100% immediately.

"We are also able to increase our production within our own disciplined investment schemes by about 50% just in the next 18 to 24 months," Nelson said.

https://money.usnews.com/investing/news/articles/2026-01-09/exxon-ceo-says-prepared-to-evaluate-reentering-venezuela

 

[tim]

Good news for the people of Venezuela ...

From the article:

Exxon Mobil CEO Darren Woods ‌said on Friday the U.S. oil major is ‌ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago.

"It's absolutely critical in the short term that we get a technical team in place to assess the current state of the industry and the assets, understand what will be involved to help the people of Venezuela get production back on the market," Woods said, adding that the visit could happen once appropriate security guarantees were in place.

Chevron Vice Chairman Mark Nelson, who was seated next to Trump adviser Stephen Miller, highlighted the company's 100-year history in Venezuela and its current status as the only American oil major currently operating there. He said the company is ready to increase liftings at its joint ventures with state oil company PDVSA by 100% immediately.

"We are also able to increase our production within our own disciplined investment schemes by about 50% just in the next 18 to 24 months," Nelson said.

https://money.usnews.com/investing/news/articles/2026-01-09/exxon-ceo-says-prepared-to-evaluate-reentering-venezuela

But.. who is he negotiating with?

-LSU/Beard

 

[LSU-SIU]

On that we can agree.

Watching Harold Hamm sidestep Trump's direct question as to whether he would be involved in oil exploration tells you everything you need to know about that meeting.

There isn't a sane soul who would invest significantly large amount of money in that country before this happened, let alone now. The Chinese were probably their only hope to slowly try and build something up again. Trump might try some type of backstop by the U.S. government i.e. paying oil companies to fail at that point. Meaning, they get a backstop from the government whether it happens or not.

Large energy projects, let alone mega ones are 30-50 year to get to break even. Even, if they didn't have to pay any royalties its not worth this risk i.e. Venezuelans get nothing. The world is still going throw the original broken contracts, let alone the Chinese ones that will be broken.

If the plan was to destroy Venezuela for the next 20+ years, I would say it was a successful mission.

 

[BeardedVol]

Good news for the people of Venezuela ...

From the article:

Exxon Mobil CEO Darren Woods ‌said on Friday the U.S. oil major is ‌ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago.

"It's absolutely critical in the short term that we get a technical team in place to assess the current state of the industry and the assets, understand what will be involved to help the people of Venezuela get production back on the market," Woods said, adding that the visit could happen once appropriate security guarantees were in place.

Chevron Vice Chairman Mark Nelson, who was seated next to Trump adviser Stephen Miller, highlighted the company's 100-year history in Venezuela and its current status as the only American oil major currently operating there. He said the company is ready to increase liftings at its joint ventures with state oil company PDVSA by 100% immediately.

"We are also able to increase our production within our own disciplined investment schemes by about 50% just in the next 18 to 24 months," Nelson said.

https://money.usnews.com/investing/news/articles/2026-01-09/exxon-ceo-says-prepared-to-evaluate-reentering-venezuela

Lol

Our perspective regarding the situation in Venezuela as shared with President Trump | ExxonMobil

ExxonMobil Chairman and CEO Darren Woods, alongside other industry executives, attended a meeting hosted by President Donald Trump today to discuss the future of the oil and gas industry in Venezuela.

corporate.exxonmobil.com

 

[LSU-SIU]

But.. who is he negotiating with?

-LSU/Beard

The U.S. has no ability to do this... anyone can send a team. No private company is going to just throw big money at this. Again, the U.S. is not the party from which a contract can be formed, and the other creditors are sitting there still waiting.

Even if there was magic, its basically a 10-20 year thing to even get to the turn around, plus $100s of billions of capital, and the estimates for extraction I have seen just aren't that good.

 

[tim]

The U.S. has no ability to do this... anyone can send a team. No private company is going to just throw big money at this.

I disagree.

 

[LSU-SIU]

I disagree.

Okay, so what you are saying is you would be give someone a 3rd mortgage on a house which is the process of burning down and no mortgage or fire insurance? There is no real future for Venezuela probably in our lifetimes. I hope they don't go back to the machete, but I would suspect that is a possibility.

Its a worse time to invest in Venezuela because you have their master telling investors they can do whatever they want. What Donald Trump is saying is agreements and deals do not exist and are not enforceable.

 

[tim]

Okay, so what you are saying is you would be give someone a 3rd mortgage on a house which is the process of burning down and no mortgage insurance? There is no real future for Venezuela probably in our lifetimes. I hope they don't go back to the machete, but I would suspect that is a possibility.

Its a worse time to invest in Venezuela because you have their master telling investors they can do whatever they want. What Donald Trump is saying is agreements and deals do not exist and are not enforceable.

People love a challenge. Btw, what’s your background, just curious. You can be non specific or not answer of course.

 

[LSU-SIU]

People love a challenge. Btw, what’s your background, just curious. You can be non specific or not answer of course.

All kinds of stuff, I have spoke about it often, some military, some government, some tech, some legal.... now... semi-retired. Most of this doesn't require many skills, most of the political forum on foreign policy is just rinse and repeat stuff from the last 50-60 years.

 

[CobbVol]

Lol
View attachment 806052

Our perspective regarding the situation in Venezuela as shared with President Trump | ExxonMobil

ExxonMobil Chairman and CEO Darren Woods, alongside other industry executives, attended a meeting hosted by President Donald Trump today to discuss the future of the oil and gas industry in Venezuela.

corporate.exxonmobil.com

LOL, have to always add completeness to your rhetoric ...

EXXON - CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago.

Woods, however, said Venezuela was currently "uninvestable" and significant legal changes are needed.

"It's absolutely critical in the short term that we get a technical team in place to assess the current state of the industry and the assets, understand what will be involved to help the people of Venezuela get production back on the market," Woods said, adding that the visit could happen once appropriate security guarantees were in place.

CHEVRON - Vice Chairman Mark Nelson, who was seated next to Trump adviser Stephen Miller, highlighted the company's 100-year history in Venezuela and its current status as the only American oil major currently operating there. He said the company is ready to increase liftings at its joint ventures with state oil company PDVSA by 100% immediately.

CONOCO - ConocoPhillips CEO Ryan Lance, who also attended the meeting, said that PDVSA may need to be restructured if he were to consider a possible return to the country.

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www.reuters.com