Until there is a stable government that is not likely to steal all the invested assets as they did before, I cannot Blame Exxon for turning this down.
He needs to land troops there to get Exxon to go there.
“Until there is a stable government that is not likely to steal all the invested assets as they did before, I cannot Blame Exxon for turning this down.”
Yeah. Need more stability before XOM will want to go back into Venezuela given the history.
Our own government is also the problem. Who will be president in 2029
A stable government in Venezuela I presume...
God only knows what Trump may do on any given day and what kind of government we might get next year and in 2028.
If you are Exxon, planning 1 and 3 years out matters.
Especially with the opposition Party going full Communist!
Especially going into the Mid-Term election of a Lame Duck.
What oil company gets burned TWICE and is willing to invest hundreds of millions of $$$ in today's money on the hope you'll not get burned a THIRD time?
Telling businesses to invest where they’d lose money is what Democrats do.