Oil Companies Say NO to Trump's Venezuela Plan

 

Trump enjoyed his most dramatic "success" at the start of the year, with his military's flawless operation to grab Nicolas Maduro, and to extort Venezuela into giving the US exclusive access to its oil resources. He promised big as a result - American oil companies would now invest $100 billion into Venezuela's crumbling oil infrastructure to bring it back up to peak productivity. But in a major humiliation to arguably his biggest achievement so far, the oil companies are turning him down. It turns out that Trump's promises are not something they feel they can take to the bank. Even an industry used to managing risk finds President Trump plain too risky. Let's discuss. 

 

 

 

Source:   Mallen Baker