Source link : https://bq3anews.com/why-large-oil-isnt-keen-on-venezuela/
After the USA captured Venezuela’s president initially of 2026, Donald Trump promised to “unleash” the rustic’s oil provide. He sought after corporations to take a position US$100 billion (£74 billion) to pay money for it.
Giant oil despite the fact that, turns out not up to interested in that concept, showing to believe Venezuela too pricey or dangerous. Exxon Mobil’s unenthusiastic reaction, describing Venezuela as “uninvestible”, even earned a private rebuke from Trump.
So possibly Trump misunderstood how large oil works, and considered oil companies because the quintessential possibility takers – without equal exploiters of uncertainty. Possibly he had in thoughts Daniel Day Lewis’s persona within the movie There Might be Blood, who was once prepared to possibility the whole thing to get his arms of extra of the black stuff.
However whilst that can had been true for some oil companies within the early 1900s, within the twenty first century, not anything may well be farther from the reality. Giant oil in 2026 does no longer like uncertainty. It prefers to put money into what it is aware of, like plastics and petrochemicals. It does no longer need to get entangled with issues as unsure as Venezuela and inexperienced power.
This concept is subsidized by way of my very own analysis at the world oil trade, which displays that giant oil corporations have a tendency to base their industry methods on long run oil manufacturing.
And South American…
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Author : bq3anews
Publish date : 2026-02-19 09:25:00
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