QP!
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This is Nation Building 101.
The US must now embark on over a decade to build up Venezuela infrastructure not just to produce oil but roads and ports, etc so the oil can be accessed and extracted.
This movie is not new. It was tried in Venezuela prior with the Big Oil companies losing billions when they invested and then got kicked out with regime change. It was done in the Middle East, leading to 9/11 and an era of emerging Terror Organizations all considering America (not Israel) the biggest target for attacks.
So this time Trump is floating US taxpayers pay all the costs... and of course then Big Oil gets all the profits.
..."A tremendous amount of money will have to be spent, and the oil companies will spend it, and then they’ll get reimbursed by us or through revenue," he said...
"It’ll be a very substantial amount of money will be spent" by the oil companies, Trump said. ...
Despite Trump's optimism, oil companies have appeared skeptical of quickly entering, expanding or investing in Venezuela. A history of state asset seizures, the ongoing U.S. sanctions and the latest political instability all feed into this caution.
The US must now embark on over a decade to build up Venezuela infrastructure not just to produce oil but roads and ports, etc so the oil can be accessed and extracted.
This movie is not new. It was tried in Venezuela prior with the Big Oil companies losing billions when they invested and then got kicked out with regime change. It was done in the Middle East, leading to 9/11 and an era of emerging Terror Organizations all considering America (not Israel) the biggest target for attacks.
So this time Trump is floating US taxpayers pay all the costs... and of course then Big Oil gets all the profits.
Trump says the U.S. government (taxpayers) may reimburse oil companies for rebuilding Venezuela's infrastructure
Big oil firms will either "get reimbursed by us or through revenue," Trump told NBC News in an exclusive interview...."A tremendous amount of money will have to be spent, and the oil companies will spend it, and then they’ll get reimbursed by us or through revenue," he said...
"It’ll be a very substantial amount of money will be spent" by the oil companies, Trump said. ...
Despite Trump's optimism, oil companies have appeared skeptical of quickly entering, expanding or investing in Venezuela. A history of state asset seizures, the ongoing U.S. sanctions and the latest political instability all feed into this caution.
