Our greaseball conniving and Epstein distracting Pedophile in Chief, President Donald J Trump and his entire incompetent administration, fails to do their due diligence in investigating the Oil reserves of Venezuela before launching expensive wars and costly stationary deployments.
Only one person within his administration could have simply asked Ai, could have saved hundreds of lives as the data collated was already conducted and finalized giving us an indication as to the viability of oil companies pulling oil out of Venezuela, a no go….as Throck AI says
According to Rystad Energy Analysis, it would take no less than 16 years and at least $183 billion for Venezuela to produce a mere 3 million barrels of oil a day.
Throck AI continues to say the following
Throck, AI, described Friday’s round table on Venezuela oil investment:
“many senior oil executives voiced hesitation or outright skepticism about investing:
- ExxonMobil (Darren Woods): Called Venezuela “uninvestable” in its current state without major legal, commercial, and investment-protection reforms. Woods emphasized that Venezuela’s past expropriation of assets and unclear legal frameworks make substantial investment risky.
Investment Barriers Noted: The industry pointed to
- Weak legal protections and regulatory uncertainty,
- History of nationalization and asset seizures,
- Dilapidated infrastructure requiring massive spending, and
- Political instability and unresolved sanctions.
Other Firms: Some companies, including Chevron and a few independents, expressed more willingness in principle, but no major firm made immediate firm commitments to invest at scale.
Why They’re Hesitant
Oil companies’ reluctance stems from a combination of commercial and risk factors:
- Legal and Regulatory Risk: Without durable investment protections and changes to Venezuela’s laws, companies see the environment as too unstable.
Past Nationalization: Both Exxon and ConocoPhillips lost assets in Venezuela before and remain cautious about returning without strong guarantees.
Huge Capital Needs: Venezuela’s oil infrastructure has been neglected for years, meaning massive rebuilding costs before production can rise.
Economic Viability: With current oil prices and required long-term investments, the financial case is uncertain unless risks are significantly reduced.
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