Trump administration sets meetings with oil companies over Venezuela, source says

[dutch777]

4. They will genuflect and then do nothing. Just like in Iraq. Of course Donnie will declare victory.

Plus last thing the oil companies want to see is a bunch of new oil hitting the market when the price per barrel of oil is already low. $60 per barrel or lower is when many companies' wells start becoming unprofitable. Price has already been hovering around $58/barrel. On top of that, they already have the threat that if Donnie lifts sanctions on Russian oil, they will flood the market too to try and rebuild their economy and their military. Any way you cut this, it has the potential to be very damaging to the status quo and market stability that is in the oil companies' immediate interests.

The other thing Donnie et. al. probably didn't pay attention to is that while Venezuela has 17% of the world's oil reserves, it has only been producing 1% of global supply as the oil fields and related infrastructure have not been maintained under Chavez/Maduro. Fixing that is a huge investment and will take years. Assuming the new Venezuelan regime resists supporting Big Oil or turns into a guerilla movement that sabotages outsiders efforts, this is not a promising place to invest.