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Vogon_Glory

(10,208 posts)

2. Exxon Mobil's making a sensible call

Mon Jan 12, 2026, 06:06 AM

Jan 12

They saw that there were too many negatives for taking over old infrastructure or drilling and building new. Venezuela’s laws are also a big muddle and are likely to remain that way for some time: why should Exxon Mobil go in someplace, drop hundreds of millions (or more) on Venezuelan properties only to have it nationalized when Orange Julius is gone?

Orange Julius’ Venezuelan operation looks like it was thought up by some idiot(s) who don’t know anything about the oil business.

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Luvcatz14 Ray Bruns Joe_michigan oasis NJCher Talitha tonekat txwhitedove GrapesOfWrath

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Highlight:

Trump 'inclined' to keep Exxon out of Venezuela after CEO calls it 'uninvestable' [View all] BumRushDaShow Jan 12 OP

Until he goes after Exxon's short term profits, they won't care Raven123 Jan 12 #1

Exxon Mobil's making a sensible call Vogon_Glory Jan 12 #2

In my opinion, they see trump lining up with the regime responsible for destroying Venezuela. Escurumbele Jan 12 #17

Yeah, right. He'll take investments wherever he can get them. Even Exxon. MLWR Jan 12 #3

"Watch what happens when you don't kiss my ass." KS Toronado Jan 12 #4

Exxon has more money than Trump lonely bird Jan 12 #5

Let me guess which presidential candidate the Exxon CEO Dr. T Jan 12 #6

Remember this? BumRushDaShow Jan 12 #10

They don't want it. So he's threatening to block them from something they don't want IronLionZion Jan 12 #7

That's what I was thinking. "You want to invest in this company!" Ray Bruns Jan 12 #8

But then there will be the "rest of the story..." BumRushDaShow Jan 12 #15

Ahhhh! Some good old fashioned extortion. Ray Bruns Jan 12 #25

"Transactional" as is often mentioned BumRushDaShow Jan 12 #27

"Oh please don't throw us into that briar patch!" 🤭 tanyev Jan 12 #13

This message was self-deleted by its author Old Crank Jan 12 #9

I never thought in a million years... LisaM Jan 12 #11

Break even for new wells in Texas $62 Old Crank Jan 12 #12

You can lead an oil company to oil but you can't make them drill. twodogsbarking Jan 12 #14

Trump is a lame-duck president. All his policies could be reversed with a Democratic president elected in 2028. Lonestarblue Jan 12 #16

The other oil companies probably feel likewise. JohnnyRingo Jan 12 #18

"But they're playing it out just in case sane people intercede and make it a moot issue." BumRushDaShow Jan 12 #19

Sir, redirect your thoughts to the disaster that is this country! Hope22 Jan 12 #20

I remember reading once a while back that the oil companies had agreed that the per barrel price... littlemissmartypants Jan 12 #21

The Dallas Federal Reserve does an annual survey to the oil producers asking about what their "breakeven" price is BumRushDaShow Jan 12 #28

So... littlemissmartypants Jan 12 #32

The next report won't happen until this March BumRushDaShow Jan 12 #35

It will be interesting to see that March report. ❤️ littlemissmartypants Jan 12 #40

Venezuelan oil needs a very certain type of refinery and Exxon doesn't have those refineries.... Botany Jan 12 #22

Orange Julius buddy does though, 3 of em Strelnikov_ Jan 12 #38

You mean the refineries on the Gulf Coast that are already set up for Venezuelan oil? Botany Jan 12 #41

Per Paul Krugman a week or so ago Strelnikov_ Jan 12 #42

The Republican/Rich shits along with various corps, thugs, crypto scammers, and ? have taken corruption to ... Botany Jan 12 #43

Much bigger than Teapot Dome Strelnikov_ Jan 12 #44

He is trying to get them to pay him some way JI7 Jan 12 #23

Is this the nwduke Jan 12 #24

Exactly! oasis Jan 12 #26

I need a tee shirt that reads ..... 70sEraVet Jan 12 #29

Great protest sign, 70sEraVet. There are shops on Etsy that can do that shirt for you. ❤️ littlemissmartypants Jan 12 #33

I'm near Houston and this is what I'm hearing - TBF Jan 12 #30

The numbers I just looked at, that BRDS shared, support that notion. littlemissmartypants Jan 12 #34

Oil is already barely at break even prices NickB79 Jan 12 #39

trump's feelings were hurt LetMyPeopleVote Jan 12 #31

Rex Tillerson looked at trump in the first term tonekat Jan 12 #36

I couldn't remember his name BumRushDaShow Jan 12 #37