Trump's Venezuelan oil adventure is coming apart at the seams [Los Angeles Times (CA)]
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Source: Los Angeles Times
Darren Woods is known mostly as the chairman of ExxonMobil, the largest U.S. oil company. On Friday, however, he made noise in a different sphere by placing an obscure financial term into the political lexicon: “Uninvestible.” That's how Woods described Venezuela—more specifically, Venezuela's oil industry. His remark came during a meeting of some two dozen oil executives convened at the White House by President Trump, whose goal was to collect their praise for his capture and arrest of Venezuelan strongman Nicolas Maduro to face U.S. drug trafficking charges. Trump opened the session with a lengthy spiel suggesting that the spigots of Venezuelan oil would soon be open, flooding the market with cheap petroleum for the benefit of American taxpayers, Venezuelan citizens and big oil companies. He spoke with the confidence of a self-appointed Venezuelan Shogun—indeed, over the weekend he amended his biography on his TruthSocial online platform to give himself the title of “ Acting
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News
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Trump's Venezuela Gambit Could Erode OPEC's Clout in Oil Markets [Yahoo! Finance]Yahoo! Finance
- Trump threatens to keep ‘too cute' Exxon out of Venezuela after CEO provides reality check on ‘univestable' industry [Fortune]Fortune
- Exxonmobil pushes pack on Trump's call for investing in Venezuela, says its 'uninvestible' [FOX Business Network]FOX Business Network
- Hiltzik: Trump's Venezuelan oil adventure is coming apart at the seams [Yahoo! Finance]Yahoo! Finance
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