Donald Trump has suggested US taxpayers could reimburse energy companies for repairing Venezuelan infrastructure for extracting and shipping oil.
Trump acknowledged that “a lot of money” would need to be spent to increase oil production in Venezuela after US forces ousted its leader, Nicolás Maduro, but suggested his government could pay oil companies to do the work.
“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,” the president said.
The US energy secretary, Chris Wright, reportedly plans to meet representatives of Chevron, ConocoPhillips and ExxonMobil at the Goldman Sachs Energy, Clean Tech & Utilities Conference in Miami later this week.
I’m no expert and would love to be told if this is wrong, from what I’ve heard, oil companies won’t be doing jack shit so I don’t think you will need to worry about your tax dollars reimbursing them.
Oil is barely profitable for investment at the moment.
If it was they could invest into US oil in the permian basin where there is still billions of barrels to go. Drill baby drill, I belive they say.
Investment would be much more stable in the US because fuck knows what is going to happen in venuzula in the next year, let alone in the next administration. They would probably lose it all over again.
It would be profitable for them if they get the taxpayers to cover all their expenses while keeping the gains for themselves.
It would be evil, but capitalism doesn’t care about that. They only care about what’s profitable, even if everyone else suffers as a result.
Oh, well yeah if the tax payers are tax paying then yes they are pretty fucked but I still don’t see them actually building anything.
He couldn’t even build a wall last time, she’ll be right mate.
I like your optimism, but walls don’t extract oil…