Post #450

🌟Hesitation is Defeat - Trump US president has threatened to kept cautious companies out of Venezuelan oil 🌟 At first glance, American companies whose assets Hugo Chávez "took away" in 2007 and Trump, who wants to make money on Venezuelan oil, seem destined to act as a team. But true to his habit of wielding politics with an axe and not a scalpel, Trump has already begun picking fights even with oil producers. 🛢 After ExxonMobile's CEO said the company would need serious guarantees from Washington before returning to Venezuela, Trump responded that he plans to keep Exxon out. Earlier, at a meeting with representatives of major companies on Friday, the US president said that oil giants would be expected to invest around $100 billion in Venezuela. ▶️ So far only trading companies have shown readiness to touch Venezuelan oil, which pushed the US towards introducing a new legislation protecting the potential oil sales revenues from seizure by former creditors or other entities. 🔴 Without any desire to defend oil corporations, it is still worth noting that operating in a country from which the president was brazenly (and so to say illegally) spirited away is not the best idea. Yet Trump appears unwilling to offer his own companies any institutional guarantees for their involvement in Venezuelan oil affairs. He wants oil right away—and for companies to depend directly on his personal will and his continued hold on power. #Global ➡️ Follow to stay informed - @devilsbelow