Bye Bye Venezuela Dictator

[Yssup Rider]

Originally Posted by CG2014

Remember that Biden Harris administration put a $25 million bounty on Maduro.


To those who are going to scream I am making it up, these are from January 10th, 2025.


10 days before President Trump took office and Biden was still sleeping in the Oval Office.


https://www.bbc.com/news/articles/c4g9ezyw0keo


https://www.nytimes.com/2025/01/10/w...as-maduro.html


the case against Venezuela goes back to early 2010s


https://en.wikipedia.org/wiki/United...%C3%A1s_Maduro

How odd that you'd talk about Biden sleeping. Trump nodded off several times during his own fucking press conference.

Orange Man Snores!

You got a point? Why didn't anybody cash in on that bounty? Maybe Trump will try to collect it. In fact ....

[offshoredrilling]

Originally Posted by Yssup Rider

Who's the liar there?

A. Trump
B. Oil companies
C. All of the above

none

[Ilovetheladies2]

It’s goes beyond the war on drugs thats just the beginning civilians don’t know the half of it.

[RX792P]

Originally Posted by Yssup Rider

Who's the liar there?

A. Trump
B. Oil companies
C. All of the above

Good question.
In any case, the current oil company response doesn't exactly mirror this White House statement.
“All of our oil companies are ready and willing to make big investments in Venezuela that will rebuild their oil infrastructure, which was destroyed by the illegitimate Maduro regime,” White House spokeswoman Taylor Rogers said in a statement to CNN.

Yes, Venezuela has 300 billion barrels of oil equivalent (BOE), largest reserve around.

Yes, Conoco is owed $10B from Venezuela, who has only paid a fraction of. OTOH, that loss dates back to 2019 or earlier and may well have already been written off (likely as a tax deduction).

Venezuela oil is primarily extra-heavy crude, extremely viscous, dense, and high in sulfur and carbon. This 'heavy sour' is more expensive to extract and refine. US does have a number of refineries equipped for this type oil...ditto India and China.

Getting Venezuela's oil industry back in shape could cost
$100B. Would take a long time to recoup that, especially if oil prices stay depressed. Don't know what V oil sells for, but West TX sour is about $50/bbl currently.

Throw in uncertainty as to the safety/security around the industry.

May well be the US biggies aren't really that interested in Venezuela right now.

[Ilovetheladies2]

Maduru threatened Trump offered a bounty

[Ilovetheladies2]

So your complaining about cheaper gas dude

[lustylad]

Originally Posted by RX792P

Yes, Conoco is owed $10B from Venezuela, who has only paid a fraction of. OTOH, that loss dates back to 2019 or earlier and may well have already been written off (likely as a tax deduction).

If it dates back to 2019, then let's add 6 years of interest to the $10 billion! Are you suggesting the debt should be forgiven/forgotten because it's 6 years old? That makes no sense.

And so what if they wrote off the BV of their Venezuelan assets and took a tax deduction? If Conoco collects what it is owed, they can book it as a special one-time gain and pay taxes in the year it is received.

You sure seem cavalier about other people's money. I guess it's safe to say you're not a Conoco shareholder.

[lustylad]

Originally Posted by pxmcc

Rubio is trying to spin this to make it all look normal. well, it's far from freaking normal.

Ok, then. Let's set a new precedent... how to successfully engineer regime change without boots on the ground or spilling precious blood & treasure. That would be a good thing, right?

Originally Posted by pxmcc

a law enforcement operation is maybe defensible. taking over another country to steal its fossil fuel resources and enrich American companies? not so much.

Good grief! Who is spinning a false narrative now? The only "stealing" that has occurred was the expropriation of oil industry assets by Chavez/Maduro without paying proper compensation.

If we can help a stable democratic Venezuela restore its oil sector to pre-Chavez production levels, the biggest winners will be the Venezuelan Treasury and the Venezuelan people!

[pxmcc]

Originally Posted by lustylad

Ok, then. Let's set a new precedent... how to successfully engineer regime change without boots on the ground or spilling precious blood & treasure. That would be a good thing, right?




Good grief! Who is spinning a false narrative now? The only "stealing" that has occurred was the expropriation of oil industry assets by Chavez/Maduro without paying proper compensation.

If we can help a stable democratic Venezuela restore its oil sector to pre-Chavez production levels, the biggest winners will be the Venezuelan Treasury and the Venezuelan people!

so we did this whole operation so 1 or 2 oil companies can get their money back? and when those companies have received a full refund, we'll just hand back Venezuelan oil to the people of Venezuela?

bahahahaha..

i have some prime Florida real estate to sell you at a great price, and it's totally not a swamp nor infested with gators..

[Precious_b]

Originally Posted by RX792P

Good question.
In any case, the current oil company response doesn't exactly mirror this White House statement.
“All of our oil companies are ready and willing to make big investments in Venezuela that will rebuild their oil infrastructure, which was destroyed by the illegitimate Maduro regime,” White House spokeswoman Taylor Rogers said in a statement to CNN.

Yes, Venezuela has 300 billion barrels of oil equivalent (BOE), largest reserve around.

Yes, Conoco is owed $10B from Venezuela, who has only paid a fraction of. OTOH, that loss dates back to 2019 or earlier and may well have already been written off (likely as a tax deduction).

Venezuela oil is primarily extra-heavy crude, extremely viscous, dense, and high in sulfur and carbon. This 'heavy sour' is more expensive to extract and refine. US does have a number of refineries equipped for this type oil...ditto India and China.

Getting Venezuela's oil industry back in shape could cost
$100B. Would take a long time to recoup that, especially if oil prices stay depressed. Don't know what V oil sells for, but West TX sour is about $50/bbl currently.

Throw in uncertainty as to the safety/security around the industry.

May well be the US biggies aren't really that interested in Venezuela right now.

From what I read, it seems donny went to the oil companies before letting anyone on the Hill about his little bagman activities down south.

Originally Posted by Ilovetheladies2

So your complaining about cheaper gas dude

I thought it was the administration promise to be a net exporter. Just another lie. What else is new?

Originally Posted by lustylad

Ok, then. Let's set a new precedent... how to successfully engineer regime change without boots on the ground or spilling precious blood & treasure. That would be a good thing, right?

The only thing new would be if a rightwing administration can pull it off without issue. Guess you tuned out what a mess Rumsfeld hid.

[The_Waco_Kid]

Originally Posted by Precious_b

From what I read, it seems donny went to the oil companies before letting anyone on the Hill about his little bagman activities down south.

as YR likes to ask ...


Where's the link???


thank you valued poster

[Precious_b]

Originally Posted by The_Waco_Kid

as YR likes to ask ...



Where's the link???

I be happy to give you that link.

Got that tucky one i've been waiting for? That pesky network one which you refuse to answer. And you expect others to drop everything to answer your skewed queries.

Sharing is caring. Especially since I asked first

[Yssup Rider]

If you say so, TWK

https://thehill.com/homenews/adminis...-oil-industry/


Trump says he tipped off oil companies on Venezuela attack
​
​
President Trump said Sunday that he spoke to oil companies ahead of the operation in Venezuela and claimed they’re eager to revitalize the industry in the South American nation.

Reporters on Air Force One asked the president if he spoke to American oil companies to tip them off before U.S. forces captured Venezuelan President Nicolás Maduro on Saturday.

Trump nodded and said he spoke to the companies “before and after” the operation.

“And they want to go in, and they’re going to do a great job for the people of Venezuela, and they’re going to represent us well,” Trump continued.

Trump signaled Saturday that his desire to take over the Venezuelan oil industry played a role in his decision to greenlight the operation to capture Maduro.

He said American companies would be able to tap into the country’s significant oil reserves, telling reporters, “We’re going to be taking out a tremendous amount of wealth out of the ground.”

Chevron remains the only large oil company operating in Venezuela, after other major international operators were forced out of the country in the early 2000s, when then-President Hugo Chávez took steps to deepen the nationalization of the oil industry. Today, Venezuela has the world’s largest proven crude oil reserves, accounting for 17 percent of global reserves, but it produces less than 1 percent of the world’s oil supply, the AP reported.

“Chevron remains focused on the safety and wellbeing of our employees, as well as the integrity of our assets. We continue to operate in full compliance with all relevant laws and regulations,” Chevron spokesperson Bill Turenne told the AP.

As the president announced the U.S. would take charge in Venezuela for the foreseeable future, he justified the cost of such a move by pointing to the oil reserves.

“It won’t cost us anything, because the money coming out of the ground is very substantial,” Trump said, adding, “We’re going to get reimbursed for everything that we spend.”

Experts are warning that revitalizing the oil industry could take years and significant financial investments, after the country faced years of neglect and international sanctions, The Associated Press reported. But others have said they’re optimistic Venezuela could more than double its current output of oil and return to its historic levels.

Trump, on Sunday, acknowledged the challenges ahead.

“The infrastructure is rusty, rotten. Most of it unusable. It’s old, it’s broken. You see pipes laying all over the ground. Nothing’s been invested for years,” Trump said.

[The_Waco_Kid]

Originally Posted by Yssup Rider

If you say so, TWK

https://thehill.com/homenews/adminis...-oil-industry/


Trump says he tipped off oil companies on Venezuela attack
​
​
President Trump said Sunday that he spoke to oil companies ahead of the operation in Venezuela and claimed they’re eager to revitalize the industry in the South American nation.

Reporters on Air Force One asked the president if he spoke to American oil companies to tip them off before U.S. forces captured Venezuelan President Nicolás Maduro on Saturday.

Trump nodded and said he spoke to the companies “before and after” the operation.

“And they want to go in, and they’re going to do a great job for the people of Venezuela, and they’re going to represent us well,” Trump continued.

Trump signaled Saturday that his desire to take over the Venezuelan oil industry played a role in his decision to greenlight the operation to capture Maduro.

He said American companies would be able to tap into the country’s significant oil reserves, telling reporters, “We’re going to be taking out a tremendous amount of wealth out of the ground.”

Chevron remains the only large oil company operating in Venezuela, after other major international operators were forced out of the country in the early 2000s, when then-President Hugo Chávez took steps to deepen the nationalization of the oil industry. Today, Venezuela has the world’s largest proven crude oil reserves, accounting for 17 percent of global reserves, but it produces less than 1 percent of the world’s oil supply, the AP reported.

“Chevron remains focused on the safety and wellbeing of our employees, as well as the integrity of our assets. We continue to operate in full compliance with all relevant laws and regulations,” Chevron spokesperson Bill Turenne told the AP.

As the president announced the U.S. would take charge in Venezuela for the foreseeable future, he justified the cost of such a move by pointing to the oil reserves.

“It won’t cost us anything, because the money coming out of the ground is very substantial,” Trump said, adding, “We’re going to get reimbursed for everything that we spend.”

Experts are warning that revitalizing the oil industry could take years and significant financial investments, after the country faced years of neglect and international sanctions, The Associated Press reported. But others have said they’re optimistic Venezuela could more than double its current output of oil and return to its historic levels.

Trump, on Sunday, acknowledged the challenges ahead.

“The infrastructure is rusty, rotten. Most of it unusable. It’s old, it’s broken. You see pipes laying all over the ground. Nothing’s been invested for years,” Trump said.

did Trump ask their approval or just tell them they have a chance to recoup the billions stolen when Venezuela as is typical socialist fashion confiscated the foreign investments that made their country prosperous when Chavez stole it all?



ask me how that all turned out for the average person in Venezuela?


socialism always fails i find it amusing you and The Hill are defending it

[lustylad]

Originally Posted by pxmcc

so we did this whole operation so 1 or 2 oil companies can get their money back? and when those companies have received a full refund, we'll just hand back Venezuelan oil to the people of Venezuela?

bahahahaha..

i have some prime Florida real estate to sell you at a great price, and it's totally not a swamp nor infested with gators..

^^^ Not a serious comment.

Foreign policy is dictated by our national interest in promoting democracy, security & stability in Latin America, along with combating narco-terrorism. If you really believe any of trump's advisors urged him to send in Delta Force in order to collect a judgment on behalf of US oil companies, then I have a bridge to sell you in Pittsburgh.

Did you see RX792P's comment above that "Getting Venezuela's oil industry back in shape could cost $100B"? That seems high to me, but I have no doubt the cost will dwarf any outstanding amounts owed due to Chavez/Maduro expropriations.

Question - Would you be willing invest new money with someone who stole all of the money you put into your previous deals, without first getting made whole for the losses you suffered due to their past theft?

If so, I have a few more bridges in Pittsburgh to sell you!