- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
The CEOs heaped praise on the presidentās actions in Venezuela but made no firm commitments to put money into restoring the countryās oil production.
The lack of firm pledges from the heads of the companies such as Exxon Mobil, Chevron and ConocoPhillips that Trump summoned to the White House raised doubts about the presidentās claim that U.S. oil producers were ready to spend $100 billion or more to rebuild Venezuelaās crude oil infrastructure.
The country boasts the worldās largest oil reserves, but its production has cratered since the regime pushed most of those companies out decades ago.
Exxon CEO Darren Woods offered the starkest assessment, telling Trump in the live-streamed meeting in the East Room that Venezuela is āuninvestableā under current conditions. He said major changes were needed before his company would return to the country, and that big questions remain about what return Exxon could expect from any investments.
Donald is a fucking idiot.
Bro was like hey oil tycoons check out what I just did



