U.S. and Oil Giants Eye Venezuela's Oil Revival Amid Uncertainty
TL;DR
Despite President Trump's optimistic prediction that US oil companies will invest billions to restore Venezuelan oil infrastructure quickly, industry experts are skeptical due to the lack of government guarantees and the country's uncertain future, suggesting a much longer timeline and cautious approach by firms like ExxonMobil, ConocoPhillips, and Chevron.
- Trump says US companies will invest billions in Venezuelan oil production. Experts aren’t so sure The Guardian
- How Venezuela’s Oil Could Shake Up the World Supply The New York Times
- 5 things need to happen for Big Oil to return to Venezuela CNN
- Trump says the U.S. may reimburse oil companies for rebuilding Venezuela's infrastructure NBC News
- The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff CNBC
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Read on The Guardian