No. of Recommendations: 5
From the background on the Iraqi oil industry post:
Western firms shied away from instability,So, what does big oil think of the Pirate Kind's op in Venezuela?
US oil giants mum after Trump says they’ll spend billions in Venezuela
Chevron, the only U.S. energy titan operating in Venezuela, said in a statement to Fox News Digital that it was following "relevant laws and regulations."
"Chevron remains focused on the safety and well-being of our employees, as well as the integrity of our assets," a Chevron spokesperson added.
ConocoPhillips wrote in a statement to Fox News Digital that it is monitoring the developments in Venezuela as well as the "potential implications for global energy supply and stability."
"It would be premature to speculate on any future business activities or investments," a spokesperson for ConocoPhillips added.
ExxonMobil, the largest U.S. oil company, did not immediately respond to a request for comment.foxbusiness.com - US oil giants mum after trump says theyll spend billions venezuelaBig oil seems to be obtaining all the heavy, sour, it needs from Canada. Canada is a peaceful, stable, place, where laws seem to matter. Why would they risk Billions in a Venezuelan hell hole?
Steve
