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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Steve203 🐝 HONORARY
SHREWD
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Number: of 343 
Subject: Re: USian "JCs" never take risk...
Date: 01/10/26 2:04 AM
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In true USian "JC" fashion, oil company honchos want MORE from we taxpayers.

'Uninvestable': Big Oil skeptical of Trump's Venezuela push without big changes

But (Exxon CEO) Woods said existing legal and commercial challenges make the country's oil "uninvestable" unless changes are made for legal, financial and security guarantees. "There has to be durable investment protections and there has to be a change to the hydrocarbon laws in the country."

If the Trump administration is able to address those needs, ExxonMobil can "hit the ground" quickly, Woods said.

Ryan Lance, chairman and CEO of ConocoPhillips, said talks need to take place with banks to restructure debt for oil companies that invest billions into energy infrastructure. He singled out the EXIM Bank, the official export creditor of the federal government.

"If we can do that, and think bold, there's an opportunity to be quick, fast and restore quality of what's been lost in Venezuela over the course of the last 25 years."


currently.att.yahoo.com - Uninvestable big oil skeptical trumps

Bend over, taxpayers.

Steve

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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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