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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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Halls of Shrewd'm / US Policy
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Author: Steve203 🐝 HONORARY
SHREWD
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Number: of 84351 
Subject: USian "JCs" never take risk...
Date: 01/09/26 10:12 PM
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...they fob risk off on the taxpayers.

Trump says oil companies will spend $100 billion in Venezuela with U.S. protection

Exxon CEO Darren Woods, ConocoPhillips CEO Ryan Lance and Chevron Vice Chairman Mark Nelson attended. Executives from Halliburton, Valero and Marathon were also present among others.

Trump said oil companies will spend at least $100 billion to rebuild Venezuela’s energy sector. The U.S. will provide security and protection so “they get their money back and make a very nice return,” he said.


cnbc.com - Trump venezuela oil executives white house meeting

Facilities protection, probably by Mercs (so a crony can make a profit), or it could be guarantees for invested capital, at taxpayer expense, and guaranteed profits, at taxpayer expense. Just about what I figured.

Steve...long COP, CVX, XOM
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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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