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Vogon_Glory

(10,203 posts)

2. Exxon Mobil's making a sensible call

Mon Jan 12, 2026, 06:06 AM

Monday

They saw that there were too many negatives for taking over old infrastructure or drilling and building new. Venezuela’s laws are also a big muddle and are likely to remain that way for some time: why should Exxon Mobil go in someplace, drop hundreds of millions (or more) on Venezuelan properties only to have it nationalized when Orange Julius is gone?

Orange Julius’ Venezuelan operation looks like it was thought up by some idiot(s) who don’t know anything about the oil business.

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Luvcatz14 Ray Bruns Joe_michigan oasis NJCher Talitha tonekat txwhitedove GrapesOfWrath

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Highlight:

Trump 'inclined' to keep Exxon out of Venezuela after CEO calls it 'uninvestable' [View all] BumRushDaShow Monday OP

Until he goes after Exxon's short term profits, they won't care Raven123 Monday #1

Exxon Mobil's making a sensible call Vogon_Glory Monday #2

In my opinion, they see trump lining up with the regime responsible for destroying Venezuela. Escurumbele Monday #17

Yeah, right. He'll take investments wherever he can get them. Even Exxon. MLWR Monday #3

"Watch what happens when you don't kiss my ass." KS Toronado Monday #4

Exxon has more money than Trump lonely bird Monday #5

Let me guess which presidential candidate the Exxon CEO Dr. T Monday #6

Remember this? BumRushDaShow Monday #10

They don't want it. So he's threatening to block them from something they don't want IronLionZion Monday #7

That's what I was thinking. "You want to invest in this company!" Ray Bruns Monday #8

But then there will be the "rest of the story..." BumRushDaShow Monday #15

Ahhhh! Some good old fashioned extortion. Ray Bruns Monday #25

"Transactional" as is often mentioned BumRushDaShow Monday #27

"Oh please don't throw us into that briar patch!" 🤭 tanyev Monday #13

This message was self-deleted by its author Old Crank Monday #9

I never thought in a million years... LisaM Monday #11

Break even for new wells in Texas $62 Old Crank Monday #12

You can lead an oil company to oil but you can't make them drill. twodogsbarking Monday #14

Trump is a lame-duck president. All his policies could be reversed with a Democratic president elected in 2028. Lonestarblue Monday #16

The other oil companies probably feel likewise. JohnnyRingo Monday #18

"But they're playing it out just in case sane people intercede and make it a moot issue." BumRushDaShow Monday #19

Sir, redirect your thoughts to the disaster that is this country! Hope22 Monday #20

I remember reading once a while back that the oil companies had agreed that the per barrel price... littlemissmartypants Monday #21

The Dallas Federal Reserve does an annual survey to the oil producers asking about what their "breakeven" price is BumRushDaShow Monday #28

So... littlemissmartypants Monday #32

The next report won't happen until this March BumRushDaShow Monday #35

It will be interesting to see that March report. ❤️ littlemissmartypants Monday #40

Venezuelan oil needs a very certain type of refinery and Exxon doesn't have those refineries.... Botany Monday #22

Orange Julius buddy does though, 3 of em Strelnikov_ Monday #38

You mean the refineries on the Gulf Coast that are already set up for Venezuelan oil? Botany Monday #41

Per Paul Krugman a week or so ago Strelnikov_ Monday #42

The Republican/Rich shits along with various corps, thugs, crypto scammers, and ? have taken corruption to ... Botany Monday #43

Much bigger than Teapot Dome Strelnikov_ Monday #44

He is trying to get them to pay him some way JI7 Monday #23

Is this the nwduke Monday #24

Exactly! oasis Monday #26

I need a tee shirt that reads ..... 70sEraVet Monday #29

Great protest sign, 70sEraVet. There are shops on Etsy that can do that shirt for you. ❤️ littlemissmartypants Monday #33

I'm near Houston and this is what I'm hearing - TBF Monday #30

The numbers I just looked at, that BRDS shared, support that notion. littlemissmartypants Monday #34

Oil is already barely at break even prices NickB79 Monday #39

trump's feelings were hurt LetMyPeopleVote Monday #31

Rex Tillerson looked at trump in the first term tonekat Monday #36

I couldn't remember his name BumRushDaShow Monday #37