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Strelnikov_

(8,114 posts)

42. Per Paul Krugman a week or so ago

Mon Jan 12, 2026, 06:14 PM

16 hrs ago

Had been wondering about those refinery’s.

Which is not to say that nobody has profited from the abduction of Maduro. A few months ago Trumpist billionaire Paul Singer bought Citgo, the former U.S.-based arm of Venezuela’s state-run oil company. Citgo owns three Gulf Coast refineries custom-built to process Venezuelan crude, refineries that have suffered from the U.S. embargo on imports of that crude. If Trump lifts that embargo, Singer will receive a huge windfall. But this windfall will have nothing to do with reviving Venezuelan production.

Singer has made huge political donations to Trump, raising questions about how much he has influenced policy. His purchase of Citgo was also remarkably well-timed. What did he know?

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

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

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

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

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

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

Exxon has more money than Trump lonely bird Yesterday #5

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

Remember this? BumRushDaShow Yesterday #10

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

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

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

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

"Transactional" as is often mentioned BumRushDaShow Yesterday #27

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

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

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

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

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

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

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

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

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

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

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

So... littlemissmartypants 23 hrs ago #32

The next report won't happen until this March BumRushDaShow 21 hrs ago #35

It will be interesting to see that March report. ❤️ littlemissmartypants 18 hrs ago #40

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

Orange Julius buddy does though, 3 of em Strelnikov_ 19 hrs ago #38

You mean the refineries on the Gulf Coast that are already set up for Venezuelan oil? Botany 18 hrs ago #41

Per Paul Krugman a week or so ago Strelnikov_ 16 hrs ago #42

The Republican/Rich shits along with various corps, thugs, crypto scammers, and ? have taken corruption to ... Botany 15 hrs ago #43

Much bigger than Teapot Dome Strelnikov_ 15 hrs ago #44

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

Is this the nwduke Yesterday #24

Exactly! oasis Yesterday #26

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

Great protest sign, 70sEraVet. There are shops on Etsy that can do that shirt for you. ❤️ littlemissmartypants 23 hrs ago #33

I'm near Houston and this is what I'm hearing - TBF 23 hrs ago #30

The numbers I just looked at, that BRDS shared, support that notion. littlemissmartypants 23 hrs ago #34

Oil is already barely at break even prices NickB79 19 hrs ago #39

trump's feelings were hurt LetMyPeopleVote 23 hrs ago #31

Rex Tillerson looked at trump in the first term tonekat 20 hrs ago #36

I couldn't remember his name BumRushDaShow 19 hrs ago #37