Skip to comments.Isn't it about time Chevron pulled the pin on Maduro's Venezuela?
Posted on 11/09/2018 12:46:53 PM PST by detective
Big Oil has always had a reputation for propping up crappy little banana republics and tinpot regimes, and well, Chevron is squarely on the hot seat for that one these days.
See, it's literally the only thing left that's keeping Venezuela afloat, through its large investments in that country. If Chevron pulls out, the Maduro regime collapses. Now there's some question as to whether it ought to be following all the other oil majors and pulling out.
(Excerpt) Read more at americanthinker.com ...
Pull the plug they mean.
If Chevron pulls out, Maduro gets the meathook.
The hook, they mean...or do they?
The article is a bit hyperbolic. I imagine Chevron has no love for Maduro, and it simply is trying to hang on to its 100-year presence and investment until, something / anything changes in the future.
If they go, they will lose everything, and probably their remaining assets will simply be divided between the Venezuelan Government, and the Chinese, who are the real ones keeping the Maduro regime afloat.
Chevron has been in Venezuela for close to 100 years, long before the socialist takeover of Hugo Chavez.
Could it be that Chevron is expecting to be there for the people once the current regime does collapse? Where else will the people of Venezuela turn to when the time comes to begin rebuilding their nation? Chevron will have been there as the caretaker of their most valuable resource, waiting for their return to normalcy.
Not claiming I know anything about it other than smatterings here and there (though I *do* trade oil & oil stocks a lot) but in terms of running an oil company, these guys think in ten year and twenty year timeframes. It’s just longer than we normal and semi-normal humans can really think about.
hese guys think in ten year and twenty year timeframes. Its just longer than we normal and semi-normal humans can really think about.
Which in today’s kids is just a second or two longer than a mayfly ...
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