Post

ExxonMobil CEO: "If we look at the legal and commercial constructs—frameworks—in place today in Venezuela, today it’s uninvestable." corporate.exxonmobil.com/news/news-re...

reading between the lines, what they're pretty clearly asking for is a profit guarantee from the US taxpayer (at like 40 bucks a barrel) and I'd bet they get it too

I mean this is kind of reasonable if they are basically being asked to be USG contractor. And I would say that the right policy for O and G is to have a floor and ceiling system that's run via a government purchase and sale program aka what Biden did.

oh sure that's exactly what I would ask for too, in their shoes, and I agree with the price stabilization thing, it's just an insane source of product. and I doubt that Trump is going to do what Biden did

It's also directly against their interest in many ways since the industry does not need more supply on the market or to spend more.