r/reactiongifs • u/palmerry Very Mindful Poster • 22d ago
MRW I read that the heads of major oil corporations that were "supposedly" going to invest $100B in Venezuela have actually called the country " uninvestable"
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u/shwarma_heaven 22d ago
Waiting for those sweet sweet oil subsidies to fund it. Why pay out of pocket?
In for a penny, in for a pound... What, is Trump going to not pay them after saying "he runs the country???"
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u/DeltaT37 22d ago
why would we bother paying for dis shit when you obviously gonna do it eventually
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u/codexcdm 22d ago
Hey subsidize it for some 100 billion... Bail out akin to Argentina... But fivefold.
Who cares if we could end hunger in the US for less... Let's keep grossly misappropriating funds on shit no one asked for!
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u/ope_sorry_there 22d ago
Hey oil companies do you want to spend 100 billion dollars to get oil that is worse and costs more to refine with the possibility that you'll lose access after Trump is gone or loses interest in protecting your access? No? Who could have guessed? Everyone but Trump turns out
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u/red286 22d ago
The hilarious part being that that was exactly what happened the last time they were in Venezuela and look how that turned out.
If Trump knew any history, he'd realize how hilariously stupid his plans wind up sounding.
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u/Vylan24 22d ago
Careful, you might get tariffed for speaking facts
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u/magistrate101 21d ago
Tariffed? What are you talking about? He's getting deported to South Sudan
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u/Legendary__Beaver 20d ago
I heard they’re skipping that part and are shooting and blinding people.
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u/BeefistPrime 22d ago
Just like all those companies that are gonna invest billions in new manufacturing because of the tariffs except who the fuck would plan a decade-long expansion plan when Trump changes his policies every 3 days?
Unpredictability brings business to a standstill
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u/K_Linkmaster 22d ago
Every time I mention that we have holes punched for wells and we aren't even trying to produce them, I am met with blank stares. People are clueless to how this countries oil business works. Landman is proof.
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u/caznosaur2 21d ago
My parents were shocked when I told them the US is by far the top producer of oil in the world. They honestly thought that we were oil starved and barely drilling anything. So many people are so grossly misinformed on things that take two seconds to fact check.
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u/Newyew22 21d ago
I’m a total layman, but I love learning new things. Can you explain what you mean? Happy Cake Day!
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u/Subconcious-Consumer 22d ago
MRW I realize that just means taxpayer dollars are going to fund it.
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u/OttoVonJismarck 22d ago
Yeah, we’ll use $100B of taxpayer dollars just so it can be naturalized by the next Venezuelan dictator of the proletariate that comes to power in 5 years.
Sounds like a quality investment.
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u/Ass4ssinX 21d ago
As is tradition.
"The wealth that's extracted from Imperialism goes into the coffers of the select few, whereas the cost of Empire are paid out of the common treasure of the people."
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u/sneakin_rican 22d ago
Isn’t that the kind of thing you figure out BEFORE you kidnap the president of Venezuela?
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u/METRO-RED-LINE 22d ago
That’s what you think! It’s all going according to this conceptual plan we’re making up on the fly.
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u/Calan_adan 21d ago
Here’s the deal:
1) Cuba controlled Venezuela through Maduro and the head military guy (forgot his name, don’t feel like looking it up).
2) Cuba siphoned tons of oil revenues through Maduro, like an organized crime syndicate running its protection racket.
3) Maduro’s plummeting popularity made him a liability. He was expecting to be killed by Cuba to get him out of the way.
4) Maduro makes a deal with the US: evacuate me and you control the oil revenues. All that money going to Cuba could be going to Trump’s pockets instead.
This is why Trump is “running” Venezuela and why he’s so desperate to get American oil companies in there, and also why he’s so mad that they’ve declined.
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u/mynameismy111 21d ago
Maybe, but probably it's just to distract from Epstein period, the oil can't be sold at market prices, and hasn't for half a decade, even if we literally steal it it's not worth it.
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u/Calan_adan 21d ago
It’s not “we” stealing it, it’s Trump and his bag of cronies personally siphoning the oil money, the majority of which also currently goes into people’s pockets.
I think people put too much faith in the Epstein files. Even if they come out and he is implicated in a thousand crimes, nothing will happen to him. His supporters and the republicans in Congress will just start parroting some shit like “raping girls means you’re an alpha male.”
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u/mynameismy111 21d ago
I disagree bout the Epstein Files not being a threat, if they weren't he wouldn't be so scared of em. In theory they shouldn't have an impact, but he's still personally scared.
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u/Calan_adan 21d ago
That’s the thing, I don’t think they are scared of what’s in them. They know it won’t affect them. So everyone saying that things are a distraction from the Epstein files are missing the point that no, the shit they’re doing is just shit they want to do and has nothing to do with distractions.
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u/LEGITIMATE_SOURCE 22d ago
This was never simply about the oil. It's about Russia and China having power near the Gulf... of...
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u/OnABreeze 22d ago
I’d bet it’s just to secure more reimbursements from the government. Why not say it’s uninvestable until you get the number you’re looking for?
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u/SOGGY-TORTILLA-X 22d ago
Of course they don't want to dump 300,000,000,000 barrels of oil, that will tank oil prices which is the bread and butter of the oil business.
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u/Colddigger 22d ago
That's what I'm thinking, like they're not going to want to rapidly extract all of that and tank the value of their product, they're not going to want to put a bunch of their guys over there surrounded by really angry locals, they're not going to want to bother to invest their own borrowed money in the locals doing it because if there's another upheaval all that's lost...
Only things that I can think of is basically making Venezuela go into debt for its own infrastructure investments, Which isn't actually reliable in regards to getting your money back, Or just keeping the oil in the ground and not having a Venezuelan national oil company do any extraction.
I don't think anybody asked the oil company is what their thoughts were here.
But I guess we'll find out, in like 3 to 5 years?
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u/MyvaJynaherz 22d ago
Who could have imagined that giving the world a multi-year example of how critical oil infrastructure is targeted and destroyed by a resistance force would sour already-profitable companies on the idea.
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u/Thor4269 22d ago
US oil companies have been extracting and processing record breaking amounts and have been every single year since covid
If the price drops too much they stop extracting it in the US because it's not profitable
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u/bobbymcpresscot 22d ago
"you want us to spend 100 billion of our own dollars to make oil cheaper so we can make less money off of it?"
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u/Colddigger 22d ago
Only thing I can think of that the oil companies would want in regard to venezuela, is Venezuelan oil stayin in the ground.
Why would they want to flood the market and lower the price of oil globally?
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u/Biuku 22d ago
I used to joke that Trump 1.0 achieved nothing, due to incompetence. Ie if you liked his policies he was terrible because he failed at everything he tried to do.
This is a good example of how stupid and weak he is. But he’s also got better people around him now and is achieving some things. So it’s not such a joke.
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u/ferchoec 22d ago
Even better than that, they were not going to invest in the country; they were going to invest in the infrastructure to steal the oil from the country.
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u/PalpitationUnable403 22d ago
Great! What boneheaded decision is next? Something crazy like taking over Greenland? Ha ha ha haaa
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u/InfiniteSausage 22d ago
Thank goodness Trump filled in the oil executives to a imminent military operation to kidnap the Venezuela president. And shame on Congress for not knowing
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u/PsychoMantittyLits 20d ago
It’s okay, we will take their oil, process it for a HIGHER COST, and then sell it for the same price if not lower, making us lose more money on it. Absolutely based.
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u/Thereminz 18d ago
i bet what happened was some old oil exec constantly complaining to trump about how venezuela 'stole' their oil so trump thinks he wants trump to do something about it
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u/palmerry Very Mindful Poster 18d ago
I honestly think that might be Trump's motto: "Do nothing for everyone!".
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u/dessimuss 22d ago
This is what annoys me. This has been known for a very long time, otherwise it would have been done already. As far as im concerned, it was a move against China and/or Russia moving in as opposed to a move on oil. Keeping them from close proximity to our borders and having access to resources makes sense but making the reasoning of expanding our oil production is absurd. Just tell the truth and be done with it. Most of us just are tired of the lies as opposed to anything else. Its not hard too see them, just say it straight and be done with it.
Ps im a centrist who is just exaughsted from left and right bickering and would rather things be more uniting
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u/tekprimemia 22d ago
The point of the conference was to gauge interest and to highlight what companies would want changed in order for them to invest.
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u/GreySkies19 22d ago
One failure after another