US strikes Venezuela / Captures Maduro

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The big Oil boys are smart about a lot of stuff
I really wonder what they think about drilling oil in a foreign land under protection from the Us Army-with orangeturd being gone in a couple years ?
 
Ramrouser said:
Then why is the market up 650+ this am?
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Very good question

In a rational world this would be the economic/stock market story...

(Bloomberg) -- US manufacturing activity shrank in December by the most since 2024, capping a rough year for American factories.

The Institute for Supply Management’s manufacturing index edged down to 47.9 from 48.2, according to data released Monday. The measure has been below 50, which indicates contraction, for 10 straight months.
 
Ramrouser said:
Then why is the market up 650+ this am?
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Because oil equipment manufacturers like Halliburton and Schlumberger will sell lots of oil field equipment to improve the infrastructure (financed by US taxpayers….get out your checkbook). The markets are responding to the $200 Billion gift we are about to give those companies. Check the oil companies price performance today vs the oil field equipment guys and you’ll see there ain’t a lot of excitement among investors for the actual oil.
 
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rodoheel said:
"We" (the United States) didn't have any contract with Venezuela; if anyone did, the oil companies themselves did.
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Perhaps you missed these three references to oil companies or companies in the very first three sentences of the post that you yourself quoted. I've bolded them below to make it even more clear for you.

I think the argument is that we had a contract saying our oil companies will pay you $X for your oil and also build infrastructure like wells and pipelines. The companies make this deal with one administration, often but not always with kickbacks and bribes. A new administration comes in and voids the deal taking the equipment that our companies paid for and tell them to pound sand.
 
rodoheel said:
50 years ago.

What's next - are we going to send in the Seals to kidnap Putin until he agrees to pay us back for the money we spent pursuant to the Russian Famine Relief Act in 1919?
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you might be surprised, although I doubt it, how far people want to go back in time to get payback for current generations from past wrongs but its not a popular narrative here
 
farce© said:
Because oil equipment manufacturers like Halliburton and Schlumberger will sell lots of oil field equipment to improve the infrastructure (financed by US taxpayers….get out your checkbook). The markets are responding to the $200 Billion gift we are about to give those companies. Check the oil companies price performance today vs the oil field equipment guys and you’ll see their ain’t a lot of excitement among investors for the actual oil.
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I've been day drinking since 7am and know next to nothing about oil markets so this may be a dumb question.

Heretofore , for years the Saudis have manipulated the price of oil. Could we not do the same down the road ?
 
gtyellowjacket said:
Perhaps you missed these three references to oil companies or companies in the very first three sentences of the post that you yourself quoted. I've bolded them below to make it even more clear for you.

I think the argument is that we had a contract saying our oil companies will pay you $X for your oil and also build infrastructure like wells and pipelines. The companies make this deal with one administration, often but not always with kickbacks and bribes. A new administration comes in and voids the deal taking the equipment that our companies paid for and tell them to pound sand.
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Yes I saw those references. I also read the exact words of your post that said "we had a contract saying our oil companies will pay you $X" which implies some sort of collective interest/ownership of the US in these contracts and the assets. When in fact there is none, and never was any.
 
Batt Boy said:
you might be surprised, although I doubt it, how far people want to go back in time to get payback for current generations from past wrongs but its not a popular narrative here
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I understand the allusion to reparations, and have mixed feelings on the idea myself, but I think there's a difference between a government potentially owing/paying compensation for wrongs committed on its own citizens and a government trying to resurrect, and insert itself into, contract disputes implicating foreign policy from decades prior.
 
mpaer said:
The big Oil boys are smart about a lot of stuff
I really wonder what they think about drilling oil in a foreign land under protection from the Us Army-with orangeturd being gone in a couple years ?
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Agreed. The next President could show up in 3 years and pardon Maduro claiming he was treated “very unfairly.”
 
rodoheel said:
Yes I saw those references. I also read the exact words of your post that said "we had a contract saying our oil companies will pay you $X" which implies some sort of collective interest/ownership of the US in these contracts and the assets. When in fact there is none, and never was any.
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Touche. I can see how it could be interpreted that way and I worded it very badly. I should clarify that I meant that our oil companies had contracts...
 
Batt Boy said:
you might be surprised, although I doubt it, how far people want to go back in time to get payback for current generations from past wrongs but its not a popular narrative here
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It helps when the people actually know about the thing they are supposedly getting payback for.

The south still wants pay back for the Civil War and that's what much of MAGA is about. But I seriously doubt there is any appetite for payback for oil companies losing money.
 
gtyellowjacket said:
Perhaps you missed these three references to oil companies or companies in the very first three sentences of the post that you yourself quoted. I've bolded them below to make it even more clear for you.

I think the argument is that we had a contract saying our oil companies will pay you $X for your oil and also build infrastructure like wells and pipelines. The companies make this deal with one administration, often but not always with kickbacks and bribes. A new administration comes in and voids the deal taking the equipment that our companies paid for and tell them to pound sand.
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This is a part of doing business in developing countries. They have risk management teams for a reason.
 
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