How does taking the oil work?

[Anonymous]

Trump is known for saying, take the oil take the oil, for a long time.
Practically how does it work?

[Anonymous]

I don’t know, but what’s the point? Gas is cheap right now. Is this worth the squeeze?

[Anonymous]

Meh.

Chavez took power and then he “took” everything. It’s called nationalization. Chavez
nationalized all sorts of things, including the lawful possessions of multinational petroleum companies.

Trump is simply de-nationalizing things.

[Anonymous]

Anonymous wrote:Meh.

Chavez took power and then he “took” everything. It’s called nationalization. Chavez
nationalized all sorts of things, including the lawful possessions of multinational petroleum companies.

Trump is simply de-nationalizing things.

In a country that isn’t his, he’s simply committing crimes.

It’s going to be ironic after Trump and his handlers destroy the country and people around the world start nationalizing our overseas assets. There are going to be so many tears.

[Anonymous]

Anonymous wrote:Meh.

Chavez took power and then he “took” everything. It’s called nationalization. Chavez
nationalized all sorts of things, including the lawful possessions of multinational petroleum companies.

Trump is simply de-nationalizing things.

Trump started saying “take the oil” in Iraq.

[Anonymous]

Through business deals.

We will not do it like Maduro did, as a pp suggested. We aren't taking notes off a crackpot third world dictator. We have a playback for this and will continue to follow it. Read about how we created Saudi Arabia; it is an early example and more expansive than what we do now, but the basic answer is through business deals.

[Anonymous]

Anonymous wrote:I don’t know, but what’s the point? Gas is cheap right now. Is this worth the squeeze?

The point is it simply shows you the motivations of the administration is taking the oil.
But how do you take the oil?
Give US companies free contracts and they contribute to your political party ?

[Anonymous]

If any energy company participates, they should be held criminally liable.

[Anonymous]

Anonymous wrote:Through business deals.

We will not do it like Maduro did, as a pp suggested. We aren't taking notes off a crackpot third world dictator. We have a playback for this and will continue to follow it. Read about how we created Saudi Arabia; it is an early example and more expansive than what we do now, but the basic answer is through business deals.

So sweetheart deals between Big Oil and Trump.
Invest in my crypto business and you get drilling rights.

[Anonymous]

There are many methods to this.

- use offers low interest lines of credit with favorable terms to us oil majors for the express use of investing in vz oil infra to get it back up to speed…will take a decade and suppposedlu 60-100 billion to get vz back to full potential production. Currently I don’t think the appetite for private financing for this exists given oil prices, future consumption models, and interest rate environment.

- use us military/pay pmc’s to secure oil infra and protect us oil major workers when they are down there

Off the wall idea -

USG starts a government run oil company that takes over vz oil resources. It becomes the American “public option” of oil. Think of it as the spr but expanded as if the spr became a fully integrated e&p

(Exxon, chevron etc would hate the latter)

[Anonymous]

In 1976, President Carlos Andrés Pérez began to nationalize Venezuela's oil industry. This process was completed in 2007, President Hugo Chávez ordered the seizure of oil fields and other assets that belonged to U.S. oil companies including ExxonMobil, Chevron and ConocoPhillips without providing compensation. Additionally they took assists from Norway's Statoil and France's Total.

I’m not holding my breadth the non- us oil companies get back anything.

And hmmmm. Let’s see who donated to Trump’s inauguration?

Yup. Chevron, Exxon and ConocoPhillips donated.

[Anonymous]

Anonymous wrote:Meh.

Chavez took power and then he “took” everything. It’s called nationalization. Chavez
nationalized all sorts of things, including the lawful possessions of multinational petroleum companies.

Trump is simply de-nationalizing things.

Meanwhile in the US he is having the US govenrment take a financial interest in previously private companies, i.e., nationalizing.

[Anonymous]

Anonymous wrote:Meh.

Chavez took power and then he “took” everything. It’s called nationalization. Chavez
nationalized all sorts of things, including the lawful possessions of multinational petroleum companies.

Trump is simply de-nationalizing things.

How's he doing that, considering he only kidnapped Maduro while leaving the rest of the Chavista power structure in place?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Through business deals.

We will not do it like Maduro did, as a pp suggested. We aren't taking notes off a crackpot third world dictator. We have a playback for this and will continue to follow it. Read about how we created Saudi Arabia; it is an early example and more expansive than what we do now, but the basic answer is through business deals.

So sweetheart deals between Big Oil and Trump.
Invest in my crypto business and you get drilling rights.

No. It'll be Chevron, Conoco, and ExxonMobil.

This is not investment advice.

[Anonymous]

Anonymous wrote:Meh.

Chavez took power and then he “took” everything. It’s called nationalization. Chavez
nationalized all sorts of things, including the lawful possessions of multinational petroleum companies.

Trump is simply de-nationalizing things.

What you have stated is against the law and total bullsh#t.

UN Resolution 1803 (1962): Explicitly recognizes the right of nations to permanent sovereignty over their natural wealth.
Sovereign Right: International law considers the power to nationalize an inherent attribute of a state's sovereignty.

Venezuela did everything legal. ICSID (International Centre for Settlement of Investment Disputes): Exxon initiated arbitration here after Venezuela nationalized its Orinoco Belt assets, with ICSID tribunals awarding Exxon significant compensation, including a $1.6 billion award in 2014.
ICC (International Chamber of Commerce): Another arbitration through the ICC also resulted in rulings, with an initial award of $255 million in favor of Exxon in 2012, a portion of what they sought.