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Reply to "How does taking the oil work?"
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[quote=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) [/quote]
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