Well, howdy there, Internet people it spell again.

So today, we're going to talk about Trump's Venezuela dreams collapsing.

Ever since Trump's military intervention in Venezuela, he's been making promises and statements about the oil in the resource-rich country.

He and his administration have said oil companies pledged $100 billion. He himself said, quote,

They are going to go in. They are going to rebuild the whole oil infrastructure. They are going to

spend at least $100 billion.

We pointed out that this was likely Trumpian fiction, due to the massive risks involved

with investing in a politically unstable country, and the fact that oil is already being

overproduced. He probably should have talked to them first. Trump met with

what was described as the top 14 oil companies. ExxonMobil CEO Darren Woods was probably the most

blunt and slapped the administration across the face with reality and said, quote, it's uninvestable.

There are a number of legal and commercial frameworks that would have to be established to

even understand what kind of returns we would get on the investment.

The only company that seems even mildly interested is Chevron, because they're already locked into

working down there due to pre-existing deals. With the big boys out, eyes turn to the wildcatters,

who are known to take more risks. Harold Hamm is a wild catter and a huge donor to Trump, so he was at the

top of the list to monitor. He's indicated that there needs to be more assurances first,

and that it would take time. Trump's meeting went so badly. At one point, he reportedly said,

if you don't want to go in, just let me know, because I've got 25 people that aren't here today

that are willing to take your place.

No, he doesn't.

That's a cute bluff, though.

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