MICHAEL WALSH NEWS Back gold has seemingly turned into fool’s gold, the jester being US President Donald Trump.

Maybe Trump should have done a little research and asked a few questions first? The capital investment required is substantial at $ 100 billion. Additionally, it may take up to 15 years to make a profit.

These are the biggest factors deterring oil majors like Exxon, ConocoPhillips, and Chevron from returning to the Venezuelan market. International oil economist Dr. Mamdouh G. Salameh states this.

‘US oil majors will have to wait a very long time before benefiting from Venezuela’s oil largesse.

The oil corporations feel wary and uncomfortable to be complicit in this form of daylight thievery. There are also legal implications for them. This is what the expert told Russian media.

In fact, the companies would probably be happy enough to deal with the existing sovereign government. They could operate openly in the country, free of Washington’s threats of regime change.

The White House is trying to ban third parties from engaging with Venezuelan oil revenues. This amounts to full control over Venezuela’s oil. This represents a total imposition. It is also a daylight robbery, Salameh stressed.

QUOTE: ‘The enemy is always pursuing a course of larceny, murder, rapine and barbarism. We are always moving forward with high mission, a destiny imposed by the Deity to regenerate our victims while incidentally capturing their markets, to civilize savage and senile and paranoid peoples while blundering accidentally into their oil wells.’ ~ John Flynn, 1944.

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