Atrioc

It's funny also though.

So it's like, there's this expression from him that the quote isn't simply like, oh, we're not going because you didn't open the door for us.

It's like, provided the right steps are taken, we will.

invest money in Venezuela or we will set up some sort of operation there.

But Trump still didn't like that response.

And the next day, even that slight nod in the direction of it's not investable right now, Trump was like, didn't like what the Exxon guy had to say.

Even though he totally acknowledged that they would take that step forward in the future.

It's just a fucking wild thing to say.

Okay, so there was a bit of the history around the nationalization of oil that I wanted to touch on here.

because there's a bunch of steps here in history.

Forgive me, I can't say it in the way that they call it locally, but the PDVSA is like the National Oil Company in Venezuela, right?

And this came to be, I think, in the mid-70s after... Give it a shot.

There it is.

No, I wasn't thinking of this.

I think it's Pedia Vesa or something like that.

And leave a comment on how good his pronunciation was.

But this is like the national oil company in Venezuela that was created in, I believe, the 70s to...

overtake the ownership or operations from the American companies that had originally been there to build up the oil industry starting back in the 20s in Venezuela.

But when they nationalized initially, they still kept all of the American companies involved in pretty significant capacities.

It ebbed and flowed over time, and as we got further into the 20th century, they increased the American company's involvement, and also, as a result, over that time period, output