Camila Domonoske
👤 SpeakerAppearances Over Time
Podcast Appearances
Oh.
Right?
That's a big difference.
Yeah, it doesn't pencil out as a profitable enterprise unless there's going to be some sort of significant subsidies or incentives that are offered, right?
And this is a sort of constant tension within the administration, between the administration and the oil industry.
That we know President Trump loves low oil prices.
The oil industry does not.
The oil industry would like to see higher oil prices than the president.
And to do the kind of drilling, the drill baby drill the president wants to see in the U.S.
and certainly in Venezuela, companies want a higher price to motivate that.
Yeah.
I mean, in 18 months, you could increase production some, right?
You can find the easy fixes.
But a full restoration of Venezuelan production back to its heyday, I'm hearing that's more like a decade and many, many billions of dollars.