Colin Eaton

speaker

52 appearances 2 recordings 1 series first heard May 2026 last heard 28 May

Colin Eaton’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in May 2026 with 2.

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WSJ What’s News · U.S. Says It Has ‘Makings of a Deal’ With Iran · 28 May 2026 podcast

So they're in negotiations, but there are all of these outstanding issues that need to be ironed out.

It's still not totally clear what the government take in some of these contracts will be in terms of royalties, in terms of taxes.

Companies like Exxon are also looking at the infrastructure in

Venezuela.

There's power shortages.

There are challenges with their roads.

And some of the equipment that Exxon had used previously have sustained heavy damage over the past 20 years or so.

Oil wells across Venezuela have fallen into disappear after years of mismanagement.

And they would have to spend a lot of capital up front in order to get things going again.

It has heavy crude that is preferred by U.S.

Gulf Coast refiners.

But also, these companies have been arguing for the past decade that oil and gas is going to continue to remain a big part of the global economy.

And this is a place where there's a lot of oil to be drawn for many years.

Thanks.

So it definitely padded their cash position.

Exxon, for example, the cash flow from its operations in places like West Texas and Guyana, that all added up to almost $14 billion.

That's higher than the company's quarterly average for the past year.

three years.

And higher oil and gas prices definitely will keep boosting their profits as long as the Strait of Hormuz is blocked.

And for a good while after it reopens, it's going to take months for oil markets to settle down.

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