Gregory Brew
speaker
418 appearances
1 recordings
1 series
first heard Jan 2026
last heard 7 Jan
Gregory Brew’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
The price coming up would also have to happen.
Yeah.
Right.
The current market condition just doesn't justify spending billions of dollars developing fields when the price is at sixty dollars barrel, it's likely to fall even more in the first half of this year.
Exactly.
And yeah, compared to, I mean, again, we bring it up a couple of times, but Guyana next door has been a tremendously profitable place for Exxon to operate.
The US onshore is still very attractive.
It's safe.
You're not going to have uh Delta Force coming in and pulling off covert operations in the Permian or you know in North Dakota.
You know, no one's gonna have to worry about that.
So if you've got capital and you want to find somewhere to invest,
There are no more than a little bit.
Better places to do so than in Venezuela.
Add to all that, you know, the infrastructural problems, the technical problems, the heavy sour being it needs to go through upgraders, it needs to be passed through diluents, it needs to be uh treated in a certain way for it even to be viable, right?
There's a lot of money and a lot of time and a lot of effort that would have to go in on top of all the geopolitical risks and the uncertainty and the market conditions.
Well, I think you know, upshot is we're probably not gonna hear any more from Venezuela about threatening Guyana, given the tenuous position of the Del C Rodriguez government.
If it lasts, I think they're going to want to make friends rather than enemies.
Even though there was some pretty boisterous rhetoric initially, now the attitude seems to be much more we wanna work with the US, we want sanctions relief, we wanna lift the blockade.
Pulling back from threatening Guyana is going to be a part of that.
The historical claim, you know, South America territorial disputes are actually pretty wide-ranging.
Showing 201–220 of 418 · page 11 of 21
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