Kenny Malone
๐ค SpeakerAppearances Over Time
Podcast Appearances
And two of them, Exxon and Conoco, they were like, deuces, adios, no mas.
As Chavez's power grew and then Nicolas Maduro took over in 2013,
's relationship with Venezuela soured.
sanctioned Venezuelan oil.
The Venezuelan economy tanked.
It was plagued by hyperinflation.
And still, Chevron has managed to negotiate these delicate deals with both Venezuela and the U.S.
government to stay in Venezuela and keep exporting its oil.
Chevron has continued its work in Venezuela.
It employs around 3,000 Venezuelans and produces about a quarter of all of Venezuela's oil, around several hundred thousand barrels of oil a day, all of which comes to the United States.
Yeah, perhaps not the celebratory reaction Trump was looking for.
And, you know, from Exxon and Conoco's perspective, they say they are still owed billions of dollars that Venezuela took from them two decades ago.
Also worth mentioning, about 8 million Venezuelans have left the country since 2014.
Some of those were people that had knowledge of the oil industry.
You might miss them if you're trying to get that industry up and running again.
In fact, this is why Terry told us she does not like the term resource curse with regards to oil.
Human beings in political offices, in C-suites.
The blessing or the curse is in their hands.