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• maverickstreet (53)in LeoFinance • 5 days ago

  RE: LeoThread 2026-01-07 02-23

  U.S. oil firms like ExxonMobil and ConocoPhillips left Venezuela in 2007 after Hugo Chavez nationalized the oil sector International arbitration awards granted the companies…

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• maverickstreet (53)in LeoFinance • 5 days ago

  RE: LeoThread 2026-01-07 02-23

  Socialists seized an industry that was producing about 3 million bpd, and subsequent mismanagement caused output to fall to roughly 1 million bpd

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• maverickstreet (53)in LeoFinance • 5 days ago

  RE: LeoThread 2026-01-07 02-23

  Those firms developed the technology to make heavy, low-quality oil viable and spent billions building Venezuela’s oil infrastructure, while the state earned significant revenue…

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