In the past for every $100 of oil extracted by U.S. companies in Venezuela, they would take $99 and leave only $1 behind for our industry.

 https://x.com/GotPropaganda/status/2001449823564714080

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In the past for every $100 of oil extracted by U.S. companies in Venezuela, they would take $99 and leave only $1 behind for our industry. During the Hugo Chávez presidency, a "new deal" or nationalization policy was implemented in the oil industry, mandating that the state oil company, Petróleos de Venezuela SA (PDVSA), hold a minimum of 60% ownership in all joint ventures, while foreign companies became minority partners (up to 40%).  This policy was formalized in early 2007, which required existing foreign-controlled oil projects, particularly those in the Orinoco Oil Belt, to convert to these new terms.  The U.S. government hates sovereign countries.

11:29 AM · Dec 18, 2025

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https://x.com/GotPropaganda/status/2001449823564714080