With Chavez Gone, Will Oil Companies Warm to Venezuela Again?

With the passing of Hugo Chavez, some of the superpowers of oil are looking to court the Venezuelan government for a larger footprint in some of the nation's oil plays. Chevron (NYSE: CVX  ) has jumped out in the lead by starting talks already, and several others are lining up as well. In the following video, Fool contributor Tyler Crowe speaks with Aimee Duffy to explain why the Venezuelan government may be more open to the idea of larger investments from outside sources and who might want a piece of the Venezuelan pie.  

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  • Report this Comment On March 17, 2013, at 10:58 AM, UrGo2Guy wrote:

    The communists want us to think there is hope on the horizon for the Great Society continuing to get foreign oil.

    The only hope for American oil companies is to rid ourselves of Mr. Obama and drill our own oil right here at home. We have more oil here than the rest of the world has.

    We better wake up to the fact that our homeland needs defending because the rest of the world is starving for oil and our rich reserves are a target for takeover. Mr. Obama has to go. We can't have a president at the helm that will open the door to our enemies and arm them as he has done across the Middle East.

    Careful if you think this way however. I think I hear an Nobel Peace Prize winning Obamadrone approaching.

  • Report this Comment On March 17, 2013, at 1:05 PM, PonderingSurf wrote:

    Actually, that might be the master plan. Buy up the reserves from foreign nations, they empty out and we wind up the richest and the new Dubai around 2020 when the world has no more oil left. We would be the left with our own untouched oil to sell and use. Not a bad plan if so, but certainly not worthy of a Nobel Peace Prize.

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