Yesterday 2:34 pm
MR-7 » Today, 1:10 pm » wrote: ↑ What's also true, however, is that U.S. oil companies had contractual agreements with Venezuela to extract, process and transport its oil, as well as to share in the revenue from oil sales.
Mr. Trump's claims of theft reflect actions by then-Venezuela leader Hugo Chávez to nationalize the nation's energy sector in 2007 and to confiscate the production assets of Exxon Mobil and ConocoPhillips after they left the country, Gross said.
Those seizures have led to years of lawsuits and efforts by the companies to recoup their losses. While a World Bank arbitration panel has ruled in favor of the oil companies, the money has yet to be recovered.
"It is beyond question that there are a number of U.S. companies and others out there who have claims against Venezuela that have been trying to get those claims satisfied for many years," Ted Posner, a partner at law firm Baker Botts and a former assistant general counsel for international affairs at the U.S. Department of the Treasury, told CBS News.
Trump says Venezuela stole American oil. Here's what really happened. - CBS News
The **** were laughing while stealing our oil jerra. Now, I must ask...who's laughing now?
they left the country.