I have to say that I am not against these actions so far as I have seen.
What remains is just what happens next ?
I somehow see great opportunity for corruption.
VZ has the largest oil reserves in the world.
That should say enough by itself.
The big risk is putting together a new government that has support of the people or risk civil war.
The US has a terrible record for this.
I suspect this whole operation is a pet project for Rubio.
But we will see how this plays out. As I mentioned before, this is more about Oil and Cuba.
I just hope the focus of ‘the people’ stays strong.
Just some background on all the oil VZ has in reserves, untapped.
Yes it is thick heavy oil. Much like, but not as bad as the thick tar sands oil in CA.
The problem with that is that there are a limited amount of refineries that can refine it.
Not a problem in TX as shown by the pipeline built to get it from where it was in CA to refineries in TX and shipping the refined product to much of South America. That thick oil brings about 20% less than light sweet crude, so the margins are much higher to refine it. And perhaps that explains to some of you why the XL2 pipeline was so important to CA oil co’s.
So for big US oil, they can use existing ports that export, to import and refine this until the same kind of refineries can be built in VZ.
No doubt they will be owned by big US oil.
But they have to have a favorable government first.
At least 3 years to play out measurably. Stable ?
So, it does just depend on what kind of government gets to exist. You must pay attention to the events that follow.