Amid the ongoing humanitarian crisis in Venezuela, there is new potential for the country’s massive reserves of oil to end up in Chinese and Russian hands. It is unlikely that the U.S. will allow this to occur, even if it means getting into yet another proxy conflict with those countries.
The move comes as Exxon CEO Rex Tillerson has emerged as President-elect Donald Trump’s likely nominee for Secretary of State.
ExxonMobil will return to its Arctic partnership with Russian state-owned oil company Rosneft once the US government lifts sanctions against Moscow, a top executive said earlier this year. According to a Reuters report from April, Glenn Waller – who heads up