Just in case there was any doubt about what this war was about.
I’ll note that Chevron’s refineries in California have exactly the right equipment to process Venezuelan crude (it’s heavy) and have been under threat of shutting down due to depletion of oil fields in California.
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We have less than 50 years of proven oil reserves left, and we’re doing everything we can to ensure that we run out at least that fast, while also ensuring that we pass critical climate tipping points.
Shareholders need value now, not in 50 years.