The Cato Weekly Podcast · Trading Democracy for Oil? The Venezuela-US Deal
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took a 35% equity stake in a Venezuelan oil company through the Pentagon
35% stake; 65 billion barrels of reserves; 17 oil fields; 55% ownership of those fields; 100-year term
“Purchase of the international assets of a big Russian oil company called Luke Oil… for a group of investors to come in and buy those billions of dollars in assets… the U.S. government would take a stake.”
“It's also been really important to me to have equity… I partner with Rich Kleiman and Kevin Durant in boardroom… I get a real like stake in that company.”
“Glasic you know i think they bought their stake for half of turning point essentially that it was originally i believe all debt which was converted into equity for 11 million dollars back in 2010”
“Companies that took four months to onboard Salesforce took about three days to onboard our OWL with WiseBird”
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