Trump admin launches new bid to attract U.S. oil companies to Venezuela — but finding few takers

CBC: …Venezuela will have to provide a higher level of guarantees and policy certainty to foreign investors compared to other countries to compensate for several decades of not respecting property rights and contracts, said Luisa Palacios, an adjunct senior research scholar at Columbia University’s Center on Global Energy Policy.

In past decades, foreign companies have had their assets seized. In the case of ExxonMobil, it happened twice…