Again, as a Colombian its hilarious reading about a subject I personally know about and see the insane level of ignorant misinformation that gets shared on the false assumption it has anything to do with Trump.
Petro is a strange, erratic man and a terrible president. Last night he randomly decided to show on national television a six hour long council with his ministers that was such an insane shit show that it was getting clowned on social media as the equivalent to reality TV, filled with personal attacks, his rambling monologues, tears and a mini rebellion because this supposed hyper progressive president decided to name as chief minister a well known corrupt, women beater.
After the six hours nothing of substance had happened so he just gave some random orders, including this one, because he's aggressively anti oil despite 40% of Colombia's state budget coming from oil and the country being amidst its worst fiscal crisis in decades in no small part because of Petro. He just says random shit constantly and rules on a whim, it has zero to do with Trump.
Meanwhile I expect Ecopetrol's stock to somehow tank even more today but hey, it could be a nice buy opportunity, since this guy is deeply unpopular and will 99% be getting sacked in 2026 for someone else that 100% turn back on all of this.
> its hilarious reading about a subject I personally know about and see the insane level of ignorant misinformation that gets shared on the false assumption it has anything to do with Trump.
It's just Reddit for you, most posters here have very very little subject matter expertise on almost any of the things they're discussing - Economics, geopolitics, international trade relations, etc.
What they do know is how they feel about Trump, and they want to participate in the conversation, so everything is just interpreted through a lens of if it's Pro/con trump. They know they probably can't make an intelligent statement on the political climate in Colombia, but they sure do know if they like Trump or not so that's what ya get.
ECB Cuts rates? Good job standing up to Trump. Google fights an antitrust case? They're really sucking up to Trump. The King of Bhutan makes a border deal with China? Yeah, dude is really sticking it to Trump.
There was a headline here a while back that said "powell defies Trump in holding rates steady". Everyone's babbling about Trump and how much he's going to ruin everything, not a single piece of discussion around the macroeconomic conditions that motivated the Fed's decisions.
It's increasingly hard to have conversations here, because anything you say will necessarily be interpreted by someone as pro/anti Trump and that will determine if their response is a circlejerk or an attack.
And? Your point being? His cultists are making it about him all the time every chance they get. And they are rightfully criticized and even mocked for that. Because they do look ridiculous.
Now, that doesn't say anything good about the anti-Trump cultists mentioned by the poster above either.
In 2024 the US imported 224,000 barrels a day from Colombia. This will huge. As an American, good job standing up to trump Colombia. We'll do what we can from the inside.
The president has been hostile to Ecopetrol for his entire tenure—banning a series of drilling opportunities as soon as he got into office. A wash of resignations occurred a couple years ago, including Ecopetrol’s long serving and successful CEO.
Since then, there has been quite a bit of intrigue with political appointees to the Board, changes in leadership, the roll out of a 2040 plan to “decarbonize,” etc.
This forum does seem to have a persistent fixation with needing to interpret every action as either "sucking up to" or "taking a stand against" Trump. Contrary to popular belief, Trump is often not the central force in most decision making.
It filters in to all of the discussions too, you've got to word basic explanations carefully lest someone decide that explaining Colombia's domestic attitudes towards Oil is actually a pro Trump comment, and they'll come in swinging lol. It's wild being in an economics forum and seeing people make assumptions about other's political leanings based on them talking about like the Phillips Curve.
If you're expecting some moral opposition to working with Maduro, I think you'll be disappointed. Of all the countries Trump has dealt with so far, only Venezuela has been ready to cooperate without question.
Trump has already stripped legal status from Venezuelan refugees, a majority of which supported Trump, and is prepared to hand them over to the Regime.
Back before we decided immigrants were the worst thing to ever happen to the US, being a political refugee used to be a fast track for citizenship. Your 5 year window starts from entry rather than legal entry, and there's generally fewer roadblocks along the way.
It's why so many Cuban refugees were a voting block by the 70s and on, how so many Vietnamese are now citizens, same thing for Venezuelans. Chavez was ~25 years ago now.
The 5 year waiting period started from permanent resident status like for everyone else. Permanent resident status for refugee is a minimum of 1 year after entry, but in practice will take longer. Also the citizenship application can be made after 5 years, the process to become a citizen will take another 6 months to a year.
Unless they’ve changed it, it’s my understanding that refugees are able to “roll back” their start date to date of entry unlike most anyone else.
There’s also some internal prioritization as far as I understand it for certain program countries - Cuba after the revolution, Vietnam in the 70s, Venezuela in the early 00s, etc.
Colombian here , this isn’t standing up to trump. Ask local Colombians and see how they feel, this has been an embarrassing month for Colombia to say the least and it’s made an unpopular president even more unpopular
No I'm saying it's more likely he shut it down over enviromental concerns vs a dislike for Trump. The oil extraction would of overwhelmingly favored Columbia's economy.
Occidental Petroleum extracts over 1.3 million barrels per day and have recently expanded their operation even further. A small 90k a day at a far lower margin is nothing to them.
Hi, did you mean to say "would have"?
Explanation: You probably meant to say could've/should've/would've which sounds like 'of' but is actually short for 'have'.
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Not necessarily. It is an additional restriction on the potential daily supply of the type of oil that the US both refines and uses. This is an upwards pressure on prices.
Ecopetrol just pulled out. Oxy did not. They could seek another joint venture partner to replace Ecopetrol in the Permian Basin operations. The Permian Basin is highly attractive to oil companies, and many would likely be interested in stepping in.
It's not a lot of oil, so I don't expect it to matter at all in terms of oil production. The thing was 90k barrels from a field in Texas. (America alone uses 20 million barrels a day; this is nothing).
But it would have been a 1 billion investment, that the usa could have held over Colombia's head. After all, that equipment and cash was going to Texas.
I am sure somone else will work the field. Issue is whether any country on earth is dumb enough to invest in America when our government could just turn around and make demands and threats to that country. Colombia may have learned.
But the vast majority of oil found in America can't be USED in America. America has light sweet oil that they export for high cost. America refineries are built for heavy sour oil that we need imported.
I'm not sure it's see your point. I listed American oil consumption just to give context. 90k barrels a day is incredibly small compared to the amount of oil produced every day. If it takes an extra 2 or 20 years to drill this field, there aren't going to be gas lines because of it.
Y’all realize this is probably more unpopular in Colombia than anywhere else, right? But yeah, you guys keep virtue signaling here in this sub and on world news. You guys are losers
Ecopetrol lost its world class senior leadership to resignations in protest over the last couple years.
This president has been catastrophic to its future which will have major near term negative effects.
He also does not have direct control over Ecopetrol. The Columbian government exercises indirect control through the board of directors, not all of whom are political appointees.
This may trigger a crisis because even the political appointees owe a duty to the company and cancelling this deal is unquestionably against the interests of the company. Too much rocking the boat could lead to delisting and a catastrophe.
Could just be an autocorrect and/or translation error.
The general vibe they are speaking of is largely popular from what I have seen of Colombians; that the spat between Trump and their government is more two fools trying to look tough than anything productive.
LOL. Their loss, this operation is in Texas and they can easily find another partner. And this is another case that Reddit projecting their bias to foreign affair that they have no idea about like Argentina and Milei. Colombian hated his stunt of canceling that military flight.
Dude is making his poor country even poorer to make a point against someone his countrymen will never meet. Colombia is only like the 2nd biggest prostitution center in the universe because nobody can find a job but good for him
Sea_Inevitable7386 | 10 months ago
Again, as a Colombian its hilarious reading about a subject I personally know about and see the insane level of ignorant misinformation that gets shared on the false assumption it has anything to do with Trump.
Petro is a strange, erratic man and a terrible president. Last night he randomly decided to show on national television a six hour long council with his ministers that was such an insane shit show that it was getting clowned on social media as the equivalent to reality TV, filled with personal attacks, his rambling monologues, tears and a mini rebellion because this supposed hyper progressive president decided to name as chief minister a well known corrupt, women beater.
After the six hours nothing of substance had happened so he just gave some random orders, including this one, because he's aggressively anti oil despite 40% of Colombia's state budget coming from oil and the country being amidst its worst fiscal crisis in decades in no small part because of Petro. He just says random shit constantly and rules on a whim, it has zero to do with Trump.
Meanwhile I expect Ecopetrol's stock to somehow tank even more today but hey, it could be a nice buy opportunity, since this guy is deeply unpopular and will 99% be getting sacked in 2026 for someone else that 100% turn back on all of this.
RIP_Soulja_Slim | 10 months ago
> its hilarious reading about a subject I personally know about and see the insane level of ignorant misinformation that gets shared on the false assumption it has anything to do with Trump.
It's just Reddit for you, most posters here have very very little subject matter expertise on almost any of the things they're discussing - Economics, geopolitics, international trade relations, etc.
What they do know is how they feel about Trump, and they want to participate in the conversation, so everything is just interpreted through a lens of if it's Pro/con trump. They know they probably can't make an intelligent statement on the political climate in Colombia, but they sure do know if they like Trump or not so that's what ya get.
ECB Cuts rates? Good job standing up to Trump. Google fights an antitrust case? They're really sucking up to Trump. The King of Bhutan makes a border deal with China? Yeah, dude is really sticking it to Trump.
There was a headline here a while back that said "powell defies Trump in holding rates steady". Everyone's babbling about Trump and how much he's going to ruin everything, not a single piece of discussion around the macroeconomic conditions that motivated the Fed's decisions.
It's increasingly hard to have conversations here, because anything you say will necessarily be interpreted by someone as pro/anti Trump and that will determine if their response is a circlejerk or an attack.
Enron__Musk | 10 months ago
Somehow you made all this about trump...
hug_your_dog | 10 months ago
And? Your point being? His cultists are making it about him all the time every chance they get. And they are rightfully criticized and even mocked for that. Because they do look ridiculous.
Now, that doesn't say anything good about the anti-Trump cultists mentioned by the poster above either.
Aggravating-Energy65 | 10 months ago
Lol, I just came from watching a weird video of him on r/2latinoforyou saying that "cocaine isn't less healthy than whiskey"
Nice to have the context that it came from 6 hours of talking on national TV
Freud-Network | 10 months ago
> the insane level of ignorant misinformation that gets shared on the false assumption it has anything to do with Trump
You're going to find that everywhere in American social media.
also_plane | 10 months ago
Dude named Petro is against petrolleun? Unexpected, honestly.
Responsible_Fix_6958 | 10 months ago
In 2024 the US imported 224,000 barrels a day from Colombia. This will huge. As an American, good job standing up to trump Colombia. We'll do what we can from the inside.
Bamfor07 | 10 months ago
Meh, this has nothing to do with Trump.
The president has been hostile to Ecopetrol for his entire tenure—banning a series of drilling opportunities as soon as he got into office. A wash of resignations occurred a couple years ago, including Ecopetrol’s long serving and successful CEO.
Since then, there has been quite a bit of intrigue with political appointees to the Board, changes in leadership, the roll out of a 2040 plan to “decarbonize,” etc.
RIP_Soulja_Slim | 10 months ago
> Meh, this has nothing to do with Trump.
This forum does seem to have a persistent fixation with needing to interpret every action as either "sucking up to" or "taking a stand against" Trump. Contrary to popular belief, Trump is often not the central force in most decision making.
It filters in to all of the discussions too, you've got to word basic explanations carefully lest someone decide that explaining Colombia's domestic attitudes towards Oil is actually a pro Trump comment, and they'll come in swinging lol. It's wild being in an economics forum and seeing people make assumptions about other's political leanings based on them talking about like the Phillips Curve.
Advanced_Parking9578 | 10 months ago
This group should be renamed “Libs who hate Trump though also have an interest in Economics.”
StunningCloud9184 | 10 months ago
We do hate tariffs. And his name is tariff trump.
iamiamwhoami | 10 months ago
The timing is pretty interesting though.
Bamfor07 | 10 months ago
You could read that into it if you like.
imtourist | 10 months ago
While 200K b/d isn't that much Columbia it might influence other countries with much bigger reserves like Venezuela, and Guayana.
Pitiful-Recover-3747 | 10 months ago
The project is in Texas. The state oil company had invested in a joint venture with Oxy there. Apparently nobody read the article.
dannyboy1901 | 10 months ago
Too many people busy hating
Corronchilejano | 10 months ago
Venezuela has a dictatorship. Their values are Maduros, and boy does he prefer money to whatever the alternative is.
[OP] OrangeJr36 | 10 months ago
If you're expecting some moral opposition to working with Maduro, I think you'll be disappointed. Of all the countries Trump has dealt with so far, only Venezuela has been ready to cooperate without question.
Trump has already stripped legal status from Venezuelan refugees, a majority of which supported Trump, and is prepared to hand them over to the Regime.
Corronchilejano | 10 months ago
I only expect the worst from Maduro in any given situation.
MujiSama | 10 months ago
How did they support Trump if they weren’t allowed to vote?
[OP] OrangeJr36 | 10 months ago
Some 300,000 are naturalized in Florida alone and have been a huge factor in swinging the state red.
RIP_Soulja_Slim | 10 months ago
Back before we decided immigrants were the worst thing to ever happen to the US, being a political refugee used to be a fast track for citizenship. Your 5 year window starts from entry rather than legal entry, and there's generally fewer roadblocks along the way.
It's why so many Cuban refugees were a voting block by the 70s and on, how so many Vietnamese are now citizens, same thing for Venezuelans. Chavez was ~25 years ago now.
devliegende | 10 months ago
The 5 year waiting period started from permanent resident status like for everyone else. Permanent resident status for refugee is a minimum of 1 year after entry, but in practice will take longer. Also the citizenship application can be made after 5 years, the process to become a citizen will take another 6 months to a year.
RIP_Soulja_Slim | 10 months ago
Unless they’ve changed it, it’s my understanding that refugees are able to “roll back” their start date to date of entry unlike most anyone else.
There’s also some internal prioritization as far as I understand it for certain program countries - Cuba after the revolution, Vietnam in the 70s, Venezuela in the early 00s, etc.
Saboral | 10 months ago
He loves strong men and dictators just like the rest of his oligarch boys club.
sloppylavasyndrome | 10 months ago
XOM has guayana locked up.
sharkbait1999 | 10 months ago
Colombia *
DrOz30 | 10 months ago
Colombian here , this isn’t standing up to trump. Ask local Colombians and see how they feel, this has been an embarrassing month for Colombia to say the least and it’s made an unpopular president even more unpopular
Captain-Crayg | 10 months ago
The virtue signaling is in this sub too now it seems
--peterjordansen-- | 10 months ago
This is so lame dude
Own-Professor-6157 | 10 months ago
Realistically, it only hurts Colombia. Doesn't affect the US. I don't think he did this to attack Trump. They did it for the environment
Columbia has always been against fracking. In 2023, their Congress even passed a law banning fracking. Not sure why this is even an article..?
meatspace | 10 months ago
So you're saying this is a "self own" by this nation and has nothing to do with America?
Is your point one of those "America doesn't need anyone and no one can hurt us" things?
Edit: tpyo
Own-Professor-6157 | 10 months ago
No I'm saying it's more likely he shut it down over enviromental concerns vs a dislike for Trump. The oil extraction would of overwhelmingly favored Columbia's economy.
Occidental Petroleum extracts over 1.3 million barrels per day and have recently expanded their operation even further. A small 90k a day at a far lower margin is nothing to them.
Bamfor07 | 10 months ago
You can add to this that the government has refused to issue new drilling permits for Ecopetrol since the President took office several years ago.
This won’t stop anything, it’ll just hurt EC.
pataconconqueso | 10 months ago
Why do Americans insist on using that u? Like what is that?
SharkMolester | 10 months ago
There are many 'Columbias' in America and Canada, no 'Colombias'.
District of Columbia, British Columbia, lots of schools named Columbia something or other. Columbus Day.
anti-torque | 10 months ago
And?
It's annoying thinking of which one the post is about, when we're talking about somewhere completely different.
Own-Professor-6157 | 10 months ago
???????????????????????????????????????????????
RIP_Soulja_Slim | 10 months ago
Colombia = a country in South America
Columbia = a lot of places/things that aren't the country in South America.
ammonium_bot | 10 months ago
> extraction would of overwhelmingly
Hi, did you mean to say "would have"?
Explanation: You probably meant to say could've/should've/would've which sounds like 'of' but is actually short for 'have'.
Sorry if I made a mistake! Please let me know if I did. Have a great day!
Statistics
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Pitiful-Recover-3747 | 10 months ago
The project was in Texas…. Read the article
Own-Professor-6157 | 10 months ago
Exactly my point...? The only one losing is Ecopetrol. Oxy will find another joint venture partner like Shell
SundyMundy | 10 months ago
Not necessarily. It is an additional restriction on the potential daily supply of the type of oil that the US both refines and uses. This is an upwards pressure on prices.
Own-Professor-6157 | 10 months ago
Ecopetrol just pulled out. Oxy did not. They could seek another joint venture partner to replace Ecopetrol in the Permian Basin operations. The Permian Basin is highly attractive to oil companies, and many would likely be interested in stepping in.
Or they could just do it independently.
Like I said, this only really affects Columbia.
anti-torque | 10 months ago
Poor South Carolina.
Pitiful-Recover-3747 | 10 months ago
No it isnt. It’s a new field in Texas. This would have been new supply domestic in the us
wH4tEveR250 | 10 months ago
*affect
startgonow | 10 months ago
https://giphy.com/gifs/reaction-community-good-J8FZIm9VoBU6Q
Dry-Membership3867 | 10 months ago
Read the article
BringThaPain | 10 months ago
Alright, you’ve contributed plenty, why don’t you go grab a seat at the kids’ table while the grown-ups handle this?
Born_ina_snowbank | 10 months ago
This contributes even less.
TastySpermDispenser2 | 10 months ago
It's not a lot of oil, so I don't expect it to matter at all in terms of oil production. The thing was 90k barrels from a field in Texas. (America alone uses 20 million barrels a day; this is nothing).
But it would have been a 1 billion investment, that the usa could have held over Colombia's head. After all, that equipment and cash was going to Texas.
I am sure somone else will work the field. Issue is whether any country on earth is dumb enough to invest in America when our government could just turn around and make demands and threats to that country. Colombia may have learned.
xlews_ther1nx | 10 months ago
But the vast majority of oil found in America can't be USED in America. America has light sweet oil that they export for high cost. America refineries are built for heavy sour oil that we need imported.
FuriousGeorge06 | 10 months ago
It’s not the vast majority. 60% of the oil we use is sourced domestically.
TastySpermDispenser2 | 10 months ago
I'm not sure it's see your point. I listed American oil consumption just to give context. 90k barrels a day is incredibly small compared to the amount of oil produced every day. If it takes an extra 2 or 20 years to drill this field, there aren't going to be gas lines because of it.
Pitiful-Recover-3747 | 10 months ago
This field was in Texas. Odd that Texas doesn’t build even more refineries though. They obviously don’t care if everything burns.
Pitiful-Recover-3747 | 10 months ago
Didn’t you get the memo? My tax dollars will invest in that via the most tremendous sovereign wealth fund ever!
noscopy | 10 months ago
Yup... Get rid of that pesky SS and boom ! No more deficit... Just sovereign wealth as far as the eye can see.
Pitiful-Recover-3747 | 10 months ago
Medicaid. The poors can drink raw milk and clothing dyes.
taltechy | 10 months ago
Y’all realize this is probably more unpopular in Colombia than anywhere else, right? But yeah, you guys keep virtue signaling here in this sub and on world news. You guys are losers
Bamfor07 | 10 months ago
Ecopetrol lost its world class senior leadership to resignations in protest over the last couple years.
This president has been catastrophic to its future which will have major near term negative effects.
He also does not have direct control over Ecopetrol. The Columbian government exercises indirect control through the board of directors, not all of whom are political appointees.
This may trigger a crisis because even the political appointees owe a duty to the company and cancelling this deal is unquestionably against the interests of the company. Too much rocking the boat could lead to delisting and a catastrophe.
guachi01 | 10 months ago
It's hard to take someone seriously when they can't spell the name of the country their making bold pronouncements about correctly.
Sunset_Superman77 | 10 months ago
They're*
noscopy | 10 months ago
Not "their"..... "they're" it's hard to take you seriously when you can't spell a contraction correctly.
anti-torque | 10 months ago
It's hard to take you seriously when you use the improper amount of ellipses.
[OP] OrangeJr36 | 10 months ago
Could just be an autocorrect and/or translation error.
The general vibe they are speaking of is largely popular from what I have seen of Colombians; that the spat between Trump and their government is more two fools trying to look tough than anything productive.
durpuhderp | 10 months ago
> This president has been catastrophic to its future
<Trump has entered the chat>
petepro | 10 months ago
LOL. Their loss, this operation is in Texas and they can easily find another partner. And this is another case that Reddit projecting their bias to foreign affair that they have no idea about like Argentina and Milei. Colombian hated his stunt of canceling that military flight.
DrSilkyDelicious | 10 months ago
Dude is making his poor country even poorer to make a point against someone his countrymen will never meet. Colombia is only like the 2nd biggest prostitution center in the universe because nobody can find a job but good for him
eduardom98 | 10 months ago
Not sure there's anything that prevents a company from Europe or somewhere else from taking over the investment.