Pompeo calls on oil industry to support U.S. foreign policy agenda
Source: Reuters
BUSINESS NEWS MARCH 12, 2019 / 7:15 PM / UPDATED 4 HOURS AGO
Pompeo calls on oil industry to support U.S. foreign policy agenda
HOUSTON (Reuters) - U.S. Secretary of State Mike Pompeo urged the oil industry on Tuesday to work with the Trump administration to promote U.S. foreign policy interests, especially in Asia and in Europe, and to punish what he called bad actors on the world stage.
Addressing top executives of the worlds largest energy companies and oil ministers in Houston, Pompeo said in prepared remarks that Americas newfound shale oil and natural gas abundance would strengthen our hand in foreign policy.
The United States has imposed harsh sanctions in the past several months on two major world oil producers, Venezuela and Iran.
Pompeo said Washington would use all its economic tools to help deal with the situation in Venezuela, which is mired in a years-long economic crisis and where socialist President Nicolas Maduro is maintaining power despite being disavowed by the United States and about 50 other countries.
Washington reimposed oil sanctions on Iran last year, sharply reducing its volume of crude exports in the past several months in an effort to curb Tehrans nuclear, missile and regional activities. Were committed to bringing Iranian crude oil exports to zero as quickly as market conditions will permit, he said.
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https://www.reuters.com/article/us-ceraweek-energy-pompeo-speech/pompeo-calls-on-oil-industry-to-support-u-s-foreign-policy-agenda-idUSKBN1QT32U