""It moves things in a positive direction," Wirth said on CBS' Face the Nation. "It still needs some work. It's probably not enough to bring in the level of investment that would be desirable. So I think there's progress that's been made.""
""An increase in production there would improve energy reliability and supplies in the United States," Wirth said."
""You can't turn on production at a moment's notice," he said. "It takes engineering, it takes supply chains, it takes contracts and workers moving and being mobilized.""
Chevron CEO Mike Wirth noted that Venezuela's changes to its oil policy are a positive step towards attracting foreign investment, though more work is needed. Following the US's actions against Maduro, Venezuela altered its nationalist oil policy to entice investors. Interest from US oil companies is growing, with executives seeking assurances for safe investments. Wirth emphasized that increasing production is crucial for energy reliability in the US, but the recovery of Venezuela's oil industry depends on the return of skilled workers who have emigrated.
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