Remember, this is the industry that was financed on cash, and many of the founding companies still have lots of it (the problem ofrepatriationof foreign profit notwithstanding).
U.S. negotiators to the U.S.-Soviet Trade Agreement were reportedly unable to obtain assurances from the Soviets on two key items of concern to the American business community: (1) profitrepatriation, and (2) protection of intellectual property rights.
This major reversal puts Chevron squarely in the lead of the American Trade Consortium as the 'cash cow' on which the other ventures depend for profitrepatriation.