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Photo: Tasos Katopodis/Getty Images

ExxonMobil and other big energy companies will likely be cool to President Trump's idea of working with the U.S. to produce oil in Syria, analysts say.

Driving the news: Trump reiterated the idea and name-checked Exxon during remarks this morning on the killing of ISIS leader Abu Bakr al-Baghdadi by U.S. forces.

  • "[W]hat I intend to do, perhaps, is make a deal with an ExxonMobil or one of our great companies to go in there and do it properly," Trump said at the White House.
  • He raised the same idea at a Cabinet meeting last week. Exxon declined to comment on Sunday.

The big picture: The U.S., despite the pullback from Syria, is reportedly deploying troops to a northeastern region to prevent oilfields from falling into ISIS' hands.

But, but, but: Oil majors are unlikely to take interest in the idea, analysts tell Axios.

"I doubt there will be a rush by oil companies to work in a region that is a hotspot for military action and civil unrest," said Michael Webber, an energy scholar with the University of Texas at Austin.

  • "International oil and gas companies aren’t looking for risky places to operate, they are looking for safer places to operate — which is one reason why west Texas has been enjoying a boom in production," he said in an email exchange.

Where it stands: Syria, even at its peak, was not among the world's big oil producers.

  • Production peaked at roughly 600,000 barrels per day in the mid-1990s, but has long been in decline and plummeted when a civil war broke out nearly a decade ago. It's now just a tiny fraction of those levels and would require substantial investment to revive.
  • And there would be legal barriers too. “Oil, like it or not, is owned by the Syrian state,” Brett McGurk, former U.S. envoy to the multilateral anti-ISIS coalition, said last week, per the Wall Street Journal.

One level deeper: Webber, deputy director of UT-Austin's Energy Institute, criticized the Trump administration's maneuvers.

  • "[T]he announcement that oil was a motivator for our troops’ movements affirms critics’ worst conclusions that U.S. foreign policy and defense strategy are about oil and no longer about defending human rights or promoting democracy abroad," he said.

Go deeper:

Go deeper

Updated 2 hours ago - Politics & Policy

House cancels Thursday session as FBI, Homeland Security warn of threat to Capitol

Photo: Eric Baradat/AFP via Getty Images

The FBI and Department of Homeland Security predict violent domestic extremists attacks will increase in 2021, according to a report obtained by Axios.

Driving the news: The joint report says extremists have discussed plans to take control of the Capitol and "remove Democratic lawmakers" on or about March 4. The House canceled its plans for Thursday votes as word of the possible threats spread.

3 hours ago - World

Pope Francis set to make first papal visit to Iraq amid possible turmoil

Data: Vatican News; Map: Danielle Alberti/Axios

Pope Francis is forging ahead with the first papal trip to Iraq despite new coronavirus outbreaks and fears of instability.

The big picture: The March 5–8 visit is intended to reassure Christians in Iraq who were violently persecuted under the Islamic State. Francis also hopes to further ties with Shiite Muslims, AP notes.

"Neanderthal thinking": Biden slams states lifting mask mandates

States that are relaxing coronavirus restrictions are making "a big mistake," President Biden told reporters on Wednesday, adding: "The last thing we need is Neanderthal thinking."

Driving the news: Texas Gov. Greg Abbott (R) said Wednesday he will end all coronavirus restrictions via executive order, although some businesses are continuing to ask patrons to wear face masks. Mississippi is lifting its mask mandate for all counties Wednesday, per Gov. Tate Reeves (R).

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