• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 18 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 3 hours "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 6 days Wind droughts
  • 11 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 10 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 4 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 2 days Xi Is Set To Be Re-Elected As China’s Leader
  • 8 days Oil Prices Fall After Fed Raises Rates
  • 9 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 13 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
Editorial Dept

Editorial Dept

More Info

VENEZUELA-US: Tell-Tale Signs of Hostile Environment for Investors

Bottom Line: As Maduro expels two US government officials from Venezuela, cutting off informal channels of communication, and the US reciprocates by expelling 2 Venezuelan diplomats, optimism surrounding a post-Chavez regime wanes. 

Analysis: Despite some optimistic reports that Chavez’s passing could start a new chapter in the relationship between the US and Venezuela, tell-tale signs in the last few weeks debunk this. Maduro expelled 2 US government officials on 5 March, and a week later the US reciprocated by expelling 2 Venezuelan diplomats. This latest diplomatic tit-for-tat came after public statements of support by a US State Department official for Maduro’s challenger, Henrique Capriles.

Though Maduro will almost certainly win the election, he will need to contend with weak infrastructure, rampant inflation, long-term contracts that provide below-market-price crude oil to China and other partners, and social problems including high crime rates. Pdvsa, the state oil company, is under extraordinary pressure to increase production and bring in more money to help solve those problems. Accidents like a refinery fire, pipeline explosion or oil spill could trigger a political breakdown or irreparably damage Pdvsa’s production capacity. It is entirely conceivable that President Maduro will be forced to reckon with major protests and strikes, possibly including violence or sabotage of infrastructure.

Bottom line: The Venezuela-U.S.…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News