Do you see the death of Chavez as upsetting the apple cart? Or will Venezuela’s political instability create a slowdown in their production?
Thank you for your earlier replies.
Gwjack
For more years than I can recall, the logical conclusions never seem to happen the way they should.
More oil from Venezuela is what should happen.
Their oil is crap and costly, but it does make a difference.
If you look at oil as currency, and that currency is in US Dollars, then higher output from Venezuela should weaken the US Dollar. But, it is a question of where those dollars go.