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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

05/17/16 at 3:17 PM CDT

 

 

READ: 5

RPLY: 0

0

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Sentiment:

Neutral

Reply to:

MSG`#3692,`05/17/16
By Jester Debunker

 

Re: Earnings season shows more declines

Re Oil and Venezuela:  I hear the economic situation in Venezuela is in a death spiral, people are going without basic necessities, even toilet paper is rationed!  It has been pretty rough going for socialist/left wing leaning governments in Latin America, I would not be surprised if Venezuela’s President Maduro finds himself in a tough spot.  If this were to happen, it would not help the Oil Sector.  Venezuela has the biggest reserves and Oil output has completely collapsed. If this were to happen, a new government would likely have a more conservative (right wing) agenda.  The Exxons and Chevrons of the world would likely benefit and bring production back in a few years time.

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