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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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