With rioting and insurrection seemingly on the upswing around the globe, US media
decided to focus primarily on the battle for control of Ukraine. A profoundly rich and
tangled history is found there, but the Ukraine does not export 1.7 mil bd. of oil as does VZ,
with the US its major customer. There is big trouble in Caracas as Pres. Nicolas Maduro
tries to manage a fast deteriorating economy coupled with a growing popular reaction
to the gov.'s policies in the post - Chavez era when the living is no longer at all easy.
The US had little use for Chavez and less for Maduro. But, the stability of the oil market
is important not just to the US but globally. So, Obama and his people need to laser
attention in here pronto to look at how best to keep the oil flowing without laying on the
hated heavy hand.
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!