The Trump administration has outlined a number of demands that Venezuela must agree to in order to resume oil production, two senior White House officials told CNN.
some thoughts.,..
the venz stole our oil has some truth to it; the 1976 nationaiszaytion was a relatively chill afffair, with companies given some iperhaps adequate compensation? and implemtned in smoe/most/all cases as nnot renewing contract, whihc is why contracts should be properly timed limited to provent locking in bad situations (or very uneven deal). but the ~2007? by chavez was more a stole than a chill end of a relationship sort of thing, with relatively few gripes.
so the argemeunt is partially true.
i’m really wondering if there is sudden increase in oil from venz (struglling to pump ~1Mbbl or less per day), but what if 3 years from now venz is pumping 10mbbl, glut, price crash, etc, dog sleepoing with cats, that ssott of thing. of course opec and usa could slow down, but profits must go up!!
i wonder what the capacitu for opec and others to back off piumping if sign ificatn venz flows quickly.
