Venezuela & Oil: A Most Unsavoury Situation

Venezuela, you see, possesses a truly staggering quantity of the black stuff. Though, under the previous administration, extracting it was rather like attempting a soufflé during an earthquake. The Americans, quite sensibly, would prefer things to be… more productive. And, of course, they’ve decided that Chevron (CVX +2.30%) and ExxonMobil (XOM +3.98%) should be heavily involved in the rebuilding process. A rather blunt request, if you ask me, but then, subtlety isn’t exactly a hallmark of transatlantic relations.








