Friday, February 4, 2022

Most Interesting Geo-Political Story That Popped Up Today -- Another Story Not On My Bingo Card Today -- February 4, 2022

Link to Charles Kennedy, one of my four favorite contributors over at oilprice: Chevron in talks with Venezuela to boost oil production. 

Wow, can't wait to see how White House press secretary Jen Psaki spins this story. For those following this story, it's quite an amazing turn of events. 

The memes and observations:

  • the US wanted to put a stranglehold on Venezuela; ever since former president in office;
  • but, the US kept giving "waivers" to Chevron with regard to their Venezuelan relationship;
  • now, with $100 oil, it makes it more difficult to shut out Venezuela

CVX ticker today: up 1.7%; up $2.26; trading at $136.43; yield, 4.2%; 52-week high: $137; intra-day high today? $137. Well, I guess that says it all. Sort of like the box score at a baseball game. 

Testing

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