No. of Recommendations: 2
Oil was $55 a barrel back then, and it was Enron's CEO that called Venezuela's oil uninvestible.
iirc, it was Exxon. But, of course, the honchos at XOM, COP, and CVX probably did not imagine that Trump the Conqueror would be stupid enough to start a war that would shut down nearly all traffic in the Gulf, which has doubled prices, so far.
Thing is, for VZ to be "investible" Trump would need to keep the war going, for years.
Recall the song I posted yesterday "One, two, three, what are we fighting for?". The fighting is probably, mostly, at the direction of Israel, but juicing big oil profits, to a remarkable degree, is also an objective. We Proles are only a ledger entry under "source of funds", for paying the escalating prices.
Steve
