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Trump-Maduro Standoff Deepens As US Enforces Blockade
The US stands in "gross violation of international law" and, more damning in a world where foreign p
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Wow, just wow!
Chevron is responsible for about 27% of Venezuela’s oil production. The stock is non-plussed so investors must be confident Chevron’s cargoes won’t be affected and/or that Chevron will get a sweeter deal in the post-Maduro Venezuela and help negotiating with the Machado government.
Meanwhile, China is busy preparing to use the US blockade of Venezuela as precedent for its own blockade of Taiwan. The Taiwan blockade will be more difficult since the US Navy will object, but the VLS cells in the Navy’s Pacific Fleet will be empty long before China runs out of shore-to-ship missiles. Anyway, hit a couple containerships or bulkships and insurers will pull coverage, carriers will cease sailing, and there is no relevant US Merchant Marine fleet.