Here is update on PDVSA/Chavez/Venezuela – do you think Chavez will keep being idiot & go down with his anti-US program or will he suck it up & make nice with US consumers to stay in power now that his checkbook diplomacy is going under?
The ink is still wet on the Nicaragua refinery news item & looks like it is now canceled!
I Hadn’t seen that the Venezuela inflation was now 40% – last I heard it was only 27%.
The Chinese have canceled all Nov imports of Diesel due high Sept inventories that never went away & now may do same with crude and have already cutback several refineries or taken advanced shutdown scheduled maintenance.
Regards
