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RE: Venezuela Faces Hard Choices w/ Falling Oil Price

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#6469

Charles Randall
Participant

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

Refining Community