03-18-24 carib
Savo: we have different opinions.
Bond prices are the measurement of any outcome. |
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03-18-24 savo
carib.. i am less concerned about political uncertainty than about April 18. If they do not renew GL44.. Maduro will just re-elect himself á la Putin in perpetuity and the ball will move to Trump's court.
If they renew, there will be room for diplomatic discussion post election.
The main problem I see now.. it that MCM and Blyde believe they have been sent from heaven. They will not accept a Maduro victory, even if real. |
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03-18-24 carib
Savo: the point is that if the degree of political uncertainty is very high.. committing substantial new capital is risky. Guyana is way less risky, at the moment. |
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03-18-24 savo
carib... the license for Chevron is GL41... the key part as to what is autorised... is this in my opinion:
"Sale to, exportation to, or importation into the United States of petroleum or petroleum products produced by the Chevron JVs, provided that the petroleum and petroleum products produced by the Chevron JVs are first sold to Chevron;"
and what is not authorised:
"The sale of petroleum or petroleum products produced by or through the Chevron JVs for the exportation to any jurisdiction other than the United States;"
"Any expansion of the Chevron JVs into new fields in Venezuela"
I do not find any other license that is company specific.. meaning that all other companies have to work under GL44 ... the general one... which authorises:
"New investment in oil or gas sector operations in Venezuela;"
this is my interpretation of the two licenses read together:
1) Chevron is autorised to produce and export as long as those exports go to the US...
2) Chevron can not use its existing JVs to take on new fields...
3) Chevron can still extract as much juice as possible from its existing JVs
but:
4) Chevron does not have to work only under GL 41. It can also work like other companies under GL 44 and thus make new investments into new fields thorugh new JVs.
It makes sense.. why would Chevron be limited to existing fields... if other companies are not.
Conclusion: your relative is right...there has to be interest... because unless the US is willing to burn all bridges... the potential is unlimited. |
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03-18-24 victor
pana
Maria Corina Machado hace pronunciamiento por las próximas Elecciones en Venezuela
https://www.youtube.com/watch?v=YRhKBszMBTk
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