RE:Octane you want to break this to small cap?Yeah Gambino , another denial of that WSJ article . I'm getting used to this , the media throws out some unverified story to feed the paper market and time after time , they are proven to be wrong . How many times did an Iranian deal get mentioned even while Iran was selling drones to Russia and offering contracts for killing US government officials ? This Venezuala thing is no different , Maduro/Chavez have caused companies like Chevron to write down billions on lost investment due to gov't nationalization and corruption . It is highly unlikely that anyone will risk the money required with the present government in place .
When you look past the smokescreen , it scares governments because they will be held to account when this mismanagement results in shortages . One guy on bnn was all excited that some refinery in Kuwait might increase supply in New England ........ really ???? You think relying on a refinery half way around the world is a good idea ? People aren't seeing the forrest for the tree's , restricting prices without controling supply is a dangerous game . Like a bowling ball falling off a shelf , a lot of people are about to get scared senseless when this shock hits .