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Cake day: July 2nd, 2023

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  • This is my immediate thought too. I have been under the impression that, after having their infrastructure partially nationalized during the Bolivarian revolution Chevron and the like viewed Venezuelan oil as too risky to invest the absolute shitloads of money they would need to to expand their production beyond where it already is. Maybe Chevron is uniquely positioned for this because of the extent of their preexisting infrastructure, but I’m curious to see if they just slow walk the deal until Trumps out, or something?

    I certainly think the possibility of Venezuelans throwing a wrench in the plans after anger with the theft of their sovereignty boils over is greater than zero, but, like, who knows what’s being said beyond public knowledge. Maybe the bad taste left by Maduro is enough where thats just not a risk? Maybe there’s some other assurances we aren’t privvy to? Maybe Chevron is just greedy enough to try regardless?



  • This statement is really weird, even for Trump because in the question asked immediately prior he clearly understands the question about whether he directed Bessant to intervene in the bond market stating.

    “Not at all. No, he’s a very capable man. He wanted to do it. He’s very good at it. He is a good touch. Very good natural touch for the bonds and interest.”

    Right? He understands ehats beung spoken about, or his answer at least makes it sound like he does.

    Then the reporter mentions that yields came back up and asks if Trump was going to direct Bessant to do “some other type of intervention”. At this point Trump suggests military intervention.

    He goes from “Bond market intervention” -> “Interest rates” (reasonable) to “Intervention” -> “I might direct the military to attack the bond market” (deranged) in, like 10 seconds. Is he just playing word association? Is he fucking with the reporter?