What the Sigma

Chevron Soars After US Raid On Caracas


Listen Later

US Special Forces raided Caracas on Saturday, at least 40 people died, and while Trump says we're running Venezuela now, Maduro's government is apparently still in charge on the ground. Markets immediately saw dollar signs: gold hit $4,420, defense stocks jumped 8-9%, and Venezuelan bonds that were considered worthless are suddenly being traded like lottery tickets. Oil company stocks are surging while oil prices stay flat because this isn't about supply scarcity—it's about which American corporations get the contracts to rebuild Venezuela's broken infrastructure and extract its oil.
...more
View all episodesView all episodes
Download on the App Store

What the SigmaBy Grep News | Chad Stacks