OilPrice.com (January 12)
“Regardless of how investable Venezuela will be in the future, the U.S. control over its oil industry would change the power balance in the oil markets, giving the U.S. more sway in longer-term supply. This would leave OPEC and the wider OPEC+ group including Russia and Kazakhstan with potentially diminished clout in influencing the oil market balances and prices.”
Tags: Clout, Control, Diminished, Future, Investable, Kazakhstan, Market balance, Oil industry, OPEC, Power balance, Prices, Russia, Supply, U.S., Venezuela
New York Times (December 13)
Donald Trump’s choice of CEO Rex Tillerson for Secretary of State looks certain to face opposition, even within his own party. “Why would Mr. Trump choose as his top diplomat a man whose every decision or action would be tainted by suspicion that he’s capitulating to Russian interests or those of the oil industry, having spent his entire career at Exxon Mobil?”
Tags: CEO, Diplomat, Exxon Mobil, Oil industry, Opposition, Rex Tillerson, Russia, Secretary of state, Tainted, Trump
