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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: robert b furman who wrote (13276)2/27/2025 11:40:36 AM
From: Elroy Jetson  Read Replies (1) of 13775
 
Only four weeks ago Trump's personal envoy Richard Grenell signed a deal with Venezuela which demanded Chevron greatly expand their 200,000 barrel per day of oil exports from Venezuela - Message 35005478

His imperial majesty King Trump has now announced Chevron must instead cease all operations in Venezuela within 48 hours by March 1. - wsj.com

“We are aware of today’s announcement and are considering its implications,” Chevron spokesman Bill Turenne said. “Chevron conducts its business in Venezuela in compliance with all laws and regulations, including the sanctions framework provided by U.S. government.”
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His imperial majesty king Trump just announced new 25% import tariffs on all goods from Canada and Mexico will now begin Tuesday of next week on March 4. - bloomberg.com

Midwest refiners in the US have a full five days to line up an alternate source of crude oil or face a major increase in costs. On the news, both the Canadian Dollar and Mexican Peso rose in value relative to the US Dollar.

Donald Trump has suggested Midwest refiners consider the vast oil resources of Ukraine as an immeadiate replacement for crude oil piped in from Canada which sadly faces costly government import tariffs next Tuesday.
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"Ukrainian oil could be the jewel in the crown of Midwest oil refiners, possibly bringing down gasoline prices by Thursday," Trump claimed as he snorted another line of crushed Adderal tablets off his Oval Office desk.
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