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FABIOLA SÁNCHEZ and SCOTT SMITH – Venezuelan president: Key oil refinery attacked; 2 detained

Summary:
The oil curse: just about every good-for-nothing crook, mercenary, soldier of fortune, gangster, and Western government is after that oil.  Venezuelan President Nicolás Maduro said Wednesday that a large oil refinery suffered a “terrorist attack” as his government struggles to provide domestic fuel to the nation amid a historic political and economic crisis. Venezuela was once a wealthy oil nation, but its broken refineries fail to produce enough fuel for drivers to fuel up their cars. Venezuela in recent months has begun importing gasoline from Iran, another nation that has been hit with U.S. sanctions.****In the Heath case, the American was arrested while in a car with three Venezuelans — National Guard Sgt. Major Darwin Urdaneta, Marcos Garcés and Daeven Rodríguez. The three

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The oil curse: just about every good-for-nothing crook, mercenary, soldier of fortune, gangster, and Western government is after that oil. 

 Venezuelan President Nicolás Maduro said Wednesday that a large oil refinery suffered a “terrorist attack” as his government struggles to provide domestic fuel to the nation amid a historic political and economic crisis.

 Venezuela was once a wealthy oil nation, but its broken refineries fail to produce enough fuel for drivers to fuel up their cars. Venezuela in recent months has begun importing gasoline from Iran, another nation that has been hit with U.S. sanctions.

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In the Heath case, the American was arrested while in a car with three Venezuelans — National Guard Sgt. Major Darwin Urdaneta, Marcos Garcés and Daeven Rodríguez. The three Venezuelans have been charged with treason, terrorism, arms trafficking and conspiracy.


FABIOLA SÁNCHEZ and SCOTT SMITH - Venezuelan president: Key oil refinery attacked; 2 detained

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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