LNG $200 by summer let’s go!!
Gazprom making lots of cash…Russia is laughing all the way to the Bank and laughing at Biden as it avoids all sanctions and can continue to earn rubles for gas from Germany and Europe, and it can continue to earn foreign exchange from other countries that it’s selling its agriculture to at rising prices, its oil and gas at rising prices, too. So obviously, the balance of payments is going way up and Russia is becoming much wealthier as a result of Biden’s sanctions. Russia energy profits and agricultural up 50% since the war begun as Russia becomes richer..
Venezuela has the hottest growth economy now with Oil pumping..
Ecuador’s leftist former president Rafael Correa tweeted a screenshot of an April 6, 2022 Credit Suisse report on Venezuela, which appears to be private, predicting 20% growth in 2022 and 8% growth in 2023.
“These are not typos!” the Swiss bank wrote.
If we are accurate, these might end up being among the strongest growth prints globally for these years.
Credit Suisse’s prediction of 20% Venezuelan growth in 2022 and 8% more in 2023 shows that the worst of this U.S.-fueled economic crisis has passed.
Part of this recovery can be attributed to the massive rise in the price of oil.
Venezuela’s economy is very dependent on oil exports.
Credit Suisse said its forecast “is largely based on the expectation that [Venezuela’s] oil GDP will rise more than 20%.”
In addition to being an influential politician, Correa is a renowned economist, with a PhD in economics.
Correa and some of his former officials have provided economic advising to the Venezuelan government during this difficult period under blockade by the United States.
In 2015, President Barack Obama signed an executive order declaring Venezuela to be a supposed “unusual and extraordinary threat to the national security and foreign policy of the United States.”
This executive order opened the floodgate for the U.S. government to impose grueling sanctions on Venezuela.
Credit Suisse’s prediction of 20% Venezuelan growth in 2022 and 8% more in 2023 shows that the worst of this U.S.-fueled economic crisis has passed.
Part of this recovery can be attributed to the massive rise in the price of oil.
Venezuela’s economy is very dependent on oil exports, and has been for a century, since well before leftist Hugo Chávez became president in 1999 and subsequently launched the Bolivarian Revolution.
Credit Suisse said its forecast “is largely based on the expectation that [Venezuela’s] oil GDP will rise more than 20%.”
In March and April 2021, the price of a barrel of crude oil was around $20. By March and April 2022, it had skyrocketed to more than $100.
But the Venezuelan government has put significant energy and resources into diversifying its economy beyond oil production.
China, Russia, and Iran have also helped Venezuela find economic alternatives and soften the destructive impact of illegal Western sanctions.
Natural Gas
If you’re interested in researching US and Canadian O&G E&P companies participating in this natural gas and natural gas liquid boom please see EQT, OXY, AR, VET, FANG, DVN, MRO, BIREF, CTRA, PXD…just to name a few. these producers are virtually PRINTING Free Cash Flow (FCF). Most are using their FCF funds wisely…paying down debt and conducting stock buybacks like there’s no tomorrow. Really something to observe.
So…while the “HI-VALUATION” Silicon Valley “unicorn” stocks are down 50-60-70-80-90% since November…take a look at the price action on these O&G E&P stocks during that same timeframe. Yes…WOW is right. And most pay significant dividends as well. In fact many have begun a base dividend + variable dividend = TOTAL DIVIDEND program to distribute the massive FCF they’re making
