Rafael Ramirez is saying again that Venezuela is ready to cut of oil shipments to the USA in the case of a U.S. military attack on Venezuela. Suffice to say that this isn’t going to happen, and further analysis of the “what if”s would be silly. This is Ramirez trying to talk up the price of crude. Anyone who trades on this stuff deserves to lose money.
Speaking of hot air: there’s a reason why I’ve been ignoring the supposed spat between Colombia and Venezuela.