Greg Grandin on how the Monroe Doctrine Became the Donroe Doctrine

Bullish:

• $OILSERVICES - Venezuela oil infrastructure requires massive capital investment to restart production, creating opportunity for oil services companies.

  • “to get Venezuela back online is gonna cost an enormous amount of capital investment”

    Greg·30:55
• $LATAM - US historically turns to Latin America during periods of global weakness, suggesting increased focus and investment in the region.

  • “Trump is doing what a number of his predecessors have done during moments of of US kind of recession of US power in the world. They turned back to Latin America.”

    Greg·30:20

  • “Latin America is where we go to dominate when we're internally weak”

    Joe·41:45

Bearish:

• $ENERGY - Oil market is oversupplied with prices at lows, making new Venezuelan production economically challenging.

  • “Oil is trading at an all time low. Maybe not an all time low, but it's pretty low. The market is filled glutted with oil.”

    Greg·30:48
• $VZLA - Venezuela facing continued instability with US demanding oil tribute and millions fleeing the country.

  • “Venezuela has been in crisis for a long time”

    Greg·31:43

  • “millions of Venezuelans were fleeing the country”

    Greg·31:53

  • “he's demanding tribute. Right? He's just trying to turn Venezuela into a vassal state”

    Greg·34:26