Mises Search

Amidst the current social and political turmoil in Venezuela, a discussion over what could drive a foreign military intervention in the country has been making headlines lately. To my surprise, Venezuela’s oil reserves ( the largest in the world ) are among the top reasons people believe the US Government would be after. However, the current shape

Oil seems immune to what in the past — artificially, effectively and quickly — caused a surge in its prices.  Recent OPEC cuts have had little (or no) effect on the market. The sanctions from Saudi Arabia (and other countries in the Persian Gulf) on Qatar were barely noticed. Unlike all NYSE indexes, that show a steady post-crisis growth, crude