Barack Obama and Hugo Chavez were just the best of friends last weekend at that Summit of the Americas, shaking hands and exchanging books and whatnot. But this does not bode well for the American public. As former U.S. House Speaker Newt Gingrich says, being too cozy with a commited anti-American leftist is not a good idea for our nation's morale. But it's that just like America? Ronald Reagan shaking hands with Mikhail Gorbachev, Richard Nixon meeting with Mao Zedong... I guess it's not a show a weakness so much as a realization that we must deal with our biggest critics in at least a cordial way when meeting them face to face. But Chavez, being the attention whore that he is, gave Obama a book critical of the U.S. involvment in South America,. Shame Obama didn't have a copy of Adam Smith's "Wealth of Nations" to shove back int Chavez's hands. That would have been priceless. What message does this meeting send? I'm not sure yet, but I'll keep my eyes on how this plays out politically. Last thing we need is dictator-for-life Chavez's position being legitimized in the public arena. –Stephen Payne, Editor, Oil and Gas Investor This Week; www.OilandGasInvestor.com; spayne@hartenergy.com
Recommended Reading
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
2024-09-20 - After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
Aethon, Murphy Refinance Debt as Fed Slashes Interest Rates
2024-09-20 - The E&Ps expect to issue new notes toward redeeming a combined $1.6 billion of existing debt, while the debt-pricing guide—the Fed funds rate—was cut on Sept. 18 from 5.5% to 5%.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
CEO: Breakwall Providing Capital as RBLs ‘Materially’ Decrease
2024-10-09 - Breakwall Capital is stepping in to bridge the gap from the historic days of reserve-based lending, Breakwall Managing Partner and co-CEO Jamie Brodsky said at Hart Energy's Energy Capital Conference in Dallas.