From Trade follows Flag to Flag follows trade
Here we look at how world trade flows have developed empires and companies and now how Chevron is caught in Venezuela by U.S. sanctions seeking to end the criminal regime in Caracas that come to a head this month. “Trade follows flag” Trade begins to spring all over the world and either shatters or opens fissures in political systems. If you list the 10 largest world oil reserves only two are in so called developed countries: the US and Canada. They thus cling to their assets worldwide. And while many succeed in evading controversy some are caught by truly horrible developments like those of Venezuela where Baker Hughes; Chevron, Haliburton and Weatherford would like to stay in order to be able to develop a position of preeminence at the world largest oil reserve but the country is subject to sanctions from the US government that is all set to bring down the criminal regime of Venezuela. Time will tell what is best for the US and Western interests. But for now, Chevron and the rest of the major oil producers are thorn by the US dilemma.