@KobeissiLetter I suspect the reason near-term oil futures have not moved much this week is because the long timeline required to return VZ oil production to historical high of 3M barrels per day.
But if production is restored, US oil prices will eventually go down.
@KobeissiLetter Venezuela does not have LNG terminals nor are there NG pipelines to US making US NG prices non-fungible with those in VZ.
Drawing any connection between Maduro and American NG price is incorrect.
Oil, however, is fungible & will decrease in price if production is restored.
@BowTiedMara 20 years and $1M are the maximum sentence for criminal conviction (ceiling of $250k for civil).
Regardless, this bill is concerning. Gives Secretary of Commerce a lot of power to take “any other action necessary” over a vaguely defined range of communications products.