Staying Away In Droves

Money is being dumped into major energy prospects all over the globe these days (Exxon in Canada, Ghana, even Poland; Total and Eni in Iraq, Shell in Australia; China pretty much everywhere) but a major oil and gas trade show in Venezuela is a bust. Despite almost zero geological risk, Chavez has scared off anybody worth having. Major energy industry capital is choosing below ground risk over above ground risk. Amazing.