Ed

I think Wall Street, with a very limited number of exceptions, like the companies that have refineries on the Gulf Coast, where if there's more very heavy oil flowing around, that's profits for them.

That what the numbers coming out of stocks on Wall Street are telling you is this is not a big economic event.

I can't make, as a proposition, the removal of President Maduro in Venezuela, I can't make sense of that as a let's get the oil strategy.

I just can't, given the oil market, how it works, where else there is oil in the world, how much the differential and extraction costs, the potential risks involved.

It just doesn't work as an economic play.

And similarly, I would say the same thing about Greenland.

Now, it may be that people in the White House have a very different perspective than I do.

People disagree.

Maybe I'm an idiot.

Maybe they're idiots.

But I can't make sense of it.

So

That just defaults me to this is about politics, not economics, which is not to say that Trump doesn't like to talk about everything like it's a business deal.

You know, and he talks about we get the oil and we're going to have this number of billions.

They're giving me that and we're going to be controlling everybody's going to be rich.

But that's just standard Trump rhetoric.

He puts that on top of everything.

Right.

So, you know, just on the facts.

Because it doesn't make sense in any of the ways I think, it has to be in the political domain, because it doesn't work for me.