Okay. I think I'm drunk enough to reply to a friend who sent along a credulous US-nationalist interpretation of recent events between Venezuela & Guyana. If you've been hearing panic about the region, too, let me assure you that it's not the grand territorial war it's been made out to be by those who see this as a battle between SOCIALISM and the WEST.

As ever, petroleum futures know no ideological lines in the sand. This is about securing state access & cutting off guerrilla control, no more.