Introduces topic of Venezuela and potential investment opportunities after Maduro's ouster, asks if US is entering era of 'petro-imperialism'.
speaker1
Mark Mobius
States clearly that the Venezuela issue is about oil - US needs Venezuelan heavy crude for Gulf refineries and wants to reverse China's position as biggest importer.
Asks how Russia and China will respond.
speaker1
Mark Mobius
Believes Russia and China cannot respond effectively militarily; US is currently in charge but needs cooperation from people on ground.
Asks if this will require additional military involvement.
speaker1
Mark Mobius
Says it could require military threat combined with protecting assets of Venezuelan leaders who have assets in US.
Asks about investment opportunities in Venezuela for emerging markets investors.
speaker1
Mark Mobius
Sees great opportunity in Venezuelan market post-Chavez, notes market has been best performing due to devaluation and inflation driving people to stocks to preserve assets.