Vene(zuela), vidi, vici?

President Trump is threatening to extend the ‘Donroe Doctrine’ to Venezuela: could we see military action and/or regime change? This would be a high risk move that could either strengthen the US’ grand macro strategy position or weaken both it and President Trump  We see little near-term impact on oil even if Venezuelan supply is taken out, which we do not expect, and much capex would be needed to boost output back to where it once was However, there are other geostrategic arguments for this move – if it is made