Author: Vitaliy Dadalyan

Venezuela Is Tearing Apart Oil Pipelines to Sell as Scrap Metal

(Bloomberg) -- Venezuela’s capacity to produce some much-needed gasoline and diesel of its own hinges on a single oil play. To tap it, the Nicolas Maduro regime is willing to cannibalize the country’s crumbling energy infrastructure to pay contractors with scrap metal.Unlike the tar-like crude from Venezuela’s Orinoco region, the light oil from Monagas state is the only kind that’s easy to process into fuel at the country’s aging refineries. It’s also the only area where production doesn’t require the help of sanction-wary partners.So, with the U.S. considering further steps to curb the country’s fuel imports, cash-strapped state producer Petroleos de Venezuela SA is offering to pay for major repairs at pumping stations and compression plants in Monagas with scrap metal and parts from idled oil facilities, people familiar with the situation said, asking not to be named because the information isn’t public.The move follows failed attempts to obtain $800 million...

Why This Time Will Not Be Different for Nvidia Stock

In three sessions beginning last Thursday, Nvidia (NASDAQ:NVDA) stock lost 17% of its value. However, investors shouldn't panic.Source: JHVEPhoto / Shutterstock.com After all, we've been here before. It was just six months ago that the market as a whole was plunging. My advice then was simple: take the long view. In turn, investors who kept that focus, kept their cool and focused on high-quality stocks were rewarded.September hardly looks like March, but I'll admit the last few sessions have been nerve-wracking. The tech-heavy NASDAQ Composite dropped an even 10% over the same three trading days. As noted, NVDA stock has done even worse.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut Nvidia stock, too, has been here before. In the February/March selloff, it declined 38% in less than four weeks. By May, it had regained the losses -- and shortly after, reached new highs.An investor can go back to late...