Streaming Media
Publication Date
Spring 4-22-2025
Presentation Length
20 minutes
College
Jack C. Massey College of Business
Department
Economics and Finance
Student Level
Undergraduate
Faculty Mentor
Colin Cannonier
Metadata/Fulltext
Fulltext
Presentation Type
Talk/Oral
Summary
Abstract
7 Venezuela provides one of the world’s largest oil supplies, yet accounts for a relatively small 8 proportion of the global supply. Despite the low output, Venezuela and its oil may exhibit greater price 9 risk premiums, which will help us answer the questions: “Why would a country with such low output and 10 a limited production share cause global markets to react so strongly? What domino effect does this cast 11 onto other economic sectors?” 12 Our goal for this study is to assess whether U.S. intervention has generated measurable effects on 13 equity returns and the oil industry. We hope to provide a baseline for future research on how American 14 geopolitical action in other countries, specifically Latin and South America, will influence American 15 economic policy and growth. By studying recent global events, our group aims to encourage political and 16 economic dialogue to accurately analyze current events, linking macroeconomic concepts with 17 geopolitical implications. 18 Our proposed empirical approach focuses on two linear regression models that analyze both the 19 domestic American stock market and global oil markets’ growth or decline, before and after the election 20 and detention of Nicholas Maduro, and the impact this has on other industries such as energy, automotive, 21 and agricultural sectors.
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