If Guaidó comes to power and privatizes PDVSA, U.S. oil companies — with Chevron and Halliburton leading the pack — stand to make record profits in the world’s most oil-rich nation, as they did in Iraq following the privatization of its national oil industry after U.S. intervention.
Some experts have pointed out an alarming trend in which the U.S. Supreme Court is cutting off individuals’ access to the justice system. They say that if the court finds with Halliburton in a particular class action suit, it could be the final nail in the coffin.
WASHINGTON --- The U.S. Supreme Court this week heard oral arguments in a case that could overturn a quarter-century of precedent, severely weakening the ability of shareholders to band together to sue corporations over fraud.
The case brought against oil