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In reply to the discussion: Edward Snowden 'leaves Hong Kong on Moscow flight' [View all]Benton D Struckcheon
(2,347 posts)Whatevs. Their output is around 2.3 million or so. 640,000 is nice but hardly means they wouldn't be crippled if they lost their exports to the US. Maybe in a few years, but even so, they are always facing the problem that, unlike Ecuador, they're not on the Pacific. The other major problem they face, of course, is that unlike Ecuador, they are entirely dependent on oil for their export earnings, a problem no Venezuelan pol of any political stripe seems to acknowledge. From my travels here on DU, the folks who idolize Chavez seem not to understand that Venezuela doesn't have anything remotely resembling a self-sustaining economy. If the oil price drops tomorrow to 60 or so, they're broke. That's their main problem, and always will be.
As for the US, that grade of crude can come from any number of sources. Venezuela is convenient, but not necessary.