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Latin America

Socialistlemur

(770 posts)

5. Venezuela oil trade background

Reply to Cooley Hurd (Reply #1)

Thu Jul 18, 2013, 04:16 PM

Jul 2013

Russia wouldn't buy Venezuelan crude because Russia is the worlds biggest producer (or maybe it's two right now). China would but the oil transportation cost punishes Venezuela. Venezuela has difficulties selling oil to Europe due to oil quality issues.

The threat is garbled by the media: the USA exports fuel components to Venezuela. And very few alternatives exist if the supply is cut off cold turkey.

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Highlight:

US Threatens To Eliminate Trade With Venezuela If It Provides Snowden With Asylum [View all] Catherina Jul 2013 OP

I'm sure China or Russia would be happy to buy the oil we won't be buying anymore Cooley Hurd Jul 2013 #1

Talk about cutting off your nose to spite your face. no_hypocrisy Jul 2013 #2

Venezuela oil trade background Socialistlemur Jul 2013 #5

Ven doesn't have the refining capability either so they Bacchus4.0 Jul 2013 #6

Crazy hearing someone is actually claiming power over the entire world. Judi Lynn Jul 2013 #3

Experience is an expensive teacher Demeter Jul 2013 #4

Walk softly but carry a big stick Zorro Jul 2013 #7

Here's the link to Spain's ABC article. Catherina Jul 2013 #8

That's it! Double down! Use everything! Let them all know who's really the boss. nt bemildred Jul 2013 #9