Politics of Energy Message Board

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Politics : Politics of Energy

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To: Brumar89 who wrote (79682)	12/20/2017 9:06:21 AM
From: Brumar89	Read Replies (1) of 86355

Venezuela's Oil Industry Staggers Closer To Collapse: A Positive Catalyst For Oil ...... The situation in Venezuela has reached a breaking point and despite support from Russia, it is difficult to foresee Caracas being able to reinvigorate oil production or meet its financial obligations. Those pressures will only cause maintenance on refinery and field infrastructure to decline further creating a vicious cycle of falling production and deteriorating income for Caracas as well as PDVSA causing investment in maintenance to diminish even further. ...... seekingalpha.com Russia and China prop up horrible regimes like NK's, Cuba's, and VZ's. Shame.

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