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lapfog_1

(31,707 posts)
2. there won't be any Venezuela oil money
Wed Jan 14, 2026, 11:10 PM
Wednesday

you need oil to sell for $75/bbl to make any sort of financial sense to extract, ship, and process the type of crude that Venezuela has.

Of course, Krasnov is trying his best to create an oil shortage ( Iran, Venezuela, etc ). But so far, the price remains below the needed amount.

What oil Venezuela does produce, usually goes to places like China, India, etc.. often where it is blended with sanctioned oil from Russia.

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