From oilprice:
Venezuela: oil production could go to zero. Consider the source. A reader brought this article to my attention; thank you. My reply:
This is a very, very interesting story. Of course, it was a number of factors that drove this, but at the end of the day, China, Saudi Arabia, Canada, Mexico, and the US are all benefiting from this development. I think there is more concern that Venezuela will someday get its act together and actually start producing oil in large volumes again. Truly amazing.
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