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Venezuela’s “Oil Fire Sale” To Benefit Russia, China
A much-abbreviated follow-on article related to to Snowy's comment on Friday.[OilPrice.com] Venezuela is now on the brink of total collapse. As you’ve seen before here in Oil & Energy Investor, national oil company PDVSA looms large in this unfolding crisis. The focus is the company’s ability to pay bond interest due in two months. Doing so is crucial. But as of this morning, that prospect is dwindling. Along with it goes the ability of the central government to administer an entire population and avoid the country descending into outright civil war. Posted by: Pappy 2017-09-17 |
| http://www.rantburg.com/poparticle.php?ID=497474 |