70 dollar price point for barrel squeezing lifeblood out of Venezuela

Posted on November 17, 2014 • Filed under: Economy, Oil, Venezuela

washintonpost.com reported Venezuelan oil, the lifeblood of the leftist revolution entrusted to Maduro by the late Hugo Chávez, was worth $97 a barrel then. Now it’s middling around $70, and with every dollar it dips, Venezuela’s export-dependent, popularity-challenged government loses $700 million a year. Read Article

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