- Joined
- Mar 19, 2008
- Messages
- 16,441
I remember reading that oil in Venezuela is particularly difficult to extract compared to in various other countries. Which means that it's inherently going to be disadvantaged when oil prices fall etc. Not that US sanctions have likely improved their fortunes, mind.
Here’s Ken Livingstone being corrected on his claim that it’s all due to the sanctions, but I wonder if the presenter has it right?