Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil ...Middle East

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Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil
source : OILPRICE ( Middle East ) () 38
The United States is rushing to sell off millions of barrels of Venezuelan oil after the Trump administration ousted and detained leader Nicholas Maduro on January 3. Trump has been extremely vocal of his plans to capitalize on Venezuela’s oil reserves – the largest in the world – and build his “very own oil empire” capable of going toe-to-toe with OPEC.  Already, the United States Department of Energy is organizing the sale of about 50 million barrels of oil that the United States seized from Venezuelan tankers…

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