mercoledì 25 maggio 2016

Venezuela and oil

The price of oil has drastically rised. This occurred in coincidence with the demise of the Bolivarian government in Venezuale, and this is not casual. Price of oil was traken artificially low by Saudi Arabia in order (in their words) to outcompete noncompetitive producers - read to destroy the economy of Venezuela and cause the collapse of the government. Now the mission is accomplished and oil can return to healthier prices (still low, since it sholud reprzsent a stimulus for the struggling Western economies.

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