Iran’s Top Customer China To Ignore U.S Call For Oil Ban


In reference to the above, according to Reuters in the past week Venezuela has been having its oil tankers go to Cuba to avoid asset seizures and tankers waiting in Venezuela’s ports would take weeks to fill due to how many oil tankers (ships) are backed up waiting at ports in Venezuela. The debt Venezuela owes China was just one of the situations presently facing Venezuela’s oil industry.

Personally feel sorry for citizens of Venezuela who are caught in the middle of the economic crisis there created by Venezuela’s dictator, with both Reuters and the WSJ reporting inflation in Venezuela is expected to exceed 1,000,000% this year. Can’t imagine what 1,000,000 percent inflation would be like!