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Friday, January 29th, 2016  |  USD: Buy 531.29 / Sell 543.92
20 years

US warns that if Venezuela ends oil subsidy for Central America, Caribbean countries, it can’t step in

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The VIII Petrocaribe Summit was held in Nicaragua in 2013. Nicaragua has been amongst the beneficiaries of subsidized Venezuelan oil. (Photo: EFE / 2013 / Archive)

The VIII Petrocaribe Summit was held in Nicaragua in 2013. Nicaragua has been amongst the beneficiaries of subsidized Venezuelan oil. (Photo: EFE / 2013 / Archive)

December 10th, 2015 -

WASHINGTON — If the newly elected Venezuelan National Assembly votes to cancel that country’s program of subsidized oil sales to Caribbean and Central American nations, the United States will not be able to substitute U.S. oil for Venezuelan oil, a senior U.S. official said Wednesday. Deputy National Security Adviser Ben Rhodes said that the U.S. might…

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  • richard schlinder

    The U.S. can’t even find the definition of WAR.
    From whom does C.R. buy their oil??

    • gc

      oil and all it’s derivative products are purchased by the state on the open market. you will never get the details on deals made however the products and amounts are open to public view. without demand knowledge investors will not participate .

      http://www.eia.gov/dnav/pet/pet_move_neti_dc_nus-ncs_mbblpd_m.htm

      • richard schlinder

        Thanks for the info.gc.and the invite. I am intrigued. But staying on my farm with critters has it’s priorities.
        I thought of going to Syria to buy a hotel somewhere near the Russian embassy. I heard property is cheap there.

      • richard schlinder

        gc. you might want to click on to my profile and check my writings on digital currencies I sent to Kelly because they asked.
        Than you can weigh in on me. Pura vida.

  • reefraff9

    Suck it up, Caribbean. No oil from the US! That could be used to improve the lives of common citizens. However, if you’d like to buy some weapons, have us train your military or police, or accept more of a DEA presence…

    • gc

      the current market price is less than most subsidized prices to ALBA. however your USA dirty deed mentality is cute. Halliburton BOO!

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