Venezuelan oil is heavy, making it
expensive to produce and refine; and analysts believe it will take many years, and billions of dollars, to increase output significantly.
As the Washington-based Institute of International Finance
put it last week: “While medium- to long-term upside to Venezuelan supply exists, the balance of risks points to a gradual and conditional recovery rather than swift normalisation, with the potential for renewed setbacks if political or policy frictions intensify.”
Oil is US president’s motivation but his concept of economic success feels as outdated as his music tastes
www.theguardian.com