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The article is more or less on the money, but the current deal between Saudi Arabia, Russia, and tacitly US producers is to stabilize prices at $50/barrel. This price level will not sink Russia or Iran, will keep the US frackers working and making money, will keep the Chinese happy, and will keep Venezuela with enough income to pay its debts in oil (primarily to China) but not to feed its people. This is one reason the big banks, and ipso facto the Trump administration, do not want the Maduro government to fall. He is committed to payment no matter what whereas the opposition is not trustworthy when it comes to paying what is due the banks (or anything else.9 Anthony _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
