July 31, 2014

U.S. Must Prevent Caribbean Energy Crisis

Schechter & Marczak, Global Public Square

The Associated Press

Chinese President Xi Jinping arrived in Caracas last week with a new $4 billion gift for a country desperately looking to external financing to keep its economy afloat. The catch? Venezuelan President Nicolás Maduro reportedly must send China an additional 100,000 barrels per day (bpd) of oil in addition to the more than 500,000 bpd of crude it is already providing to China.

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TAGGED: Caribbean, Oil, Natural Gas, United States, Venezuela

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