Reading an article, three values jump out:
$100B to revitalize Venezuela.
65B barrels of oil.
$200B revenue to VE.
Petroleum can be worth $40-110/bbl. Cost plus $1.30 is a nifty profit margin as seen from this side, but extractive a.f.
Colonizer treatment was horrid the first time — poverty brought Chavez / VE to power; then he nationalized the industry in ‘99 and necessary expertise fled after that, so that extreme’s horrid, too. Could we try a balanced path?
Why’d such a ‘good deal’ get “Friday News Dump” treatment? Perhaps because these usurious terms prove VE is a puppet regime.