Will private equity revive Venezuela's troubled oil sector?
submitted 2 years ago by HibikiBlackCaudillo from (oilprice.com)
[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
Venezuela has dirty crappy low quality oil and they nationalized refineries once owned by foreign oil companies. Corporations are stupid but they are not stupid enough to invest good money after bad.
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[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)