Is Venezuela stopping the export of gas and oil to the U.S.?

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Is Venezuela stopping the export of gas and oil to the U.S.?

2006-07-13 10:20:11 · 2 answers · asked by Scotman 1 in Business & Finance ➔ Corporations

2 answers

Not at all. And even if they specifically quit shipping oil to the US, it wouldn't matter. There is a global market for oil. If Venezuela won't sell oil to US, then someone else will. Venezuelan oil will just go to another buyer.

More importantly, I don't think they have the refining capacity to export gas anyway, so question might only pertain to oil.

2006-07-14 16:07:56 · answer #1 · answered by TheSlayor 5 · 0⤊ 0⤋

2006-07-14 14:11:20 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋