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h2o in reply to @fredtc

how much of the situation in Venezuela to do with issues with their government and how much is to do with British and US interests in their oil reserves?

Approximately 100% the former and roughly 0% the latter.

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Bernhard in reply to @h2o

I agree with this, the only thing the British and US gov's want Venezuela to do with their oil is keep it in the ground to help drive up the price!

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h2o in reply to @Bernhard

OPEC is the one asking for production restraint to prop up prices, for the record. And some US refiners need Venezuelan heavy crude because that's what their facilities are configured for.
See for eg this article - http://www.argusmedia.com/pages/NewsBody.aspx?id=1493622&menu=yes (NB: trade press).

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