Monday, May 30, 2011

US sanctions against PdVSA

In recent news, the US announced sanctions against Venezuelan oil company PDVSA. These sanctions came as a result of PDVSA supplying Iran with petrochemicals and other sources of energy, which is unsettling for the U.S. government due to fears of Iran stepping up its nuclear program. The opposition to the U.S.'s decision feels that this is just another imperialist decision and that if the U.S. were really mad, they would have enacted an oil embargo in Venezuela.

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