We're students blogging research on "Venezuelan Oil" Spring 2011 in Prof. Tom O'Donnell's OSU (The Ohio State) course on Global Oil and Geopolitics (501 Social Studies/Science/Economics).
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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