By Micah Halpern
I've Been Thinking:
Venezuela is suffering from a crippling shortage of oil. Considering that Venezuela is a member of OPEC and was once one of the world’s largest producers and supplier of oil and that Citco was once Chavez’ oil company – this is not a predicament anyone would have expected for Venezuela.
There are many reasons explaining why Venezuela is now in such dire straits. Most important is that the United States has made it clear that the Venezuelans have not been playing nicely when it comes to Foreign affairs. Nicolas Maduro has been a flamboyant and aggressive anti-US propagandist.
Venezuela needs help – and Iran is coming to their rescue. Iran, as we all know, is also in the diplomatic doghouse with the United States.
Iran has already sent oil tankers to Venezuela, I’ve written about that several times.
Now, they have launched a flotilla of 10 tankers headed to Venezuela to help further relieve the oil crisis.
Venezuela’s crisis will be eased, but the Iranian inspired crises in the Western world will be heightened.
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