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The Fallout from Ukraine: Iran Talks Stalled; U.S. Woos Caracas?

Hold Your Fire!

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Venezuela and Oil

Venezuela has the largest oil reserves in the western hemisphere, they claim. They have been subject to sanctions during this period of crisis. The decision to stop importing russian oil to the united states was really what triggered this move. It's producing a fraction of what it used to produce. And in the best of circumstances,. we're only talking about maybe a couple of hundred thousand barrels additional per day to toWhat the us is receiving.

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