Troops bearing insignia associated with Russia's Wagner Group have been observed among Venezuelan security forces during protests following the July ...
Isn’t the whole point that oil is easy for anyone to exploit, including backwards dictators? Unlike say, semiconductor manufacture which requires complex processes and therefore a functioning society
Not always, Venezuelan oil requires high investment and gives low return, so it requires a competent government who can keep a level of education/safety and/or can let expertise flow in with an expectation that they will get a long term return. At this rate neither are going to happen and Venezuela is fucked unless China goes all in.
Isn’t the whole point that oil is easy for anyone to exploit, including backwards dictators? Unlike say, semiconductor manufacture which requires complex processes and therefore a functioning society
Not always, Venezuelan oil requires high investment and gives low return, so it requires a competent government who can keep a level of education/safety and/or can let expertise flow in with an expectation that they will get a long term return. At this rate neither are going to happen and Venezuela is fucked unless China goes all in.