Myra P. Saefong of MarketWatch.com interviews Money and Markets editor Sean Brodrick.
With tension between Venezuela and the United States increasing every day, what better way for the Latin American country to start cutting loose from its biggest oil customer than to team up with China, the second-largest oil consumer in the world?
“Venezuela’s conventional oil reserves are pegged at around 80 billion barrels, but the country believes it has some 235 billion barrels of recoverable deposits in the Orinoco Belt”, according to Sean Brodrick, a contributing editor at MoneyandMarkets.com.
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