[mac_truck]

and what cut is Russia expecting?

Unlimited access to Venezuelan seaports and airfields for Russian military vessels, submarines, and bombers.

[headstamp 2]

“Unlimited access to Venezuelan seaports and airfields for Russian military vessels, submarines, and bombers. “

That’s exactly what this is. They are buying access to Venezuela’s real estate.

[GeronL]

that would figure

[WellyP]

Venezuela needs $117 USD/barrel oil to balance it’s budget, Saudis $106, Nigeria $122, Iran and Algeria $130 and Libya $184! Mexico is slightly off needing $79 crude to balance their budget.

Good read: http://www.bbc.com/news/business-29643612

http://www.worldbank.org/content/dam/Worldbank/GEP/GEP2015a/pdfs/GEP2015a_chapter4_report_oil.pdf