Oil priced between $20.00 and $30.00 cannot be good for Iran or Venezuela either.
Venezuela has already folded. The socialists thought they could pump oil and buy 51% of the vote forever. When the price dropped, they couldn’t afford the social spending anymore. Voters voted them out.
Nor Russia.
Venezuela seems to be making money in other ways.
American Airlines writes off $592 mln trapped in Venezuela
http://finance.yahoo.com/news/american-airlines-writes-off-592-134747157.html