Posted on 05/28/2015 2:49:31 PM PDT by Oldeconomybuyer
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
Russia is trying to own Venezuela, lock, stock and oil barrel.
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