undefined | Better HN

0 pointsgeysersam3y ago0 comments

Why do they export it then? Because abundance of energy is not the only kind of poverty there is.

0 comments

2 comments · 2 top-level

In Venezuela's case it's because they don't have refineries that can process their heavy crude. What else would they possibly do other than export it?

klabb33y ago

Because of corruption and foreign interference, same as with any other form of asset. I don't see any conflict with the thesis of the article.

j / k navigate · click thread line to collapse