what isn't so obvious from that article is: which oil are the cited taxes referenced to? I believe most Venezuelan oil is much heavier than WTI or Brent and sells at a substantial discount to those oils.
it's loony either way but it would be truly impressive if he's referencing the tax to a non-Venezuelan crude.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.