Post
Topic
Board Tokens (Altcoins)
Merits 1 from 1 user
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
happyminer1
on 06/03/2018, 15:55:37 UTC
⭐ Merited by STT (1)
If they can take this strain, then maybe volume of production and sales can rise and margin discount lowers to Venezuela's benefit.

This is quite unlikely. IEA, Barclays expect Venezuelan oil production to go down further. To around 1.35 million b/d in the second half of 2018 and than down to 1.1 million b/d.

https://oilprice.com/Energy/Crude-Oil/How-Far-Can-Venezuelas-Oil-Production-Fall.html

http://www.economiahoy.mx/internacional-eAm-mexico/noticias/8982130/03/18/La-crisis-en-Venezuela-destruye-su-tesoro-nacional-la-produccion-de-petroleo-caera-a-niveles-de-1940.html