US contingency plan for a Venezuela oil cut off

United States Congress has begun considering consequences of a potential Venezuelan petroleum cut off given the country’s “political instability”.

The study looks at the effects on the U.S. economy of a possible interruption in petroleum supply, contingency plans, and how to cope and mitigate the negative impact of such an action said Robert Robinson, Managing Director for Natural Resources and Environment with the Government Accountability Office, the investigative branch of Congress.

MercoPress