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Tag: pdvsa

US Politics

The Venezuela Oil Dilemma: Trading Principles for Petroleum

The US Treasury Department has eased sanctions allowing American companies to do business with Venezuela's state-owned oil and gas company PDVSA in an effort to boost world oil supplies during ongoing conflict with Iran. While potentially stabilizing global markets, this move poses serious ethical dilemmas in effectively rewarding an authoritarian regime accused of human rights abuses and corruption.