Venezuela’s oil exports to the United States remain the primary cash resource for its state-owned oil company, and efforts by the United States to cut off that revenue would likely force it to send crude to China, India or other Asian countries. U.S. refineries that depend on Venezuela’s heavy crude would have even more trouble securing supplies as Canadian and Mexican crude are often not as discounted and are limited in availability. The United States has considered moves to cripple Venezuela’s oil shipments, which account for nearly all of the country’s exports, in response to the reelection of socialist President Nicolas Maduro, a vote that was widely viewed as a sham. However, it has not yet taken that step, […]