I am pretty sure well run oil company could still operate profitable in Venezuela. It is no Saudi Arabia that is for sure, but I still think you can not blame a

I am pretty sure well run oil company could still operate profitable in Venezuela. It is no Saudi Arabia that is for sure, but I still think you can not blame all the problems on just oil export prices. I would agree that Saudi Arabia is not democratic or all that capitalist. Socialist don't have a monopoly on bad government. How well a country is set up you can see what happens when their main export tanks, Venezuela was clearly terrible and instead of reacting and adjusting, they started looting the big companies, enforce exchange controls, escalated inflation and did many other idiot things that hurt the country badly. We don't know yet how the Saudis will deal with this if it ever comes to that.