The sanctions on Iran(also a Petro Economy) has been going for 4...

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    The sanctions on Iran(also a Petro Economy) has been going for 4 decades but it has
    not set it broke yet. IMO oil like dope is a very lucrative product and those addicted will get
    it (at a price) by "Hook or by Crook". Venezuela is a different kettle of fish because it was
    entirely dependant on mostly US multinationals for extraction.

    IMO, now that Russia is on the "outside" in the oil market, it will pour Billions into Venezuela
    and feed the 3rd world with oil for cash
 
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