Socialism to blame for economic downfall of oil-rich countries, says energy expert
By Henry Fernandez
Published May 15, 2019 - Capitalism vs. Socialism - FOXBusiness
Iran’s oil production cut drastically by US sanctions: ClearView Energy managing partner
ClearView Energy managing partner Kevin Book on the rising tensions between the United States and Iran.
The oil-rich countries backed by socialist Opens a New Window. governments have overseen a long economic meltdown due impart to the lack of private sector investments.
“The polarization of those economies is really the fundamental flaw because you have no economic incentive for private actors to invest successfully in Venezuela,” ClearView Energy Partners managing director Kevin Book told FOX Business’ Liz Claman Opens a New Window. on Wednesday.
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READ MORE: https://www.foxbusiness.com/energy/socialism-to-blame-for-economic-downfall-of-oil-rich-countries
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