It will be interesting to see which winds down first: Venezuela’s debt to Conoco, or Venezuela’s ability to barter it down.
OIL FROM A STONE: Conoco Is Collecting $2 Billion From Venezuela—One Barrel of Oil at a Time. Conoco has received an initial payment of $345 million in the form of “cash and commodities” from Venezuela’s state-run oil company, the Houston-based company …