Venezuela Halts Oil Shipments To Europe, Demands New Concessions

The writing is on the wall for Europe in terms of this coming winter – It's going to get ugly.  With natural gas imports from Russia cut by 80% through Nord Stream 1 along with the majority of oil shipments, the EU is going to be scrambling for whatever fuel sources they can find to supply electricity and heating through the coming winter.  Two sources that were originally suggested as alternatives were Iran and Venezuela. Increased Iranian oil and gas exports to the west are highly dependent on the tentative nuclear deal, but as…