Cash-strapped Venezuela, which has the second-largest oil reserves in the world, after Saudi Arabia, and relies on oil for 95 percent of its export revenue, has been hit particularly hard by plummeting global prices. Still, it’s hard not to read a commodity-sharing deal proposed by nearby Trinidad and Tobago’s prime minister as anything but humiliating. Joshua Keating Joshua Keating is a staff writer at Slate focusing on international affairs. At a news conference Tuesday, Prime Minister Kamla Persad-Bissessar suggested that her government would “purchase goods identified by the Government of Venezuela from T&T’s manufacturers, such as tissue paper, gasoline, and parts for machinery,” and trade them for Venezuelan oil. It’s not clear if the Venezuelans are open to the deal, but they certainly need […]