70 pc of Venezuela is w/o power for the last 4 hours Officials claim sabatage b4 national protests

Hmmm........ We might possibly have a timeline for then the feces finally hits the fan.

US to Withdraw Remaining Staff From Venezuela Embassy.

In a troubling sign of potential imminent escalation, the US announced late on Monday night that the remaining diplomatic staff at the American embassy in Venezuela will be withdrawn by the end of the week, citing the ongoing and deteriorating political and humanitarian conditions in the socialist nation. Cited by Fox News, secretary of State Mike Pompeo's announcement came as Caracas grapples with continuing power outages and protests amid a deepening political crisis.

originally posted by: Blaine91555
a reply to: UncleTomahawk

You can't help yourself can you.

What is your version of how Venezuela, that should be a wealthy country, went downhill so fast? What's the UncleTomahawk version of Venezuela's history?

There will be a pop quiz on Friday.

ETA since you edited -

You're not aware of the fall of the USSR and it being replaced with Russia's current system of capitalism? You don't know about China incorporating capitalism into it's system? You really need to catch up.

Their trouble really started when the price of oil went from $100+ to $40 per barrel.

a reply to: UncleTomahawk

Who supplied the photos? How many journalists have been jailed in Venezuela recently?

Quite a few ...

Not only does Venezuela apparently lead Latin America in journalists jailed, but am seeing French, German and American journalists jailed and detained there since December 2018.

The Last Opposition Station is No More.

Their trouble really started when the price of oil went from $100+ to $40 per barrel.

Their trouble was thinking stupidly that oil would always stay that high. Something was always going to give. Either a new energy source was going to come in to compete with oil or new means of recovering petroleum were going to become financially viable.

OPEC was crazy to think they could retain a global monopoly on the world's energy reserves forever. They got greedy and they killed their own goose.

Venezuela's troubles are bigger than low oil prices. Why wasn't their economy diversified, for example? Chavez took control and stupidly assumed he could ride oil to power forever. He never planned his economy beyond that or to do anything else other than that, and he and Maduro both discovered that it alone was insufficient to run their country.

And that is where their troubles really began.

Central control and planning don't allow for a market to respond by diversifying itself, and authoritarian government controls that simply appropriated property made investment in Venezuela too high of a risk for businesses to get involved there.

originally posted by: sligtlyskeptical

originally posted by: Blaine91555
a reply to: UncleTomahawk

You can't help yourself can you.

What is your version of how Venezuela, that should be a wealthy country, went downhill so fast? What's the UncleTomahawk version of Venezuela's history?

There will be a pop quiz on Friday.

ETA since you edited -

You're not aware of the fall of the USSR and it being replaced with Russia's current system of capitalism? You don't know about China incorporating capitalism into it's system? You really need to catch up.

Their trouble really started when the price of oil went from $100+ to $40 per barrel.

..and yet oil companies around the world are still doing just fine. Their issues are much deeper than just oil.

originally posted by: Blaine91555

originally posted by: sligtlyskeptical

originally posted by: Blaine91555
a reply to: UncleTomahawk

You can't help yourself can you.

What is your version of how Venezuela, that should be a wealthy country, went downhill so fast? What's the UncleTomahawk version of Venezuela's history?

There will be a pop quiz on Friday.

ETA since you edited -

You're not aware of the fall of the USSR and it being replaced with Russia's current system of capitalism? You don't know about China incorporating capitalism into it's system? You really need to catch up.

Their trouble really started when the price of oil went from $100+ to $40 per barrel.

..and yet oil companies around the world are still doing just fine. Their issues are much deeper than just oil.

Yes there are also the sanctions.....


We should all face the fact that the more energy independent we become the more those countries that we rely on for oil will become destabilized.

Maybe they should be more iron fisted like saudia arabia? They found the solution to their poverty is found in the way such is reported.

originally posted by: sligtlyskeptical

Their trouble really started when the price of oil went from $100+ to $40 per barrel.

I did a post a few years ago explaining what each country needed for price per barrel to be healthy and I think Venezuela came in at the top at around 160 per barrel needed with their socialized system that has little private tax income to support. Russia was 110, Canada was 90 and we see both of those countries hurting too.

a reply to: UncleTomahawk

Middle Eastern countries are going to have a tougher time because they are in the middle of a desert, but Venezuela is in the middle of a green, living, healthy zone. There are all kinds of ways it could have and should have diversified its economy. That it didn't was no one's fault but the fault of the central planning that decided oil was by itself sufficient to carry the weight of everything.

Is there something the prevents the people of Venezuela from developing another industry or industries to lean on when oil prices are low?

originally posted by: ketsuko
a reply to: UncleTomahawk

Middle Eastern countries are going to have a tougher time because they are in the middle of a desert, but Venezuela is in the middle of a green, living, healthy zone. There are all kinds of ways it could have and should have diversified its economy. That it didn't was no one's fault but the fault of the central planning that decided oil was by itself sufficient to carry the weight of everything.

Is there something the prevents the people of Venezuela from developing another industry or industries to lean on when oil prices are low?

What industry would that be? Maybe they could raise franken salmon? I hear coffee is out since other countries get our business for that.

Will the usa even allow anyone else to buy the oil from them? nope!

I hear that russia would love to have the oil but we will not allow it.

It is a bad situation where we are not owning up to our responsibility that stems from years of meddling.

Maybe we could bribe our collages to let their displaced yutes in?

a reply to: UncleTomahawk

You realize their oil is about 150% more expensive than the market calls for, right? How about the fact that VZ oil is low-grade crude that almost nobody wants anyway?

It's easy to blame the US when you're economically illiterate.

a reply to: ketsuko

They had a huge diverse industry. We imported (still do) many products from Venezuela due to our close proximity (18 miles) to them. They variation of products has decreased and lots of their companies have either gone bankrupt or have been confiscated by their government during the last 15-20 years.

Nationalization of the oil was just the start, but all of these tin-pot dictators have short shelf lives. Once one dies their successor had better be ready for the challenges of their authority. They have no mechanization on changes in leadership, its often violent

Maduro wasn't and now we have a destabilized country that needs to be watched

Sorry I couldn't resist..

originally posted by: projectvxn
a reply to: UncleTomahawk

You realize their oil is about 150% more expensive than the market calls for, right? How about the fact that VZ oil is low-grade crude that almost nobody wants anyway?

It's easy to blame the US when you're economically illiterate.

Propaganda much?

Yes other countries want their oil and we will not allow for such.

Russia would love to get their hands on the stuff. ( eta looks like india is the second largest buyer of their oil )

As for their other ventures countries like taiwan and others have put a stop to much of the products coming to the usa from down south.

We have a vested interest to buy from countries from the south in order to help their economies yet we choose to save a quick dollar and buy from other places then we spend several dollars dealing with the fallout of our cheap ways.

Now they are heading up to the usa in droves and our answer is to put up a wall but that only steers them to texas. Think about what happens when texas begins to get an influx of dem voters. The gop loses the big race over and over once texas is blue.

Who in the heck is running this show anyhow?

Crazy things are happening. The dems come out with a green new deal that wants to stop air travel and then a couple weeks later everyone is calling for the grounding of aircraft. We are being herded.

a reply to: UncleTomahawk

No not propaganda. Nothing I said is untrue. No one is going to pay 150% more for low grade crude.

originally posted by: projectvxn
a reply to: UncleTomahawk

No not propaganda. Nothing I said is untrue. No one is going to pay 150% more for low grade crude.

Except people are paying for their oil. I am not sure about prices but the usa is trying to prevent countries from buying the oil so that gweedo can take over.

They sell all their oil and the claims that the government take over of the oil industry caused problems that ruined their economy is unfounded in reality. The pulled around the same amount out of the ground as they had been.

The only difference is that many Americans lost their jobs there and that began propaganda against their government on the issue.

I am in no way in love with the government there but i do like to see the truth in matters.

a reply to: Blaine91555

We should probably stick to the topic of this thread, which is Venezuela's failing infrastructure caused by a socialist dictator.

Thats pretty limited on your behalf. We are both aware that the deep state has a long and active role in destabilising oil rich regimes of the wrong political governance.

It has been systematic in this for decades and its well documented. But this time you think its difference.

Trot on my friend

Trot right on!

originally posted by: TheJesuit
TBH that's a serious coordinated effort to plunge the entire Country in to darkness you would have to be an engineer in utilities with familiarity with the structure of the grid to hit all the weakest points to cause cascade failure like that !!!

State sponsored?? or Self imposed??

Agreed!!!

It’s sooooo predictable!!!!!

originally posted by: TheBandit795
a reply to: ketsuko

They had a huge diverse industry. We imported (still do) many products from Venezuela due to our close proximity (18 miles) to them. They variation of products has decreased and lots of their companies have either gone bankrupt or have been confiscated by their government during the last 15-20 years.

Exactly! They had, past tense, the kind of economy that could have survived the downturn in oil, but Chavez and later Maduro killed those other industries off either by confiscating entire sections of the economy outright in order to "fix" things and through inept policy that ruined what they didn't confiscate.

If I were Galloway, I wouldn't be worried about the situation surrounding the Lima group meeting about Venezuela.
They aren't going to come up with anything viable ... no chance to remove Maduro !

August 6, 2019

The U.S. is cranking up pressure on Venezuela. A new EMBARGO just went into effect.

Sober Explanation: www.ropesgray.com...

MSM Explanation: www.cnn.com...