Venezuela at a breaking point?

originally posted by: dojozen
a reply to: Propagandalf

www.theguardian.com...
The Venezuelan economy has experienced 10 consecutive quarters of sustained high growth. This is due in large part to high public spending and private consumption, fuelled by high oil prices and historically low interest rates.

Those kinds of bombs, the world can live with...
What caused the price of oil to drop from $128 to $28?
Who controls the oil rules?

Oil at $100 a barrel or more was an artificially high price created by OPEC in the first place, and several factors caused the oil prices to crash. Venezuela has lots of oil, this is true, but it's very low quality crude, the cost to refine it is much higher. Venezuela as an OPEC member also knew the artificially high prices would only last for a short time, yet continued to rely on oil as there ONLY major export. They should have explored other avenues for exports, but they didn't. That is not the fault of the US, that is the fault of the Venezuelan government.

$100+ barrel prices aren't coming back, so talking about it really is a moot point.

a reply to: Propagandalf

That's how it always is.

Now there's going to be the constant trolling. Eventually, it will begin speaking to itself and posting woke memes.

originally posted by: dojozen
a reply to: Xtrozero

Did Nicaragua claim it was illegitimate?

That would make 5 that support V., if so, as you seem to have left them out your statistics .

It all depends...If you think the Government transitioning from failed farmer's socialist society, that was voted on, to a dictatorship that basically was not voted on as legit then so be it. I guess you found 5 countries that see it as OK since they themselves are not one would call a democracy anyways.

a reply to: Vector99

Wasn't there a flood of cheap booty oil after taking over Afghanistan and the pipeline built and after taking over iraq and it's oil supply that helped with the roller coaster pricing

Think the price timeline needs a referencing:




For sure the lack of a GDP and importing needs, was an issue...manufacturing a domestic made vehicles and other goods and services would have been great, if had not collapsed and suffered...

good news is IMF is considering a bail out...

a reply to: dojozen

I think you need to look at your own chart a little better, the recent oil price crash you are referencing has a box with an arrow pointing at the crash and the word in the box is "recession" not "Afghanistan war".

You seem to be avoiding fracking as another major part of oil price crash. As oil prices rose, alternatives were sought after, and fracking technology had a major boom. Once fracking started becoming cost efficient at around $45-$50 a barrel, the US had a major oil boom, and OPEC realized with the USA's newly realized potential for production and output that $100 would no longer last and they had no choice but to lower prices.

Now, that's not the only factor, but it is a major one.

originally posted by: dojozen
a reply to: Vector99

Wasn't there a flood of cheap booty oil after taking over Afghanistan and the pipeline built and after taking over iraq and it's oil supply that helped with the roller coaster pricing

Afghanistan oil production is basically zero, so no...lol Iraq had low oil production after the war due to much of their infrastructure was destroyed, so no on this one too... I wish there was oil booty for the trillions we spent.

a reply to: Xtrozero

Afghanistan was just for the pipeline deal, who became president of Afghanistan after taking it over?

Might be saving it for a rainy day, when can make a bigger profit.


3rd in reserves.

These countries account for two-thirds of total global oil exports.

Saudi Arabia. Officially known as the Kingdom of Saudi Arabia, the country of Saudi Arabia is the world's number one oil exporter and the country with the largest amount of oil reserves. ...
Russia. ...
Iraq. ...
Canada. ...
United Arab Emirates. ...
Iran. ...
Kuwait. ...
Nigeria.

www.investopedia.com...
Oct 28, 2018

How much oil is produced in Iraq?

If oil in the ground is money in the bank, Iraq is wealthy. Iraq can produce 2 billion barrels per year. At $100 per barrel, that oil would sell for $200 billion.
www.auburn.edu...

Does Iraq export oil?

Iraq was the world's 12th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves after Venezuela, Saudi Arabia, Canada, and Iran. ... In addition, crude oil export revenues accounted for over two-thirds of GDP in 2009.



Who owns oil fields in Iraq?

Baghdad, Iraq - While the US military has formally ended its occupation of Iraq, some of the largest western oil companies, ExxonMobil, BP and Shell, remain.

Just read there is a shortage of oil in the USA and may have to dip into reserves..

www.abovetopsecret.com...

you know, if he gets ousted and manages to escape, he will actually qualify to be a real political refugee. as his life will be in danger for political reasons. and since it is rather easily proven he could end up in any free country he can make it to and would have to be accepted as such.

a reply to: generik

Look at Zelaya in Honduras and the cout there and US involvement and how he was ousted in 2009..
reason many are trying to enter the USA and seek refugee status, is a result of USA involvement and regime changing.

How US policy in Honduras set the stage for today’s migration

theconversation.com...

originally posted by: dojozen
a reply to: Xtrozero

Afghanistan was just for the pipeline deal, who became president of Afghanistan after taking it over?

Might be saving it for a rainy day, when can make a bigger profit.

The pipeline deal was basically an internet generated conspiracy that evolved over time after Newsweek post an article call "it was for oil stupid"

a reply to: Xtrozero
oh sorry, can you provide a source to substantiate your comment,

maybe it was the poppy fields then and you are getting confused with strawberry fields and oil was not ever considered?

Though UNOCAL and Hamid Karzai and Pipeline control along with military base, sure was some fringe benefits and perks of the deal, got to admit///

originally posted by: dojozen
a reply to: Xtrozero
oh sorry, can you provide a source to substantiate your comment,

maybe it was the poppy fields then and you are getting confused with strawberry fields and oil was not ever considered?

Though UNOCAL and Hamid Karzai and Pipeline control along with military base, sure was some fringe benefits and perks of the deal, got to admit///

You ever seen a poppy field? ...I spent over a year of my life there, how much time have you spent anywhere outside of your google search?

Actually Afghanistan is more about minerals as in they have 20 trillion dollars worth just waiting to be mined...lol

a reply to: Propagandalf

Ah. I see. The minority view held by legitimate international observers who were there is the propaganda. Meanwhile the standard US narrative, mass produced and hawked to the ignorant, produced by a nation with a vested interest in Venezuela’s failure, is the true version. Doubtful. But feel free to continue your allegiance to the war machine.

a reply to: Xtrozero

What I am seeing are political protest in the country. And a bit of research it starts to come clear, and unfortunately it may come down to the question of one group to determine the fate and outcome of this, and that is the military. Right now the military and national guards in the country support Maduro. If the opposition can sway the military, things may calm down, but that is highly unlikely. What we could be looking at is the start of a civil war, and no one should get involved in that at all, as it could spread to the other countries in the region and be highly volatile,

Now while it may seem like a good idea for the local governments to march in, however, that may not be a good idea, as Maduro has been working on strengthening its alliances with Russia and that may be a wild card that could come into play. The Russian’s using one of the military airbases for a stop over and refueling flights, may decide to give Maduro more assets that he could use to not only support the military, but also aid, in the way of men and materials, in an attempt to help him out, and in exchange for concessions that Maduro would be willing to make.

If Columbia and Brazil decide to get into a shooting war with their neighbors, it could be very bad for the region and thus destabilize the region, nothing unites a country like an attack from an outside country.

originally posted by: sdcigarpig

If Columbia and Brazil decide to get into a shooting war with their neighbors, it could be very bad for the region and thus destabilize the region, nothing unites a country like an attack from an outside country.

I don't think it would be much of a war, they are the two power houses in the area, and the people might come out better off in the end...Colombia is actually really nice now and doing good.

a reply to: Xtrozero

Actually it would be very bad for the region. In the past wars and conflicts tend not to stay in the country, but often will go into other countries back and forth across the borders. This was seen with several the civil wars in the past during the 80's where the groups would move in and out of the various countries, wrecking havoc in both country and causing alot of suffering.

But as I stated, it will come down to the military and the national guard of the country, and who they support. If they support Maduro, it will go on until he can come up with a means to use them to put down the opposition. If they side with the opposition, it will go badly for Maduro, and he will be removed from office.

If the EU wants a bloodbath in Venezuela , go ahead ... but it will never be able to install "Guido" and will never get a drop of oil or a cubic inch of gas.
Only authority that holds power and provides oil and gas contracts is Maduro's government.

I guess that's too bad for the Quick-fingers who recognized the coup that never was !

Amazing amount or resources invested
I mean even a dedicated base! Where the undercovers masquerade as native Lebanese-Caribbean populus:

www.trinidadandtobagonews.com...