Quote:
Originally Posted by teomaxxx
ha, ha. thats really funny. watch Chavez go down in flames with oil for 40 bucks.
He isnt even able to pay western oil service companies for around 4 months and just seized up one huge oil rig (brought from US to the Columbia) as the company refused to work for them when they dont pay.
Under his leadership the oil production went down from 3mb to 2mb daily, while they have a great possiblity to produce much more...
and what is he going to do with low oil prices? I read sometimes in the past:
"Venezuela to seize gold concessions as oil falls, Chavez says"
this wont help him at all, but it shows that he is really getting desperate..
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I don't feel like explaining the mechanisms of basic economy and within that, oil prices. Let's just say a single keyword: OPEC. Research and learn.
Anyway, as I said, I don't defend Chavez himself, I just use objectivity and numbers, and that gives me an OBJECTIVE view of economical processes, at least as much as I can. All your subjective views means nothing in real world, I'm talking about hard cold numbers. Hard cold numbers says Venezuela had a continue growth since Chavez got elected, something Venezuela never experienced in its entire history.
This being said: Are you aware that Venezuela had oil before Chavez, right? are you aware that Venezuela is one of the founders of OPEC, and as a matter of fact OPEC an idea of Venezuela's former Minister of Energy Juan Pablo Perez Alfonso? If you are aware of that, maybe you'll be aware of Betancourt's commitment with the "Big Sisters" which caused the fall of Perez Alfonso in Venezuela and Saudi Arabia's Abdullah Tariki, commitment that consisted in Venezuela being just a crude oil exporter with no refineries and set prices with a "cut line", situation that continued until Chavez. Once he decided to not recognize that commitment made almost 50 years ago, and build their own oil transport ships and their own refineries, then he became public enemy #1 to CIA, not because he's a dictator or anything, just because he defends Venezuela's oil production. So, as you can see, not only you need the numbers, but you need contextualization (did you ever hear the terms "Cold War"?), macro economy knowledge, political history and geo strategic knowledge to understand just a little bit of what's going on. And no, I don't have all that knowledge, but learn from people that have it and researched for decades on the subject.
btw, Chavez didn't go further than Bolivia's Morales, Ecuador's Correa or Argentina's Kirchner, yet you don't hear anything about them, even though there's a very clear risk of an energetic crisis and political revolts. Why? Because they don't export oil to US. And just so you know, US is the main commercial partner of the "dictator". But who's counting...
