Quote:
Originally Posted by devine
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. |
dude I stated only facts, which you should know, if you do economic research there. you didnt provide any reply to my facts.
Quote:
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Originally Posted by teomax
He isnt even able to pay most 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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when it comes to the OPEC limits, there was only one country (venezuela) unable to raise production while being able to do that with rising prices. Most OPEC memebers officialy cheated on their quotas with high oil prices - and it was not problem for OPEC at all.
again, what are your cold hard facts against my facts...
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Quote:
Originally Posted by devine
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.
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just one argument, which proves you are talking bullshit against your last fact
http://en.wikipedia.org/wiki/Economy_of_Venezuela
"From the 1950s to the early 1980s the Venezuelan economy was the strongest in South America" and "During Jimenez' dictatorship from 1952 to 1958, Venezuela enjoyed remarkably high GDP growth, so that in the late 1950s Venezuela's real GDP per capita almost reached West Germany's GDP per capita."
and
"From 2002 to 2003 there was a sharp drop in investment and a general recession. Total GDP decreased 18.5% in 2002 and 2003. This was the steepest decline in Venezuela's history. The hardest hit sectors were construction (-55.9%), petroleum (-26.5%), commerce (-23.6%) and manufacturing (-22.5%). In 2002, the Venezuelan economy, as measured by Gross domestic product (GDP), contracted by 8.9%."
theres your best times of Venzuela economy and your myth of continued growth under Chavez