Venezuela

[masen]

Why do we want to create a civil war here? Divide and conquer still seems to be the way. Who is behind this disaster other than the greed and selfishness of the rich? Maybe millions will die, from our insanity. The UN is next to useless, or should I say part of the problem. Its veto votes are still allowed after 70 years, this is not democratic.

https://www.castanet.net/news/World/247 ... l-escalate

[bob vernon]

Look, the oil industry in Venezuela is owned by the state. If the US and Canada and others can foment a revolution, there will be very lucrative pieces to be picked up. The new leaders of a fragile state could be persuaded to turn over the oil to the large oil corporations for nothing. BigOil contributes a lot to the leaders of the US and Canada and they expect something back besides the subsidies and cheap royalty rates to their operations in North America. Having the Venezuela oil fields fall into their lap for free would be worth billions. And BigOil will show its appreciation.

[The Green Barbarian]

BigOil contributes a lot to the leaders of the US and Canada and they expect something back besides the subsidies and cheap royalty rates to their operations in North America. Having the Venezuela oil fields fall into their lap for free would be worth billions. And BigOil will show its appreciation.

LOL - this is 100% horse crap. "Big Oil" - this is just such nonsense.

[Vacancyrate]

World's largest oil reserves. Socialist country, under US sanctions. CIA has been trying for years to regime change it.

Places like Saudi Arabia that allow US business interests in are on the gradual-change plan while the people of the country suffer through public stonings and crucifixions, but the people of Venezuela need help now!

The Red Cross and the UN denounced the US's food delivery to Venezuela and refused to participate because it was a obvious regime change ploy and has nothing to do with helping anyone. The US if offering 20 million in food but the US-imposed oil sanctions cost Venezuela 30 million dollars a day. Help indeed.

Iraq South, part II.

[averagejoe]

Socialism really works...


After Hugo Chávez officially took office in February 1999, several policy changes involving the country's oil industry were made to explicitly tie it to the state under his Bolivarian Revolution.

Since then, PDVSA has not demonstrated any capability to bring new oil fields onstream since nationalizing heavy oil projects in the Orinoco Petroleum Belt formerly operated by international oil companies ExxonMobil, ConocoPhillips, Chevron and Total.

Chávez’s policies damaged Venezuela's oil industry due to lack of investment, corruption and cash shortages.

The Chávez government used PDVSA resources to fund social programmes, treating it like a "piggybank", and PDVSA staff were required to support Chávez.

His social policies resulted in overspending that caused shortages in Venezuela and allowed the inflation rate to grow to one of the highest rates in the world.

According to Corrales and Penfold, "Chávez was not the first president in Venezuelan history to be mesmerized by the promise of oil, but he was the one who allowed the sector to decline the most", with most statistics showing deterioration of the industry since the beginning of his presidency.

Chávez's successor, Nicolás Maduro, continued much of the policies championed by Chávez, with Venezuela further deteriorating as a result of continuing such policies.

[floppi]

Ummmm joe.....you might want to check out the real reason why Venezuela is in the position they're in....give you a hint, it's not socialism. You're right tho, it started with Chavez. He nationalized the oil and kicked out everyone that knew anything about running the oil business. You know, they still had the oil but no one knew how to take it out of the ground and sell it......that's it in a nutshell. I thought I'd keep it simple for you.

[averagejoe]

Ummmm joe.....you might want to check out the real reason why Venezuela is in the position they're in....give you a hint, it's not socialism. You're right tho, it started with Chavez. He nationalized the oil and kicked out everyone that knew anything about running the oil business. You know, they still had the oil but no one knew how to take it out of the ground and sell it......that's it in a nutshell. I thought I'd keep it simple for you.

Your absolutely right.

But when he nationalized the oil industry. It meant the government to charge as all good communists do when in charge and put their buddies in charge who have never run a thing in their lives let alone or actually worked in their lives.

See Soviet Russia and see how it worked out for them..

See: Everything Democrats Run, they DESTROY

http://forums.castanet.net/viewtopic.php?f=28&t=78521

And is how it all begins....just like how good little socialists out start.

[The Green Barbarian]

Ummmm joe.....you might want to check out the real reason why Venezuela is in the position they're in....give you a hint, it's not socialism. You're right tho, it started with Chavez. He nationalized the oil and kicked out everyone that knew anything about running the oil business. You know, they still had the oil but no one knew how to take it out of the ground and sell it......that's it in a nutshell. I thought I'd keep it simple for you.

They didn't just kick everyone out, everyone left. What Chavez and his cronies didn't understand is that for oil to flow, you have to keep reinvesting capital. They sucked everything out. They also started handing out oil to all of their corrupt commie buddies like Cuba and Haiti which didn't help either.

[floppi]

Ummmm joe.....you might want to check out the real reason why Venezuela is in the position they're in....give you a hint, it's not socialism. You're right tho, it started with Chavez. He nationalized the oil and kicked out everyone that knew anything about running the oil business. You know, they still had the oil but no one knew how to take it out of the ground and sell it......that's it in a nutshell. I thought I'd keep it simple for you.

They didn't just kick everyone out, everyone left. What Chavez and his cronies didn't understand is that for oil to flow, you have to keep reinvesting capital. They sucked everything out. They also started handing out oil to all of their corrupt commie buddies like Cuba and Haiti which didn't help either.

They didn't have any oil to hand out cause like you said either everyone left or Chavez fired everyone that knew about the oil business. He just didn't know how to run the oil business, nothing to do with commies or socialism. Just your basic incompetence.....you know kinda like Trump. Now if he was a dictator, he would wreck the US like the 6 corporations he drove into bankruptcies.

[The Green Barbarian]

nothing to do with commies or socialism.

If he wasn't a socialist, all of the capital wouldn't have fled the country to Panama and elsewhere. It has everything to do with socialism.

[Omnitheo]

70% of Venezuela’s industry is in the private sector. Despite oil being part of the public sector, Venezuela is significantly more capitalist than people realize. The problem with Venezuela has always been foreign meddling, sanctions, embargoes etc. No country can prosper when the worlds superpowers hold a grudge against them and won’t let them get their product to market.

[averagejoe]

Well now isn't this interesting.....

Maduro orders European HQ of Venezuelan state oil firm PDVSA to be moved to Moscow

Venezuelan President Nicolas Maduro has ordered the European headquarters of state oil company PDVSA be relocated to Russia, Venezuela’s Vice President Delcy Rodriguez has said.

“President Maduro ordered to close the Lisbon office of PDVSA and move it to Moscow,” Rodriguez said on Friday at the joint news conference with Russia’s Foreign Minister Sergey Lavrov, during her visit to the Russian capital.

The decision comes as Venezuela expands energy cooperation with Russia’s oil and gas giants Gazprom and Rosneft, according to the official.

“It’s the perfect time, as we are reshaping our relations,” said Rodriguez.

https://www.rt.com/business/452745-madu ... hq-moscow/

[The Green Barbarian]

*removed*

[The Green Barbarian]

70% of Venezuela’s industry is in the private sector. Despite oil being part of the public sector, Venezuela is significantly more capitalist than people realize. The problem with Venezuela has always been foreign meddling, sanctions, embargoes etc. No country can prosper when the worlds superpowers hold a grudge against them and won’t let them get their product to market.

None of this is true. What else is new.

Since the Bolivarian Revolution half-dismantled its PDVSA oil giant corporation in 2002 by firing most of its 20,000-strong dissident professional human capital and imposed stringent currency controls in 2003 in an attempt to prevent capital flight,[19] there has been a steady decline in oil production and exports and a series of stern currency devaluations, disrupting the economy.[20] Further yet, price controls, expropriation of numerous farmlands and various industries, among other disputable government policies including a near-total freeze on any access to foreign currency at reasonable "official" exchange rates, have resulted in severe shortages in Venezuela and steep price rises of all common goods, including food, water, household products, spare parts, tools and medical supplies; forcing many manufacturers to either cut production or close down, with many ultimately abandoning the country as has been the case with several technological firms and most automobile makers.[21][22] In 2015, Venezuela had over 100% inflation—the highest in the world and the highest in the country's history at that time.[23] According to independent sources, the rate increased to 4,000% in 2017[24][25][26][27] with Venezuela spiraling into hyperinflation[28] while the population poverty rate was between 76%[29] and 87%.[7][24] On 14 November 2017, credit rating agencies declared that Venezuela was in default with its debt payments, with Standard & Poor's categorizing Venezuela as being in "selective default".[30][31]

[Ranger66]

“Who is behind this disaster other than the greed and selfishness of the rich”

From Wikipedia:

The Venezuelan government under Hugo Chávez then established populist social welfare policies that initially boosted the Venezuelan economy and increased social spending, temporarily reducing economic inequality and poverty in the early years of the regime. However, such populist policies later became inadequate, causing the nation's collapse as their excesses—including a uniquely extreme fossil fuel subsidy are widely blamed for destabilizing the nation's economy. The destabilized economy led to a crisis in Bolivarian Venezuela, resulting in hyperinflation, an economic depression, shortages of basic goods and drastic increases in unemployment, poverty, disease, child mortality, malnutrition and crime.

Note “populist social welfare policies “ The question should be what not who, incompetence just made the problem grievous and deceitful.