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Qberto's Replies
[quote]Melania is living with her parents in Maryland most of the time. [/quote]
No citation.
No credible URL.
No evidence.
DISMISSED!
Guess what happens when you NATIONALIZE the producing assets of other nations who were helping you extract that oil?
Just fucking GUESS!
Dense.
https://www.forbes.com/sites/rrapier/2017/05/07/how-venezuela-ruined-its-oil-industry/
The current crisis can be traced to the historical management of the country's oil industry.
Venezuela's highest-ever oil production occurred in 1998 at 3.5 million barrels per day (BPD). That also happened to be the year that Hugo Chávez was elected president of Venezuela. During the Venezuelan general strike of 2002–2003, Chávez fired 19,000 employees of the state oil company Petróleos de Venezuela, S.A. (PDVSA) and replaced them with employees loyal to his government.
This eliminated a tremendous amount of experience from Venezuela's oil industry. Most of Venezuela's proved oil reserves consists of extra-heavy crude oil in the Orinoco Belt. The Orinoco contains an estimated 1.2 trillion barrels of oil resource. This oil is expensive to produce, but after oil prices climbed to $100/bbl, 235 billion barrels of this heavy oil were moved into the "proved reserves" category. This positioned Venezuela ahead of Saudi Arabia as the country with the world's largest proved oil reserves.
Because this oil is particularly challenging to produce, Venezuela invited international oil companies into the country to participate in the development of these reserves. Companies like ExxonMobil, BP, Chevron, Total and ConocoPhillips invested billions of dollars in technology and infrastructure to turn the extra-heavy oil into crude oil exports.
The Government Gets Greedy
In 2007 oil prices were on the rise, and the Chávez government sought more revenue as the investments made by the international oil companies began to pay off. Venezuela demanded changes to the agreements made by the international oil companies that would give PDVSA majority control of the projects.
I explicitly warned about this in an article I wrote in 2007:
He shoots...he scores..
⚽🥅
He wins!
🏆
FEMA runs "concentration camps", seriously?
⚰️ ⚰️🛏️🛏️🏘️🏘️
Conviction for either is where?
Uh huh...
🐎 🌾
"...put ya'll back in chains?"
⛓️ ⚰️
Just Biden my time...
[quote]You should spend your time proving it[/quote]
And ruin the mystery, the suspense, the gossipy goodness of it all?
No freaking way.
🕳️ 🐇
Go ask Alice.
I just hope it does'nt kill us all in the interim!
This 'taking away of things' - so harsh the orange man is, no?
Makes me want to turn in my turban and prayer cloth.
;-0
And free stuff - education, health care, abortions, reparations - you name it - all FREE to ILLEGALS!
Now who wouldn't vote to bankrupt America and themselves?
Winning is?
But he is rich in deceit, which must count for something in his alternate reality...
🤥
Hell + freeze over = waiting is...
🔥 🥶 🤨
I think you nailed it there.
Plenty of lather to be found for sure...
🤢
Like trying to encumber us to pay for health care for illegals...
...who come across open borders...
...for free abortions...
...and stuff...
[quote]Concentration camps in America. How vile![/quote]
You have some beef with FEMA?
Or walk right past it whistling...
⛼
[quote]You don't know anything about economic systems.[/quote]
Stoop projecting, chief.
No, HELL no!
[quote]Former Venezuelan President Hugo Chavez nationalized their oil fields and gave the money to the poor which lowered the poverty rate throughout the country. [/quote]
Yeah...that worked like a freaking CHARM didn't it?
Now they have- NOTHING.
NO economy.
NO food.
NO health care.
NO safety.
NOTHING.
Oh and that "poverty rate"?
90%, mas o menos...
[url]https://en.wikipedia.org/wiki/Economy_of_Venezuela[/url]
The ENCOVI annual survey by three universities estimated poverty at 48% in 2014, 82% in 2016 and 87% in 2017