Posted on 09/20/2016 6:39:31 AM PDT by C19fan
One oil rig was idle for weeks because a single piece of equipment was missing. Another was attacked by armed gangs who made off with all they could carry. Many oil workers say they are paid so little that they barely eat and have to keep watch over one another in case they faint while high up on the rigs.
Venezuelas petroleum industry, whose vast revenues once fueled the countrys Socialist-inspired revolution, underwriting everything from housing to education, is spiraling into disarray.
To add insult to injury, the Venezuelan government has been forced to turn to its nemesis, the United States, for help.
(Excerpt) Read more at nytimes.com ...
0bama loves the Chavesta gov’t. Why is the US a nemesis?
“0bama loves the Chavesta govt. Why is the US a nemesis?”
Why don’t they ask Soros to help them?
You can help! Call 1-800-JOE-4-OIL
The NYT weeps. If only oil prices had stayed high, Venezeula would still be a “Socialist-inspired” (whatever that hair-splitting means) paradise.
Ayn Rand, please pick up the white courtesy phone!
- Milton Friedman
If the government controlled the desert, there would soon a shortage of sand
Bush’s fault.
And I believe Hugo was one of the first persons Barry visited when he was bought into office.
My prediction:
Shortly after election day, Barry will write an enormous check for his socialist friend. About 2 days afterwards Maduro will go on TV to tell the people of Venezuela how he forced the evil USA to pay back what was stolen from his socialist paradise. Maduro, a man of the people, will use a chunk of your tax dollars to build himself a new palace.
Three months later Venezuela will be in deep crap once again. They will ALWAYS run out of other people’s money.
Hat tip to Oratam for the Call 1-800-JOE-4-OIL which is/was the line that Citizens Energy Corp. has for heating oil assistance.
Socialists should be very angry at Chavez and Maduro. Prior to Chavez Venezuela had something very rare- a state-owned oil company that was profitable, well run and highly respected by competitors. Chavez and Maduro ruined this rare example of Socialist success.
My prediction follows yours except - the new place will not be IN Venezuela! FYI, one of the richest individuals in Venezuela is Chavez's daughter, who has Billion$ stashed off-shore!
When Hugo Chavez was ELECTED President of Venezuela in 1999, the exchange rate was about 1 Bolivar for $0.66US. In the NUMEROUS devaluations since then, including a 1,000 to 1 switch to a 'strong' Bolivar (bolívar fuerte) at the end of 2007, the actual value has gotten lost between the 'Official Rate Feb.'16' of 10 to 1 and the very active black market of 1,400+ to 1 depending upon the current panic level. GREAT stewardship shown by these socialists, right?
Agreed. Maduro understands the word stewardship, otherwise we wouldn’t have the expression, ‘The Maduro Diet’.
Joe should return all that oil to the poor Venezuelans!
Won't help, they can't pay the workers to reprocess it into the heavy sulfur to pump back into the ground. To do anything else would probably violate the Taxachusetts environmental laws.
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