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Venezuela has the largest oil reserves. In the last three years its economy has collapsed (tr)
New York Times ^ | December 17, 2017 | MERIDITH KOHUT and ISAYEN HERRERA

Posted on 12/17/2017 2:08:49 PM PST by EdnaMode

Kenyerber Aquino Merchán was 17 months old when he starved to death.

His father left before dawn to bring him home from the hospital morgue. He carried Kenyerber’s skeletal frame into the kitchen and handed it to a mortuary worker who makes house calls for Venezuelan families with no money for funerals.

Kenyerber’s spine and rib cage protruded as the embalming chemicals were injected. Aunts shooed away curious young cousins, mourners arrived with wildflowers from the hills, and relatives cut out a pair of cardboard wings from one of the empty white ration boxes that families increasingly depend on amid the food shortages and soaring food prices throttling the nation. They gently placed the tiny wings on top of Kenyerber’s coffin to help his soul reach heaven — a tradition when a baby dies in Venezuela.

When Kenyerber’s body was finally ready for viewing, his father, Carlos Aquino, a 37-year-old construction worker, began to weep uncontrollably. “How can this be?” he cried, hugging the coffin and speaking softly, as if to comfort his son in death. “Your papá will never see you again.”

Hunger has stalked Venezuela for years. Now, it is killing the nation’s children at an alarming rate, doctors in the country’s public hospitals say.

Venezuela has been shuddering since its economy began to collapse in 2014. Riots and protests over the lack of affordable food, excruciating long lines for basic provisions, soldiers posted outside bakeries and angry crowds ransacking grocery stores have rattled cities, providing a telling, public display of the depths of the crisis.

(Excerpt) Read more at nytimes.com ...


TOPICS: Foreign Affairs; Government; Politics/Elections
KEYWORDS: newyorktimes; nytimes; oil; socialism; venezuela; venezuelacollapse; venezuelacrisis; venezuelaoil
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Venezuela is proof that socialism doesn't work. Yet millions of people (especially millennials) want it in the US.
1 posted on 12/17/2017 2:08:50 PM PST by EdnaMode
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To: EdnaMode

Apart from the Communism part...I’ve read that Venezuela’s oil reserves are of some kind of inferior quality that’s not in high demand. IIRC is was something about high sulfur content.


2 posted on 12/17/2017 2:15:20 PM PST by Gay State Conservative (Remember: All Cultures Are Equal!)
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To: Gay State Conservative

I think high sulfur oil is called “sour crude”. Yup, it has a low value and will only be pumped when there is a shortage. We live on a formation full of it. Had the Bakken not been discovered, we’d be rich, filthy stinken rich.


3 posted on 12/17/2017 2:21:36 PM PST by redfreedom
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To: Gay State Conservative

“Venezuela’s oil reserves are of some kind of inferior quality that’s not in high demand”

it is ironic that the left has pushed to bring down demand and emissions requirements to the point where the market can be picky about the quality of the oil to refine thereby crippling their precious socialist country’s economy.


4 posted on 12/17/2017 2:23:17 PM PST by gibsonguy
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To: Gay State Conservative

It is more the producers not properly preparing the oil for refineries than the quality of the oil in the ground.

https://oilprice.com/Energy/Energy-General/Oil-Quality-Issues-Could-Break-Venezuela.html


5 posted on 12/17/2017 2:23:47 PM PST by Blood of Tyrants (Conservatives love America for what it is. Liberals hate America for the same reason.)
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To: EdnaMode

Having a wealth of natural resources is quite meaningless to a millennial as it means opportunities for business and employment.

Our current culture has socially engineered these deadbeats to hate business and be too lazy to work.


6 posted on 12/17/2017 2:25:02 PM PST by redfreedom
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To: gibsonguy

Was thinking the same thing.


7 posted on 12/17/2017 2:26:21 PM PST by RushIsMyTeddyBear (Screw The NFL!!!!!! My family fought for the flag!)
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To: EdnaMode

How can this be when Sean Penn assured us that “Venezuela and its revolution will endure under the proven leadership of vice president Nicolas Maduro,”


8 posted on 12/17/2017 2:27:38 PM PST by AnotherUnixGeek
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To: EdnaMode

Funny how the NY Times avoided saying why everyone has been starving to death. You'd think that would be the most important point that they would make in the article. Besides their oil production being a wreck, Maduro has totally destroyed their agriculture. They can't feed themselves like it used to be so easy to do.

9 posted on 12/17/2017 2:27:58 PM PST by BlessedBeGod (To restore all things in Christ~~Appeasing evil is cowardice~~Francis is temporary. Hell is forever.)
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To: EdnaMode

Isn’t socialism wonderful!

This is what the socialist democrats and RINOs in the US aspire to. Total top down command and control.

Because starvation is for the little people. The elite are exempt.


10 posted on 12/17/2017 2:34:08 PM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it. MAGA!)
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To: EdnaMode
I know a couple of Venezuelan families. One, the husband, was a bank manager with a stay at home wife who managed their small estate, domestic help and raised the kids. He now mows lawns and his wife is a waitress here in the USA. The other..., the husband was an attorney and his wife a teacher. Quite prosperous prior to Chavez and Maduro..., he now labors in a tile installation crew and his wife is a motel maid! They all are just thankful that they can work and build a future here in the USA. They send money home to keep other family members to enable them to eat (when they can find food to buy....???)

Regardless of what troubles we native born Americans may grouse about..., just be thankful you were born here!!!

11 posted on 12/17/2017 2:37:11 PM PST by ExSES (the "bottom-line")
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To: redfreedom

https://www.strategypage.com/qnd/colombi/articles/20171213.aspx

The production decline is continuing not so much because the government refuses to clean up the mess in the national oil company and the oil production facilities, but because it cannot figure out how to do it. To make matters worse the Venezuelan oil is exceptionally expensive to get process for local or export use because it is “sour” and tar-like. That makes it more expensive to refine and Venezuela must blend its sour crude with imported “light” crude or other diluent (like naphtha) to make their crude oil suitable for foreign refineries. Venezuela is so short of cash that it is not paying for these diluent imports and suppliers are refusing to ship anymore unless they get paid. Same with many other essential services for the oil industry.

This has become critical in 2017 because the Venezuelan refineries, also state owned, have suffered more accidents and received less adequate maintenance over the last decade. As a result domestic refining capability is now about a quarter of normal and getting worse. Shipping sub-standard crude is a violation of the sale agreement and customers are running out of patience. At the moment the largest source of cash sales for Venezuelan crude are Americans. Those buyers have invested heavily in U.S. based refineries modified to handle Venezuelan crude. If the U.S. customers give up on Venezuela they will reconfigure their equipment, at great expense, to handle crude from other sources and Venezuela will have to find new buyers and that will mean selling their sour crude at an even larger discount to more distant and less reliable customers. Currently most of the oil exports go to barter customers (like China) that made large loans that are repaid with oil. These customers are also not getting their oil on time or to the specified quality. No foreign investors are willing to commit the billions need to update and revive the Venezuelan oil operations, mainly because of the massive corruption and the sense that the government is not rational nor dependable. The collapse of the Venezuelan oil industry is doing long-term damage to the ability of Venezuela to process and sell its sour crude.


12 posted on 12/17/2017 2:38:37 PM PST by Snickering Hound
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To: EdnaMode

They Want it...
They Gits It!


13 posted on 12/17/2017 2:38:49 PM PST by Big Red Badger (UNSCANABLE in an IDIOCRACY!)
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To: BlessedBeGod

Yeah, the can’t let their readers know the dangers of socialism.


14 posted on 12/17/2017 2:44:46 PM PST by EdnaMode
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To: EdnaMode

The communist leaders are doing just fine.

Hungry people are easier to control.


15 posted on 12/17/2017 2:48:55 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: EdnaMode

I’ve confronted Leftist with Venezuela as the natural end state of Socialism. They poo-pah it, say it can’t happen here.


16 posted on 12/17/2017 3:02:32 PM PST by FreedomPoster (Islam delenda est)
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To: Gay State Conservative

You are correct. Their oil is difficult to crack. We are pretty much the only country who can efficiently crack their crude.


17 posted on 12/17/2017 3:12:20 PM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Gay State Conservative
the stuff is crap, and one of the biggest refineries for their sludge was on St.Croix USVI

~10 years ago the EPA came in and told HOVENSA (the refiner) that they needed to make almost a billion dollars in plant upgrades, HESS told them to go pound sand and closed the plant

that put three thousand workers on STX out of a job and drove a stake through the heart of Venz gas income

18 posted on 12/17/2017 3:14:45 PM PST by Chode (You have all of the resources you are going to have. Abandon your illusions and plan accordingly.)
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To: ExSES

A bank manager, lawyer, and teacher can’t find equivalent work in the US? What aren’t you telling us?


19 posted on 12/17/2017 3:20:20 PM PST by sparklite2 (I hereby designate the ongoing kerfuffle Diddle-Gate.)
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To: EdnaMode

they have money enough to embalm but not enough to feed the kid?


20 posted on 12/17/2017 3:21:15 PM PST by Chickensoup (Leftists today are speaking as if they plan to commence to commit genocide against conservatives.)
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