To: Oldeconomybuyer
The oil price collapse didn’t help this situation either. Most of the Chavez social programs were supported by oil revenue.
39 posted on
08/09/2016 3:19:46 PM PDT by
blam
(Jeff Sessions For President)
To: blam
The oil price collapse didn’t help this situation either. Most of the Chavez social programs were supported by oil revenue. The Saudi welfare state is also supported by oil revenues.
43 posted on
08/09/2016 3:27:30 PM PDT by
PapaBear3625
(Big government is attractive to those who think that THEY will be in control of it.)
To: blam
Never put all your eggs in one basket.
45 posted on
08/09/2016 3:55:45 PM PDT by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
To: blam
You’re right, the price collapse was huge, but nationalizing everything a few years earlier was also huge. They ran off every oil company and every supplier that was helping them pay for the welfare and put the welfare people in charge. Brilliant. Their revenues were falling before the price collapse, and expenses were rising. The perfect storm.
To: blam
The oil price collapse didn’t help this situation either. Most of the Chavez social programs were supported by oil revenue.Saudi did not collapse with falling oil revenues. They did not collapse because they are not socialists. It should be noted that Venezuela has the largest oil reserves in the world.
79 posted on
08/09/2016 9:00:34 PM PDT by
cpdiii
(DECKHAND ROUGHNECK MUDMAN GEOLOGIST PILOT PHARMACIST LIBERTARIAN , CONSTITUTION IS WORTH DYING FOR!)
To: blam
The oil price is partially true but in fact VZ produces a high sulphur content oil that is difficult to refine and nobody wants.
83 posted on
08/10/2016 12:46:49 AM PDT by
bjorn14
(Woe to those who call good evil and evil good. Isaiah 5:20)
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