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Venezuela to Double Oil Output with Russian Support
teleSUR English ^ | May 28, 2015

Posted on 05/28/2015 2:49:31 PM PDT by Oldeconomybuyer

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1 posted on 05/28/2015 2:49:31 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Who’s going to buy it and at what price? Lots of oil producing countries are pretty much flooding the world with oil.


2 posted on 05/28/2015 2:51:28 PM PDT by SkyDancer ( I Was Told Nobody Is Perfect But Yet, Here I Am ...)
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To: SkyDancer

Fine with me.


3 posted on 05/28/2015 2:53:49 PM PDT by nickcarraway
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To: Oldeconomybuyer

Maybe they will be able to afford some toilet paper.


4 posted on 05/28/2015 2:54:41 PM PDT by thorvaldr
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To: Oldeconomybuyer

From 1 barrel per day up to 2 barrels per day. /s


5 posted on 05/28/2015 2:55:09 PM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: Oldeconomybuyer

and what cut is Russia expecting?


6 posted on 05/28/2015 2:56:54 PM PDT by GeronL (free short story: http://flscifi.blogspot.com/2015/05/free-short-story-proper-care-feeding-of.html)
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To: Oldeconomybuyer

I thought they needed higher prices. Wasn’t it dure to oil plummeting that destabilized Venezuela? Last I heard President Maduro’s days were numbered.

Putin to the rescue it seems.


7 posted on 05/28/2015 2:58:35 PM PDT by Paulie (America without Christianity is like a Chemistry book without the periodic table.)
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To: Oldeconomybuyer

Russia has no reason to help Caracas increase oil production.


8 posted on 05/28/2015 2:59:13 PM PDT by Oliviaforever
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To: SkyDancer
Who’s going to buy it and at what price? Lots of oil producing countries are pretty much flooding the world with oil.

The answer is China, and the reason is because they already own it. It has been used as collateral for the loans China has been giving Venezuela for the past couple of years.

I think this is an admission that Venezuela is no longer has the knowledge and skills to maintain their oil industry. They have been using it as a political jobs program for so long nobody remembers how to drill a hole or maintain a ship. Russian and China now own Venezuela, the citizens just live there.

9 posted on 05/28/2015 2:59:57 PM PDT by Vince Ferrer
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To: Oldeconomybuyer
Venezuela to Double Oil Output with Russian Support

'Cause Russian support for the Cuban economy was such a great success.

10 posted on 05/28/2015 3:01:58 PM PDT by SeeSharp
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To: Vince Ferrer
Russian and China now own Venezuela, the citizens just live there.

When South American countries found themselves in that situation back in the 19th century an American invasion was sure to follow. They used to call the Marines "State Department troops".

11 posted on 05/28/2015 3:04:36 PM PDT by SeeSharp
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To: GeronL
and what cut is Russia expecting?

Unlimited access to Venezuelan seaports and airfields for Russian military vessels, submarines, and bombers.

12 posted on 05/28/2015 3:07:37 PM PDT by mac_truck (Aide toi et dieu t aidera)
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To: nickcarraway

Pump it up...


13 posted on 05/28/2015 3:13:58 PM PDT by Paladin2
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To: Vince Ferrer

But isn’t China’s economy on the skids?


14 posted on 05/28/2015 3:15:51 PM PDT by SkyDancer ( I Was Told Nobody Is Perfect But Yet, Here I Am ...)
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To: Oldeconomybuyer

Lagovan roofing asphalt was once the most sought after product for shingles made in the US. This was a left over product from refining the Orinoco Crude. It was shipped into Mobile and east coast ports for decades, then redirected by Hugo to China who paid the Vens less for it.
Genius !


15 posted on 05/28/2015 3:16:22 PM PDT by Eric in the Ozarks ("If he were working for the other side, what would he be doing differently ?")
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To: mac_truck

“Unlimited access to Venezuelan seaports and airfields for Russian military vessels, submarines, and bombers. “

That’s exactly what this is. They are buying access to Venezuela’s real estate.


16 posted on 05/28/2015 3:16:52 PM PDT by headstamp 2
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To: Oldeconomybuyer

Russians? Don’t think so. They want less oil available on the market, not more.


17 posted on 05/28/2015 3:21:46 PM PDT by DB
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To: Oldeconomybuyer

“But you’re already losing $30/barrel!”

“We will make it up by doubling the production!”

(Oldie but goody)


18 posted on 05/28/2015 3:26:52 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: mac_truck

that would figure


19 posted on 05/28/2015 3:36:49 PM PDT by GeronL (free short story: http://flscifi.blogspot.com/2015/05/free-short-story-proper-care-feeding-of.html)
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To: Vince Ferrer

“Russian and China now own Venezuela”

A huge navy base will be a good use of China’s riches.
With our inevitable decline someone is going to have provide security in the Caribbean and western Atlantic.


20 posted on 05/28/2015 3:45:16 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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