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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: 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: 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: 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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