And for the general malaise of all the oil ticks around the world - thank a US fracker.
Posted on 07/09/2016 9:02:34 PM PDT by Rabin
Venezuela's falling crude output and self inflicted financial woes have left it decimated... State-run oil firm PDVSA has slashed oil export to Cuba by 40 percent from the first half of 2015.
(Excerpt) Read more at rigzone.com ...
R.
Gee, that is too bad. S/
I thought the same thing at first, but it’s not the communists who are going to get ####ed, it’s the people.
Just like the USSR.
If I’m correct, Venezuela voted in this disaster.
Any cuban under 75 had nothing to do with the “revolution”
It’s the story of socialism. No matter how many resources they have, they always run out of electricity. California is going to do it as well (siting on billions of natural gas)... Fricking maroons!!
And for the general malaise of all the oil ticks around the world - thank a US fracker.
In cuba? How can this be in the communist paradise so advanced over everywhere else?
follow the money.
Cuba makes a ‘donation’ to the
Maduro Foundation for the oil
Really is a shame, oh well :)
Good song!
How are they going to fuel up all of those pre-Castro patched-up, cobbled together classic cars in beautiful,prosperous Havana?
Obama, at California's request, opened the Monterey Shale to drilling and fracking.
The problem there is that the producers have had only limited success in fracking that formation.
This is a good example of why the left wingers were/are not pleased with Obama.
Obama opened a small portion of the Monterey Shale to drilling in 2010. Then, in Dec 2012, a few weeks after winning re-election, he would open a much larger area, which made the enviros and nimbys mad.
As for Cuba, one of the main reasons Obama has moved to normalize relations with Cuba is so that US oil companies can drill in the North Cuban Basin.
Because of the Cuban embargo, US oil companies cannot drill there and any oil produced there cannot be refined in the US. Likewise, because of the embargo, the US threatens oil companies from other countries like Brazil, Norway, Canada, etc for drilling there.
Venezuela is incredibly corrupt.
Equal with Chicago.
we threaten them?
whoa
I always thought highly of Reuters back when I was a working television street reporter in the late sixties. "Decimated" is not 40%; it's 10%. Where was the editor? Where were the two sets of eyes (Parraga and Ulmer)?
Good info! Thanks
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