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Venezuela was one of the richest countries on this side of the planet. A shame that a few humans can ruin it for many others. Maybe this can be a start.
And for the average Venezuelan, it meant nothing. The oligarchs were the only people benefiting.
It's perfectly okay to choose whatever they please.
Venezuela can and will do whatever they want domestically as they have shown in the past.
How come their citizens aren't benefiting like those in Saudi Arabia and Norway?
Either way they go it's their problem. We get to be bystanders watching how it plays out, for better our worse for them.
Before nationalization, only the fatcats were benefiting. So what’s the difference then? Why do Americans wanna force privatization on Venezuela, but not Saudi Arabia?
Frankly, it’s nothing to us what Venezuela does with their oil industry. We need to butt out.
Before nationalization, only the fatcats were benefiting. So what’s the difference then? Why do Americans wanna force privatization on Venezuela, but not Saudi Arabia?
Frankly, it’s nothing to us what Venezuela does with their oil industry. We need to butt out.
no one said anything about 'forcing' privatization on venezuela.
stop making **** up
All projects are still majority nationalized, but the work is being privatized, so corps are getting a fee
Probably not too long before all is privatized.
Why cant Venezuela be like SA, or Russia. SA has Saudi ARAMCO, Russia's energy supply is essentially controlled by Putin. Lets face it, Putin is a dictator. Even Chinese companies are basically CCP controlled. They can operate on the global economy and make money.
Why Venezuela not make some deals with other Latin American countries? Colombia is their neighbor. Offer than bargain rate petroleum.
I think this is more a political topic than economic because its uber socialism vs US capitalism.
There are numerous state owned oil companies, it is not an issue of who owns it, but what they are doing with the money.
Venezuela, like every other South American country, is a continuous basket case of corruption. A trillion dollars a year could be dumped into it and it still would be a toilet, it is the culture, and it is something they need to solve themselves, they need an age of enlightenment or something.
Bad news for Trump! He was going to flood the airwaves during the campaign, showing the worst footage of that country during socialism, the empty store shelves, the starving people, the people fleeing to Colombia, to use against Bernie!
Venezuela is the standard bearer for everything that is wrong with socialism.
desertdetroiter;57364564]Before nationalization, only the fatcats were benefiting. So what’s the difference then? Why do Americans wanna force privatization on Venezuela, but not Saudi Arabia?
Are you saying that the current economic and living conditions, mass migration to Columbia and elsewhere, empty stores, tampon, toilet paper, diaper shortages and rationing was always there, pre-nationalization, as it is now?
I find that hard to believe.
It's funny the media never carped about it then if that's how it's always been.
Quote:
Frankly, it’s nothing to us what Venezuela does with their oil industry. We need to butt out.
Couldn't agree more. The US has it's own successful oil production these days and I think it's great
I never want to go back to the domination and power of 1970s-1980s OPEC.
Why is it okay for the Saudis to have a nationalized oil industry, but not Venezuela?
Why is it okay for Norway to have 70% of its oil industry nationalized, but not Venezuela?
Is what I asked in my OP
Quote:
Originally Posted by boxus
There are numerous state owned oil companies, it is not an issue of who owns it, but what they are doing with the money.
Venezuela, like every other South American country, is a continuous basket case of corruption. A trillion dollars a year could be dumped into it and it still would be a toilet, it is the culture, and it is something they need to solve themselves, they need an age of enlightenment or something.
Depending on who you ask, is not all their fault. Apparently the USA effectively blockaded Venezuela with finance like we have done with Iran.
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