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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.
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!
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!
Somehow I don't believe Venezuela's empty store shelves, starving people and those fleeing to Colombia are going to disappear by Nov.
Do you?
If in fact Venezuela actually lets capitalism back in to manage their oil industry doesn't that really show how badly their socialist ruling class totally f'd up that country?
Don't let your feelings towards Trump fog up your cognitive skills..
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!
I think Trump will be OK.
Quote:
Originally Posted by doc1
Don't let your feelings towards Trump fog up your cognitive skills..
Being that Trump was the first thought that rolled from the keyboard... it may be a little late.
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.
Any company that is stupid enough to re-invest in Venezuela, as long as Maduro is still in power, absolutely deserves to have every last one of their assets seized again, when the inevitable re-nationalization occurs.
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!
This is a very minor step. It won't change anything. But good for you in supporting a horribly oppressive, totalitarian regime that abuses most of its subjects because it supports what YOU like. It's your Progressive roadmap for failure! Congrats!
Somehow I don't believe Venezuela's empty store shelves, starving people and those fleeing to Colombia are going to disappear by Nov.
Do you?
If in fact Venezuela actually lets capitalism back in to manage their oil industry doesn't that really show how badly their socialist ruling class totally f'd up that country?
Don't let your feelings towards Trump fog up your cognitive skills..
i believe that ship has already sailed.
Quote:
Originally Posted by bus man
Any company that is stupid enough to re-invest in Venezuela, as long as Maduro is still in power, absolutely deserves to have every last one of their assets seized again, when the inevitable re-nationalization occurs.
Any company that is stupid enough to re-invest in Venezuela, as long as Maduro is still in power, absolutely deserves to have every last one of their assets seized again, when the inevitable re-nationalization occurs.
This is my thinking as well. It's a very high risk endeavor, so it likely won't be attractive to major oil companies. At least not without some major guarantees and a large down payment.
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