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Old 10-05-2022, 06:29 PM
 
Location: SF Bay Area
7,253 posts, read 3,781,723 times
Reputation: 5238

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Quote:
Originally Posted by Goodnight View Post
When Venezuela was a major producer the people did benefit although there was always a certain degree of corruption.
Really? I seem to recall the people living in abject poverty during that time in spite of the oil reserves.

 
Old 10-05-2022, 06:30 PM
 
Location: Land of the Free
6,725 posts, read 6,715,548 times
Reputation: 7557
Quote:
Originally Posted by Goodnight View Post
There was always an inequity but not like today where residents are fleeing the country.

But things were just as bad for the citizens. Obama put sanctions in place in 2014 precisely because oil revenue was actually making things worse for people there by empowering Chavez and Maduro at the expense of the broader population. The shiite got really bad, and the migrant attempts to leave, long before sanctions in 1998 after Chavez "won" an election and started the Bolivarian Revolution. People were fleeing for years before sanctions.



What's changed recently is the smuggler networks have gotten a lot better at serving Central and South America, which has led to increases in migration attempts not just from Venezuela, but from Brazil, Honduras, and Guatemala. Has nothing to do with sanctions, but awful conditions across most of this hemisphere. But to suggest Obama's sanctions somehow hurt the Venezuelans is either sick or naive. Biden's lifting of them is a horrific consequence of his poorly thought out energy policy, and anyone who's not a blind partisan knows this. He's doing this not to help average Venezuelans, but to help himself after begging other OPEC dictators for oil failed.
 
Old 10-05-2022, 06:37 PM
 
3,594 posts, read 1,792,298 times
Reputation: 4726
Maybe someone with more knowledge can enlighten me. It was explained to me that you really don’t want Venezuelan oil unless you’re in a bind. Because while they have large oil reserves the oil isn’t any good, it’s dirty and needs to be heavily refined which costs a lot of money and Venezuela doesn’t refine the oil themselves. Any truth to this? Info is mixed online.
 
Old 10-05-2022, 06:51 PM
 
Location: Land of the Free
6,725 posts, read 6,715,548 times
Reputation: 7557
Quote:
Originally Posted by cttransplant85 View Post
Maybe someone with more knowledge can enlighten me. It was explained to me that you really don’t want Venezuelan oil unless you’re in a bind. Because while they have large oil reserves the oil isn’t any good, it’s dirty and needs to be heavily refined which costs a lot of money and Venezuela doesn’t refine the oil themselves. Any truth to this? Info is mixed online.

They've always had low quality and limited capacity refining operations. Their OPEC pal Iran has been giving personnel and money to Maduro to address this and upgrade their refineries. One hold up is that Maduro is a credit risk like Trump and doesn't like to pay his bills. This has slowed delivery of new equipment independent of sanctions, because the Chinese who've been sending it to him aren't that tolerant of deadbeats.


None of this disaster would impact America if Biden hadn't marched into office and made it more difficult to drill here. He'll drag us into business with these lowlife countries, empower their dictators, but at least he's not upsetting Greta Thunberg.
 
Old 10-05-2022, 07:08 PM
 
Location: Long Island
57,233 posts, read 26,178,741 times
Reputation: 15621
Quote:
Originally Posted by TheseGoTo11 View Post
But things were just as bad for the citizens. Obama put sanctions in place in 2014 precisely because oil revenue was actually making things worse for people there by empowering Chavez and Maduro at the expense of the broader population. The shiite got really bad, and the migrant attempts to leave, long before sanctions in 1998 after Chavez "won" an election and started the Bolivarian Revolution. People were fleeing for years before sanctions.



What's changed recently is the smuggler networks have gotten a lot better at serving Central and South America, which has led to increases in migration attempts not just from Venezuela, but from Brazil, Honduras, and Guatemala. Has nothing to do with sanctions, but awful conditions across most of this hemisphere. But to suggest Obama's sanctions somehow hurt the Venezuelans is either sick or naive. Biden's lifting of them is a horrific consequence of his poorly thought out energy policy, and anyone who's not a blind partisan knows this. He's doing this not to help average Venezuelans, but to help himself after begging other OPEC dictators for oil failed.

It got really bad several years ago after the sanctions with gangs cannibalizing oil rigs and robbing workers, Obama put in sanctions because of Maduro and Chavez undermining democracy. Oil revenues were their sole source of income, when oil fields went stagnant they hit rock bottom. Why is Venezuela's leadership our concern.

Venezuela's migration is mostly into Brazil, Columbia and the US, but now the largest increase in US immigration has been from the Venezuela and Brazil. Ever since 2014 they have been in steady decline.

So what is the downside of lifting sanctions, what is the downside of a healthy economy in Venezuela.
 
Old 10-05-2022, 07:30 PM
 
3,594 posts, read 1,792,298 times
Reputation: 4726
Quote:
Originally Posted by TheseGoTo11 View Post
They've always had low quality and limited capacity refining operations. Their OPEC pal Iran has been giving personnel and money to Maduro to address this and upgrade their refineries. One hold up is that Maduro is a credit risk like Trump and doesn't like to pay his bills. This has slowed delivery of new equipment independent of sanctions, because the Chinese who've been sending it to him aren't that tolerant of deadbeats.


None of this disaster would impact America if Biden hadn't marched into office and made it more difficult to drill here. He'll drag us into business with these lowlife countries, empower their dictators, but at least he's not upsetting Greta Thunberg.
Now we have Europe who will need lots of North American oil and gas for heat this winter, OPEC cutting production, Biden has all but drained the SPR. Prices at the pump definitely heading much higher.
 
Old 10-06-2022, 05:35 AM
 
Location: NJ
23,534 posts, read 17,211,948 times
Reputation: 17561
When will congress declare Biden an enemy of the USA????
what else does he have to o? Better yet what is left for Biden to destroy in america? other than its economy and global reputation.
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