While Venezuela’s oil ebbs, Colombia’s flows

Washington Post ^ | September 16, 2011

[PJ-Comix]

Nearly a decade after Venezuelan President Hugo Chavez fired 20,000 oil workers from the state oil company, Venezuelan production has slumped. In nearby Colombia, a country that has attracted many Venezuelan oil engineers, production is soaring. As recently as 2005, Colombia thought it would have to import oil, but today it is exporting sizable amounts to the United States and on the verge of producing 1 million barrels a day.

[PJ-Comix]

About a year ago a friend from Colombia told me that the "dirty little secret" was that Colombia was drastically increasing oil production from the Caribbean with the aid of oil companies that were mistreated by Chavez. I wonder if in the next few years (if Chavez survives) Colombia actually OVERTAKES Venezuela in oil production.

Check out the oil production graph at the WAPO comparing Colombia to Venezuela. Venezuela's loss is Colombia's gain.

[HenpeckedCon]

I'll be happy as long as Chavez keeps sending home heating oil to Joe Kennedy's “nonprofit” Citizens Energy.

[HenpeckedCon]

Did I say Chavez was sending the oil to Joe Kennedy? Silly me, I meant the “People of Venezuela” like Joe says on his “Joe for Oil” ads on the radio.

[BfloGuy]

As with virtually all state-owned oil companies, the equipment is not maintained, new technology is not implemented and new wells are not drilled. What should be the company's capital is spent instead to pay for the government's social-welfare spending.

In other words, they kill the capitalist goose and, thus, eventually, their goose is cooked.

[Mister Da]

It seems like I read of another coal, oil, or gas discovery quite often. These resources apparently cover much of the Earth, leading me to believe they will provide energy for 1000+ years, or more.

Can anybody here tell me of areas of the planet that have NO coal, oil, & gas? Now, I realize vast areas of the oceans & other inaccessible areas have not yet been explored. I'm interested in areas that HAVE been explored, yet have none of these resources.

[DIRTYSECRET]

IT would be ice if the Columbians engaged in ‘horizontal’ drilling.

[tanuki]

Galt’s Gulch now ‘habla espanol’.