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Venezuela’s Amuay Refinery Explosion Shows Why Hugo Chavez's Socialism Is A Powder Keg
Investor's Business Daily ^ | 27 August 2012 | Editorial

Posted on 08/28/2012 7:35:05 AM PDT by IBD editorial writer

Energy: Oil is rising sharply from two disasters in the Caribbean region — one, a fierce storm, and the other a massive blast at the world's second-largest refinery in Hugo Chavez's Venezuela. Only one was perfectly preventable.

When the strongman cracked the whip on Venezuela's oil industry in 2003, firing 20,000 experienced oil managers from state-owned Petroleo de Venezuela (PDVSA) to break a strike he admitted he had provoked, he insisted that merit didn't matter anymore, only political loyalty. "There will be no more meritocracy," he told his cheering red-shirts.

That philosophy has been laid out in all its glory with Saturday's massive explosion, at the Amuay refinery, part of a 955,000-barrel-a-day complex, that has become the second deadliest in the history of the oil industry and the worst ever in the Western Hemisphere.

As of Monday, the complex is shut down. The death toll is as high as 48,

(Excerpt) Read more at news.investors.com ...


TOPICS: Editorial; Foreign Affairs; News/Current Events
KEYWORDS: amuay; chavez; chavnobyl; dictator; disaster; explosion; fiasco; gasoline; hugo; hugochavez; obamaheavy; oil; refinery; socialism; venezuela; wasteland
Everything that happened was a direct consequence of the mismanagmenet of Hugo's socialism.
1 posted on 08/28/2012 7:35:15 AM PDT by IBD editorial writer
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To: IBD editorial writer

This is bad news for Obama who is counting on lower gas prices.


2 posted on 08/28/2012 7:40:29 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: IBD editorial writer

And to think Porky has an election right around the corner.


3 posted on 08/28/2012 7:40:46 AM PDT by VeniVidiVici (Congrats to Ted Kennedy! He's been sober for two years now!!)
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To: IBD editorial writer

Yeah, but by tomorrow the Caracas papers will report that the explosion was caused by an imperialist running dog conspiracy.


4 posted on 08/28/2012 7:41:23 AM PDT by Mr. Lucky
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To: AppyPappy

Also bad news because people know that Hugo endorsed Barry. And that Barry has these socialist leanings very similar to old Hugo.


5 posted on 08/28/2012 7:44:09 AM PDT by vpintheak (Occupy your Brain!)
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To: IBD editorial writer
A small price to pay for the Peoples’ Paradise that is Chavez’ Venezuela. ~snort~
6 posted on 08/28/2012 7:45:24 AM PDT by shove_it (purge pandering progressive parasites)
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To: IBD editorial writer

Collectivism. It’s so efficient.


7 posted on 08/28/2012 7:45:33 AM PDT by lurk
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To: IBD editorial writer

From the article:

As of Monday, the complex is shut down. The death toll is as high as 48, with more than 150 injured, and the numbers are expected to rise. Twenty square kilometers have been left blackened with a devastation that can be topped only by a nuclear bomb, and fires are still not out. As Venezuelan officials assured everyone that all was under control Monday, a third storage tank caught fire. There is still no foam to fight the fire and no ambulances to transport the wounded, let alone hearses for the dead. Pickup trucks full of charred bodies and looters descending upon the infernal scene complete the tropical vision of Hell.


8 posted on 08/28/2012 7:48:35 AM PDT by sigzero
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To: IBD editorial writer
“...a fierce storm...”

Oh please, spare me. I'm really getting tired of journalistic hyperbole.

It's a run of the mill tropical storm, nothing more. It MIGHT become a minimal hurricane before landfall - maybe.

9 posted on 08/28/2012 7:49:00 AM PDT by LaserJock
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To: sigzero
There is still no foam to fight the fire and no ambulances to transport the wounded, let alone hearses for the dead. Pickup trucks full of charred bodies and looters descending upon the infernal scene complete the tropical vision of Hell.

the effects of communism on a 21st century industrial scale - Hell indeed.

10 posted on 08/28/2012 7:52:38 AM PDT by ghost of nixon
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To: IBD editorial writer
‘Mismanaged Socialism’ is kind of a fact of life in Socialist systems.

I always thought it was just another way for greedy and unscrupulous people to hide behind just the same kind of authoritarian and totalitarian systems that Socialists perpetually oppose.

It attracts (ends up being administered by) the most thuggish and ham-fisted brutes who could not ‘make it’ or otherwise succeed in properly set up Capitalist systems. “Liberalism is nothing more than the ideological disguise of the will-to-power of some people, who could not themselves be LESS liberal.Albert Camus ’

I think that any low level Mafioso you can name in this country is a much better businessman and certainly MUCH MORE pro-American than a Socialist leader on his best day!

11 posted on 08/28/2012 7:57:05 AM PDT by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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To: IBD editorial writer

Chavez, Obama’s brother from another mother.


12 posted on 08/28/2012 8:00:35 AM PDT by Newton (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: IBD editorial writer

Socialism always gets mismanaged. Hugo is no different than any fool who thinks he can make himself a god through the misuse of government. Meanwhile, we have our own fool here, doing what he can to assure decades of energy crisis, if we don’t get rid of him.


13 posted on 08/28/2012 8:01:03 AM PDT by pallis
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To: Mr. Lucky

Mr. Lucky-U talkin’ bout Hershey squirts?


14 posted on 08/28/2012 8:07:55 AM PDT by DIRTYSECRET
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To: IBD editorial writer

Idi Amin’s got nothing on Chavez - what a no-class fool. Destroying a country I have loved since I went to high school there. A real shame.


15 posted on 08/28/2012 8:08:21 AM PDT by jagusafr
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To: IBD editorial writer
"... "There will be no more meritocracy," he told his cheering red-shirts..."

What is breathtaking about this statement, is that there are so many in Government in general, and the White House in particular to whom this is entirely laudable.

You just cannot make this stuff up.

16 posted on 08/28/2012 8:42:39 AM PDT by rlmorel ("It is dangerous to be right in matters where established men are wrong." Voltaire)
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To: IBD editorial writer

Amuay sounds like amway. lol


17 posted on 08/28/2012 8:45:45 AM PDT by printhead (Standard & Poor - Poor is the new standard.)
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To: IBD editorial writer

Is this refinery one of the recently “nationalized” properties that once belonged to Exxon?


18 posted on 08/28/2012 8:50:22 AM PDT by RightOnTheBorder
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To: RightOnTheBorder

It was nationalized from Exxon in the seventies.


19 posted on 08/28/2012 9:46:00 AM PDT by marron
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To: Mr. Lucky
Yeah, but by tomorrow the Caracas papers will report that the explosion was caused by an imperialist running dog conspiracy.

Yes. Exactly how the Soviets explained their inefficiencies. We know that it was not the U.S., not with Big O in charge.

20 posted on 08/28/2012 9:53:28 AM PDT by marktwain
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To: IBD editorial writer
Party hacks don't make very good technical managers, and Commissars tend not to budget for maintenance. We learned this some time ago - 1918, to be exact.

It is one of history's great ironies that the Industrial Revolution that Marx insisted would bring about world socialism has, in fact, pointed out its major flaws from the very beginning. The only new major industry it has engendered is blame factories that provide narratives to explain socialism's failures. If only people could be fed by that, we'd have something.

21 posted on 08/28/2012 10:03:49 AM PDT by Billthedrill
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To: Billthedrill

“The only new major industry it has engendered is blame factories that provide narratives to explain socialism’s failures. If only people could be fed by that, we’d have something.”

If only a dynamo could be harnessed to their lying jaws, we’d have something.


22 posted on 08/28/2012 10:26:30 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: IBD editorial writer

As well as the over 40 who died from the blast, 150 more people were injured. 500 homes damaged.

Also:

“Chavez’s government has been hit recently by other infrastructure-related problems including a prison riot that killed 25 last week, the collapse of a major highway bridge and power outages in parts of the country.”

http://www.cbsnews.com/8301-501715_162-57501937/fire-extinguished-at-venezuela-refinery/


23 posted on 08/28/2012 12:47:14 PM PDT by Cincinatus' Wife
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To: IBD editorial writer
"There will be no more meritocracy," he told his cheering red-shirts.

Do these red-shirts even know what 'meritocracy' means?

24 posted on 08/28/2012 2:32:28 PM PDT by Moltke ("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
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To: IBD editorial writer

Chavez’s “Reichstag Fire”?


25 posted on 08/28/2012 2:36:25 PM PDT by dfwgator
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