The people of Venezuela are in for some difficult times.Hopefully not 70 years' worth.
Posted on 11/23/2007 4:09:39 PM PST by roaddog727
Hillary’s hero.
the major concern is that he has a huge oil revenue, is funding opposition parties in various latin countries, and is going to provide an increasingly large destabilizing effect in latin america.
after the botched 2002 removal, i think he is in for (long) life.
Oil by itself doesn’t guarantee wealth. It’s an extremely complex business, requiring a huge number of skilled people in the middle income ranges.
Exactly the kind of people that Hugo is pissing off the worst and who are fleeing the country in major numbers.
You can’t eat oil. A 30 day total boycott of Venezuelan crude by the US would unseat him.
They can’t ship it elsewhere. All the refineries are booked via long-term contracts.
the major concern is that he has a huge oil revenue, is funding opposition parties in various latin countries, and is going to provide an increasingly large destabilizing effect in latin america.
after the botched 2002 removal, i think he is in for (long) life.
There have been worse. James Buchanan comes to mind. It is hard to surpass his 'achievements': the Dred Scott case, the Bloody Kansas revolt, bleeding the treasury dry, crackdowns on abolitionists, and of course basically ignoring all calls for secession (and then not doing anything about it when it occurred).
“...but Hugo, the leftists in OUR country say political dissent is patriotic. Which is it?”
It’s only “patriotic” when it’s the left “speaking truth to power.”
They think people on the right should be shot.
you make good points.
He certainly has caused a massive brain drain at PDVSA and the country as a whole. One can only assume efficiency at pdvsa has plummeted in the last 5 years.
It is my understanding china is either building or discussing building refineries in china able to process venezuelan crude, but even if so it would be years before they come online I assume, so as you note he is very limited in who can actually process his not-so-fungible heavy sludge crude.
my short view is that venezuela is screwed, and this guy is going to send hundreds of millions to every other latin country to unseat traditional oligarchic governments (aka democracies). what a mess.
District 1:
Chavez: 333
Other guy: 97
District 2:
Chavez: 333
Other guy: 106
District 3:
Chavez: 333
Other guy: 49
.
.
.
You forgot the other statistic:
Population of district 1: 98
They can’t ship it elsewhere. All the refineries are booked via long-term contracts.”
One other point of consideration - The oil pumped out of Venezuela, is for all intents and purposes, sludge, and requires a particularly capability to refine it. That capability resides in the US. So, if we stop refining his oil, he’s really up the creek.
Hermano Hugo, Come Aciete y mierda.
Pat Robertson was right. 25 cents spent on lead a long time ago would have avoided having to read about this knuclehead again and again.
The people of Venezuela are in for some difficult times.Hopefully not 70 years' worth.
So how would we get oil for those 30 days?
Venezuela produces about 2.8 million barrels of oil per day. We import about 1.1 million barrels of that. They use about 0.6 million and the rest is imported to other countries that are already refining Venezuelan oil.
Top World Oil Producers, Exporters and Consumers
http://www.eia.doe.gov/emeu/cabs/topworldtables1_2.htm
U.S. Crude Oil Imports by Country of Origin
http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_epc0_im0_mbblpd_a.htm
it won't be long, I don't think.
I knew russia was number two in production, but for some reason I didn't know that the US was number three, right behind them.
Use the strategic reserves and import more from other sources.
Venezuela is number four down the list of countries that we import oil from. Canada, our largest supplier, is not even a member of OPEC.
I am not saying it would be cost free. It would definitely jack up the prices of other imports and we would pay more at the pump, but it would knock the legs out of the Venezuelan economy in very short order.
The bottom line is they need to sell to us more than we need to buy from them and if we choke off the supply of dollars, they are going to be in a world of hurt.
They can’t ship it elsewhere. All the refineries are booked via long-term contracts.
***So how would we get oil for those 30 days?
Is your comfort more important than ridding this hemisphere of a lunatic?
Nevermind.....I think I know the answer.
It would not get rid of Chavez.
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