Venezuela, people eating rubbish

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How Venezuela Ruined its Oil Industry.
Venezuela’s highest-ever oil production occurred in 1998 at 3.5 million barrels per day (BPD). That also happened to be the year that Hugo Chávez was elected president of Venezuela. During the Venezuelan general strike of 2002–2003, Chávez fired 19,000 employees of the state oil company Petróleos de Venezuela, S.A. (PDVSA) and replaced them with employees loyal to his government.

This eliminated a tremendous amount of experience from Venezuela’s oil industry.
In 2007 oil prices were on the rise, and the Chávez government sought more revenue as the investments made by the international oil companies began to pay off. Venezuela demanded changes to the agreements made by the international oil companies that would give PDVSA majority control of the projects. Total, Chevron, Statoil and BP agreed and retained minority interests in their Venezuelan projects. ExxonMobil and ConocoPhillips refused, and as a result, their assets were expropriated. (A World Bank arbitration panel has ruled against Venezuela in both expropriation cases, but the country continues to appeal the decisions).

So there are primarily two related causes that have resulted in the steep decline of Venezuela’s oil production, despite the sharp increase in the country’s proved reserves. The first is the removal of expertise required to develop the country’s heavy oil. This started with the firing of PDVSA employees in 2003 and continued with pushing international expertise out of the country in 2007.

Second, the Chávez government failed to appreciate the level of capital expenditures required to continue developing the country’s oil. This was in no small part due to inexperience among the Chávez loyalists that were now running PDVSA, but it may not have mattered in any case. When oil prices were high, Chávez saw billions of dollars that could be siphoned to fund the country’s social programs, and that’s exactly what he did. But he failed to reinvest adequately in this capital-intensive industry.
So, can Chávez under-invest in the industry while diverting money to his pet causes? He can for a while, but you can see the results. Despite having enormous oil reserves, he and his cronies are running Venezuela’s oil industry right into the ground. His generosity to the poor has only been possible because he had a goose that laid golden eggs because they constantly reinvested money back into the business. Once he kills the goose, where is he going to get the money to continue his programs?
 
Thank you for this. It’s not the homeless and drug addicts that are rummaging trash cans for food and toilet paper in Venezuela.
I didn’t see a post that indicated this.

I did see a post following one that was deciphering other countries and these issues.

Homelessness and drugs can be a consequence of a poor economy, within economically depressed communities we see it frequently. Furthermore, poor economics creates refugees of those attempting to flee these conditions.

Could you indicate where the Venezuelans were being likened to this?

I would care to read it.
 
Is Saudi Arabia suffering from plummeting oil prices? UAW?

Qatar[edit]​

Main article: Economy of Qatar

Qatar currently enjoys the region’s highest per capita GDP at $101,000.[42] It has derived its wealth from exploiting its natural gas reserves. With the revenues from its hydrocarbon industries Qatar has established a rentier economy. Qatar has also established the largest per capita sovereign wealth fund in the world. With a population under one million, the government has not found it necessary to diversify its economy.
 
You have that, you have most of the free world, EU, recognizing Guiado as the leader of Venezuela.
The fact that most of the imperialist world has rallied around Guiado is not a point in his favour. This is a man who never even ran in an election, and a man who has called for stricter sanctions against the country he supposedly represents
One can find very detracting pieces on Bolsonaro, Brazil’s new leader and in regards to the Amazon forest, the rights of Indigenous people and so on.
The fact that you want to play down Bolsonaro’s terrible government is pretty telling, as is the fact that Guiado and international capital do the same.
 
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qui_est_ce:
Thank you for this. It’s not the homeless and drug addicts that are rummaging trash cans for food and toilet paper in Venezuela.
I didn’t see a post that indicated this.

I did see a post following one that was deciphering other countries and these issues.

Homelessness and drugs can be a consequence of a poor economy, within economically depressed communities we see it frequently. Furthermore, poor economics creates refugees of those attempting to flee these conditions.
Most of the homeless I have seen in Santa Monica and LA are white males. Santa Monica is not an economically depressed city.
Could you indicate where the Venezuelans were being likened to this?

I would care to read it.
Are you speaking of Venezuela or of the USA? I see people in the USA scavanging from rubbish bins all the time. And there are streets in the USA which are lined with people living in tents.
I read that post as likening scavenging Venezuelans to homeless in the US. Maybe I am wrong?
 
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National Geo. is correct. They are a country dependent on imports with a plummeting fall in the price of their main export, oil, limiting their purchase power. (less money in, less money out) This has been “in the works” since the Chavez era. Right now it’s the pimple coming to a head.

Their crisis is economical as is the current refugee crisis at our border.

People will ravage, migrate, and do what is necessary to eat. see how that works?
Nope, wrong.

Oil prices only exacerbated what their govt had wrought.
They’d still be in a pickle with high oil prices,
Govt mismanagement was reducing production and increasing costs. Their social welfare was also sucking up the cash they did get.
 
Thank you for pointing that out. I believe the poster was asking a question but I could be wrong.
 
Oil prices only exacerbated what their govt had wrought.
They’d still be in a pickle with high oil prices,
Govt mismanagement was reducing production and increasing costs. Their social welfare was also sucking up the cash they did get.
I’d respectfully disagree mainly due to cause and effect.

When ones economics is based on a 95% oil export and one looses that income substantially, surely there will be suffering if not managed correctly. The management of the money and the government managing it was not being praised!~
 
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Thank you for pointing that out. I believe the poster was asking a question but I could be wrong.
As I said, I took the question to mean he was making a comparison with American homeless people scavenging with Venezuelens. @AlNg Was I wrong?
 
Of what I understand, the situation was exacerbated by Chavez Social programs. Claiming a free country while running a socialist utopia. He also change control of all mayor companies to the control of the government, and even the bank is government run. All of this while oil barrels where at over $100 a barrel, which helped him keep up some of this. And he asked for more money and creating the largest debt of any country.

Then the oil prices went down, and he could not pay for all the Social programs he had placed, and then came Maduro, or something like that.

Well, with Maduro, things got a whole lot worst than they where. Now being broke, and controlling everything, it is all about how imperialism is the problem. Which makes no sense, since they are socialist, and control everything.

As I also understand, Juan Guaidó did not just popped out of the blue. He is someone kind of like the third in power or something like that. And using their constitution, and the recent failed elections, he claimed that Maduro is no longer in charge and that leads him to power.

It is a whole mess, and this goes back to many many years. Chavez for example lead two failed government coups before he was elected.
 
The fact that you want to play down Bolsonaro’s terrible government is pretty telling, as is the fact that Guiado and international capital do the same.
So it’s pretty telling. Yet, you have given no examples, the man has been in office for 2 months and you call the government “terrible”, this is pretty close to a personal attack if not so maybe this conversation will not even continue as far as that is concerned. I have seen no examples of a terrible government by Bolsonaro (no, a tweet does not qualify).
The fact that most of the imperialist world has rallied around Guiado is not a point in his favour. This is a man who never even ran in an election, and a man who has called for stricter sanctions against the country he supposedly represents
I’d say the free world recognizes him.

Okay, and the countries rallying around Maduro are indeed, totalitarian states, human rights violators, unfree countries, dictatorships and that means

China
Turkey
Russia
(Maybe) Syria
Cuba
Iran

So, indeed, the opposite side is certainly nothing to be proud of. This map is from the end of January, the EU called for free elections to make their decisions. Free Elections have not been called, therefore, I believe the EU can be included in the “Imperialist” bloc. And most of Latin America.

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Now, some of the EU do recognize Guiado, I guess, these nations are all the Imperialist world. One has to check the latest. Sweden at a minimum called for elections.

From the CNN article:
(CNN)A group of major European nations recognized Venezuelan opposition leader Juan Guaido as the country’s interim president on Monday, urging him to hold free and fair elections.

The coordinated move came after President Nicolas Maduro ignored a demand set by some EU nations to call snap elections by the end of Sunday. Spain, the United Kingdom, France and Germany were among the European nations to recognize Guaido’s legitimacy.
To all! The refugee crisis does not lie, see Spain above? They have over 200,000 Venezuelan refugees as well, per the United Nations own figures.

Again, I would personally say the refugee crisis is the most tell tale sign of what is happening in VZ.
 
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What is an imperialist country?
I think sometimes words are just to throw into a conversation, I’ve heard often, concerning other matters, “neo-con”, well, one is being a neo-con in such and such a situation.

Ecuador I guess, is an imperialist country.
 
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So it’s pretty telling. Yet, you have given no examples, the man has been in office for 2 months and you call the government “terrible”, this is pretty close to a personal attack if not so maybe this conversation will not even continue as far as that is concerned. I have seen no examples of a terrible government by Bolsonaro (no, a tweet does not qualify).
He has already essentially handed over the fate of the Amazon to large-scale agricultural capital. He has been praised almost universally for being “friendly” to international capital, and promoting “neoliberal” policies. He has shown himself to be open even to the idea of allowing a US military base in Brazil. This is all ignoring his general nationalist, racist and homophobic rhetoric, which is not irrelevant despite what you’d like to imply.

Besides representing pretty unpleasant social forces within Brazil, he’s loved by much of the developed capitalist world because he promises to be mostly subservient to the needs of international capital.
So, indeed, the opposite side is certainly nothing to be proud of.
Of course. Imperialism is a feature of capitalism, not a product of national flaws. Capital naturally divides nation-states into competing imperialist blocs. My point is merely that the opposition to Venezuela is an imperialist one, and is not driven by any earnest concern for the well being of the Venezuelan people.

Saudi Arabia was mentioned earlier in the thread, and how they continue to prosper despite declining oil prices. Despite the oppressive state of their government, there is no call from the UK or USA for regime change. What is the difference between them and Venezuela, do you think?
 
@Regular_Atheist
So you are saying they like him because he promises to do what works,
what has been shown time and time again to get an economy working (regulated capitalism),
to get his people productively employed AND FED.
Yea, I can see why you think that’s despicable.
 
The fact that most of the imperialist world has rallied around Guiado is not a point in his favour. This is a man who never even ran in an election, and a man who has called for stricter sanctions against the country he supposedly represents
Imperialism: a policy of extending a country’s power and influence through diplomacy or military force.

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Imperialism is a hallmark of socialism.
 
The question is… what can we do? Well we can plead to God with the help of our blessed Mother. They know better that we do on what to do.

Hail Mary Full of grace…
 
This is horrible if true.
That article is rubbish. People are constantly dying in hospitals all across the world, whether the power is on or off. The article gave no connection they would still be alive if the blackout had not occured.

I totally agree lack of power is a very serious problem, I just don’t like how the writer fakes a connection between the data and the issue to sensationalize a story on power outages.
 
I totally agree lack of power is a very serious problem, I just don’t like how the writer fakes a connection between the data and the issue to sensationalize a story on power outages.
https://www.aljazeera.com/blogs/ame...ackout-electricity-chemo-190308222411581.html

You certainly are welcomed to your opinion. I can see how lacking electricity would greatly complicate matters at hospitals. I think it’s a very good article.
Marco Rubio ‏Verified account @ marcorubio 54m54 minutes ago

4/5 As of 8:30pm last night 17 deaths have been reported in hospitals due to lack of electricity. The true number is higher. Patients on life support,in neonatal ICU have died & more will die in coming hours. Dialysis patients face certain death if they don’t get services soon.
 
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