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Caribbean-Latin America |
Venezuela blames U.S for global oil price slump |
2014-10-17 |
Venezuelan President Nicolas Maduro on Thursday blamed Washington for the slump in global oil prices. Washington is "flooding" the market with cheaper shale oil to bring down prices and ultimately impact Russia and other oil-producing nations, Maduro said at a televised Cabinet meeting. "The U.S. and its allies want to affect oil prices to harm Russia, which produces around 10 million barrels per day, and that is the vital income of their economy," said Maduro. I doubt Obean would do such a mean thing to an enemy on purpose. As a by-product of some other political necessity, however . . . . Market analysts say a 20-percent dip in oil prices since June is driven by lower economic growth and weak demand for crude in Europe, along with signs that the core Gulf members of the Organization of Petroleum Exporting Countries are in no hurry to cut production. Maduro called for an extraordinary meeting of the group to explore ways to stabilize international oil prices. Boo hoo. Only $80/bbl. How much does it cost to get produce that barrel? $5? I don't know, but it isn't nearly as much as $80/bbl. So now you only get $70/bbl to fund your favorite dictator and/or terrorist groups. |
Posted by:gorb |
#9 What does it matter to you? Your are only at 20% capacity with your wells, and that nasty oil costs too much to refine. Make your own economy. |
Posted by: newc 2014-10-17 22:06 |
#8 Steve, it ain't that simple. In 1993 Venuzuela's economy was centrally planned, but it worked a lot better. It was centrally planned for the benefit of Venezuelans rather than Russians, Chinese, and Saudis. Noone really knows who Maduro is really working for, just that it ain't Venezuela. |
Posted by: Thing From Snowy Mountain 2014-10-17 21:20 |
#7 Let's see you central plan your way out of this! Welcome to the world of market economies, bitchez. |
Posted by: SteveS 2014-10-17 20:08 |
#6 Exactly. Now there is a new player in the global market. Wait for it... KISS MY ASS Venezuela! |
Posted by: 49 Pan 2014-10-17 19:47 |
#5 Venezuela has its governmental a$$ in a crack. They made a deal to have Chicoms buy the oil for loans and such. Basically they are selling it to keep the cash flowing. Now the price is down, they are getting the squeeze. The Maduroites are screwed. /crocodile tears |
Posted by: Alaska Paul 2014-10-17 17:45 |
#4 When the LockMart Skunk Works fusion reactors come online you jerks are sunk! |
Posted by: 3dc 2014-10-17 14:30 |
#3 Definitely don't blame DC. Those fucknuts are on your side. |
Posted by: DarthVader 2014-10-17 13:07 |
#2 You're welcome. However, point of order. Washington is not flooding the market with cheap oil. The Dakotas maybe and a couple of other states, but Washington has been working the paper as best they can to stop it. |
Posted by: Procopius2k 2014-10-17 12:48 |
#1 HAAAA-HAAAA-HAAAA! You poor babies. |
Posted by: Crins and Tenille5124 2014-10-17 12:44 |