Article

2006-04-28 Caribbean-Latin America

ft: Venezuela buys Russian oil to avoid defaulting on deals

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Posted by 3dc 2006-04-28 08:57|| || Front Page|| [1 views since 2007-05-07] Top

#1 His follow-up to another is just as good:

Question:
Are you saying that you approve of the cartelised oligopoly that masquerades as the world oil market? That goes against pretty much every globalisation and market liberalisation text ever written.

Answer:
no, I think the cartel is wrong. I was just pointing out, mainly for some people, that far from the owners of oil reserves getting a poor deal in the alleged global capitalist conspiracy the opposite is in fact true.

Furthermore the great irony is that those who maintain I am wrong, like ..., and that the global oil market is rigged against producers and in favor of the US (I mean consumers LOL) are actually not serving their electorates well at all. Perhaps this isnt really surprising?

And my denoument that the "Great Game" is over is I think something that few outside of the oil industry have realised. The end of the hydrocarbon age is beckoning if not already upon us, thats why big oil is rapidly transforming itself into a manufacturing industry that will produce unconventioanl hydrocarbons and then the successors to hydrocarbons.

OPEC, by their greed, have in fact blown it. What value oil reserves if the world in 20-40 years no longer runs on oil? Most of OPEC have decades more oil to produce than that. Still, its been a lucrative 30 years and its a fine party today. Generational solidarity?

WS

Posted by 3dc 2006-04-28 09:14|| 2006-04-28 09:14|| Front Page Top

#2 Can we start a "Moonbat Petroleum Services" as an IBC and buy his oil at below market to resell elsewhere as a covert economic warfare op? Think about it...we could bankrupt Hugo and his Bolivarian Revolution and make a killing doing it...

Posted by mjh 2006-04-28 09:52|| 2006-04-28 09:52|| Front Page Top

#3 Add to this the "smash and grab" he has done with the big oil companies, and I think he is going to find it hard to attract foriegn investment in the future.

Posted by bigjim-ky 2006-04-28 10:08|| 2006-04-28 10:08|| Front Page Top

#4 Hugo Chavez is the Robert Mugabe of oil.

Posted by RWV 2006-04-28 10:42|| 2006-04-28 10:42|| Front Page Top

#5 He has been lying about how much PDVSA has been producing and now it has caught up with him.

Posted by TMH 2006-04-28 16:00|| 2006-04-28 16:00|| Front Page Top

#6 HA! HA! HA! HA! HA! HA! HA! HA! HA!

Posted by newc">newc 2006-04-28 16:05|| 2006-04-28 16:05|| Front Page Top

#7 If communists governedd Sahara this would have to import sand. IF they governed Saudi Arabia this would have to import oil.

Posted by JFM">JFM 2006-04-28 16:12|| 2006-04-28 16:12|| Front Page Top

#8 I agree, they are that stupid!

Posted by TMH 2006-04-28 16:35|| 2006-04-28 16:35|| Front Page Top

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