Article

2006-09-30 Caribbean-Latin America

Venezuela to join Nigeria in production cut as prices skid

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Posted by Fred 2006-09-30 00:00|| || Front Page|| [11131 views since 2007-05-07] Top

#1 Didn't I read here that Hugo already couldn't meet his current production commitments domestically and was buying ~~Soviet~~ Russian oil to make up the dif?

Posted by PBMcL 2006-09-30 01:04|| 2006-09-30 01:04|| Front Page Top

#2 yep - he's overpromised and the price cuts won't make him any better. Couldn't happen to a nicer asshole

Posted by Frank G 2006-09-30 01:10|| 2006-09-30 01:10|| Front Page Top

#3 I wonder whether he'll drop production by the exact amount of the 7-11 account.

Posted by Super Hose 2006-09-30 01:24|| 2006-09-30 01:24|| Front Page Top

#4 he needs the coin - he won't sh*t

Posted by Frank G 2006-09-30 01:36|| 2006-09-30 01:36|| Front Page Top

#5 won't cut sh*t....dammit

Posted by Frank G 2006-09-30 01:36|| 2006-09-30 01:36|| Front Page Top

#6 Hugo is calling his declining output, due to his meddling in things he should have left alone. productions cuts. What a laugh, what a total moron. He can't afford to cut anything; he is over spending like a crack hooked heiress .

Posted by Sock Puppet of Doom 2006-09-30 02:27|| www.sockpuppetofdoom.com]">[www.sockpuppetofdoom.com] 2006-09-30 02:27|| Front Page Top

#7 The new taxes on the heavy stuff he imposed isn't helping. Money is jumpy and maybe likes Ft. McMurrary better.

How's the viaduct coming along?

Posted by 6 2006-09-30 07:59|| 2006-09-30 07:59|| Front Page Top

#8 SuperHose - 7-11 dropped the Citgo (Chavez) BRAND, but there's a real good chance they're still buying the oil from the same refinery (which may or may not be an actual Citgo refinery), and if they are not, then someone else is. They don't really have much choice - we don't have a lot of spare refineries sitting around. This is not a knock on 7-11 - at least they did what they could; just don't go thinking it will break Chavez.

Posted by Glenmore">Glenmore 2006-09-30 08:50|| 2006-09-30 08:50|| Front Page Top

#9 It's got to hurt, even if it's only psychological, there's a hell of a lot of 7-11's out there.

Posted by Redneck Jim 2006-09-30 10:01|| 2006-09-30 10:01|| Front Page Top

#10 Yeah 62 bucks for oil is real cheap...

Posted by Danking70 2006-09-30 13:28|| 2006-09-30 13:28|| Front Page Top

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