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Look on the bright side, with oil prices low the super high gas subsidies are mildly less ruinous to pay for.
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# ¿ Aug 25, 2015 22:45 |
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# ¿ May 5, 2024 02:11 |
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Might it also have been starting to run out of suitable locations?
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# ¿ Sep 7, 2015 17:51 |
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JohnGalt posted:It's possible. It would probably make more sense to use less rigs in that case. However, Venezuela has the 'largest' oil reserves in the world. Even if you only look at conventional sources, they are pretty significant. Yeah but even if you have huge reserves, if most of the good locations over it are taken up, it could be harder to get new successful wells.
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# ¿ Sep 7, 2015 19:31 |
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PerpetualSelf posted:Venezuela lost a important case in the International Court of Human Rights regarding the RCTV License to broadcast. The international court ruled that RCTV must receive its license back. Does that court actually have any ability to enforce that though?
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# ¿ Sep 8, 2015 01:16 |
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If Venezuela threatened to develop nuclear weapons, the US could unilaterally impose crippling sanctions by refusing to ship refined Venezuelan oil back to them. They can barely refine any of their own, and the next closest refineries that can handle it are iirc either in the middle east, Russia or Australia.
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# ¿ Sep 24, 2015 03:54 |
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M. Discordia posted:I'm saying that we don't remember that Allende had already destroyed human rights, civil society, and the economy in Chile, precisely because of what came after and how much longer-lasting and worse it was. Also because he didn't do any of that. That's the main reason we don't remember that thing, because that thing never happened.
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# ¿ Sep 24, 2015 21:28 |
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beer_war posted:Guys, the likelihood that Borneo Jimmy is receiving PSUV funding and / or training is extremely high. Only in as much as PSUV funding is slang for no money, and PSUV training is slang for "clinical stupidity".
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# ¿ Oct 11, 2015 22:45 |
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Demiurge4 posted:Can someone quickly sum up the core reasons for the shortages? Is it just inflation loving with imports? The whole wildly spiraling inflation plus the crashing economy is playing hell with imports, yes.
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# ¿ Oct 24, 2015 02:58 |
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Related to all this, once you account for inflation, isn't oil pretty close to all time lows, or at least all time since oil went from "trash liquid that bubbles out in weird places" to "major natural resource"? And hasn't stayed at near all time low levels for a sustained period? All else being equal, and considering their population, Venezuela was still going to be in quite the squeeze at this point regardless.
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# ¿ Nov 2, 2015 04:50 |
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# ¿ May 5, 2024 02:11 |
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-Troika- posted:Venezuela is well on it's way to becoming the second North Korea. North Korea is partially backstopped by being difficult to invade without a ton of effort, and by having its entire citizenry being about to become the needynew citizens of the country next door when the war's over. Additionally, its rich mineral wealth requires a ton more investment to exploit after the war. Meanwhile Venezuela is relatively easy to invade by a regional let alone world power, the population isn't going to all become the responsibility of Colombia or whatever and the oil can be pumped again with relatively minimal effort after the war.
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# ¿ Nov 2, 2015 16:52 |