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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Tillerson says Venezuelan... » Reply #59

Response to Mc Mike (Reply #48)

Sun Feb 4, 2018, 09:29 PM

59. Your analysis is waaaay off... but lets examine it.

 

Thank goodness the dRump admin is attempting to ramrod a coup through, just what was needed.

There will be no military coup, as I mentioned, because replacing Maduro with Vlad Padrino is replacing one Chavista with another. Tillerson (and Trump) are morons who know NOTHING about what is going on in Venezuela. But, it appears these uninformed morons are in good company... let us continue with your next point!

If we can destabilize that oil producing nation, whose production only kicks into viability when Standard Oil OPEC prices get high, Rex's buddies can really rape us at the pumps.

It is already destabilized, and it didn't need a bit of help from the United States. The shitstorm in VZ started years ago, long before oil prices dumped and any sanctions on Chavistas were imposed. The sanctions on Venezuela are against 40 Chavistas, and the only other sanction is the prohibition of US citizens to refinance PdVSA debt. PdVSA sells to its affiliate Citgo in Houston, which is unaffected currently. Your analysis is wrong again. But even if it were partially correct, the US is already flush with more heavy oil than it needs. We don't need to import Maduro's sludge.

Price of gas just took a big jump, already, before this coup thing appeared.

The price of gas? Funny you should mention that! Seems Venezuela, despite sitting on the worlds largest reserves of oil, cannot lift its own shitty oil (heavy sour) and cannot refine it if it could. Lift costs of light sweet run about $37 per barrel. It costs about $60 per barrel to lift heavy sour, and it STILL can't be pumped without diluants that it has to import. Venezuela essentially imports in own gas, which it sells at a loss. It essentially loses money on every barrel it lifts and refines.

Where are you getting your information on Venezuela? it certainly isn't grounded in fact, and it appears to be based in hyperbole.

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