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Policy
Oil
Venezuela
Energy
Economics
Posted 9 y ago
Responses: 6
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That is very ironic but great news CPO Tim Dickey. So much for socialism and how wonderful it is supposed to be as a solution for the nation's woes.
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CPO Tim Dickey
I covered VEN extensively while on staff at SOUTHCOM and SOCSOUTH. You have no idea how I delight in news like this, LTC Stephen F.!
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Self inflicted wound! When the Chavez regime nationalizesd PDVSA they forgot one little thing: the need of expertise on operations/maintenance of the very complicated systems that runs the business. That and their Revolución Bolivariana got them where they are now.
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SMSgt Lawrence McCarter
Exactly, that is a self inflicted wound and failed to maintain even the refineries and have to export their own oil to other countries to refine it so they can then actually sell it .
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Of their economy is in such shambles the first question on my mind is how are they paying for this oil? As an oilfield worker is is good new,but only if money is coming back in to the US.
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CPO Tim Dickey
SGT Benjamin Lindsey, corporate intermediaries. There's a web of economic activity that happens out of the general public's sight that makes this happen.
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