Eh, the reason there’s so little exports is because the extraction collapsed when all the workers at the national company, PDVSA, were fired in a single day for political reasons. Then the drop in prices in 2015 further destroyed all facilities. Even if the US invades today, it would take decades to rebuild the infrastructure back to pre-2000 levels of export.
It is a combination of sanctions and a lot of infrastructure being broken. But a lot can be repaired relatively quickly. You do not need peak production levels to make a hell of a lot of money.
Their oil is bad and investing in new oil drilling is likely to yield low returns as a crash is incoming due to renewables being cheaper and most states having a desire to alleviate climate change risks.
and that is why the oil industry funds the far right with such insane sums. It is also really good news, as a decline in oil consumption is really going to hurt the far right.
It’s because their name is so fun to say.
Ven-e-zue-la!
surpriced Pikachu face
Well we have reserves in barrels and export ind dollars.
So nobody can get any information about how much oil was actually exported.
I don’t know the oil price. I don’t think everyone is paying the same.
This is almost useless
Venezuela Oil is poor quality which means it costs a lot to refine.
Wouldn’t refining companies like that?
Tell people this and they’ll blink at you like you just asked a fish to do calculus.
The public is woefully ignorant on how the oil industry as a whole works, the vast majority of people don’t even know that there are different qualities and weights of oil that are suited for different things.
Climate heroes
Removed by mod
It’s always been about the oil with Venezuela. The US does not care about the legitimacy of foreign elections and never has, anyone who believes that is an idiot,
B-but the drugs… Don’t ask about the reasons of the opioid crisis in their country though
To misattribute a quote to Gordon Ramsey: “You’ve put so much oil in this, the US want to invade the plate”.
And they’d be exporting plenty if they weren’t sanctioned by the world’s largest military and single biggest consumer of oil.
Literally the most similar country on Earth to Venezuela, both politically and economically, is Norway. But they’re white. That’s the big difference.
Lol, I wish. Norway is as similar to Venezuela as North Korea and New Zealand are to each other.
The United States of terrorist America are going for the worst outcome for climate change: more fossil fuel through war. There is no hope for future generations if this goes through
But but but the west loves the free market and all that…
These wankies only care about “free market” when they’re on the top exploiting.
As soon as a strong competitor appears, the market is cornered, blackmailed, forcefully sold off to friends/families, or simply sanctioned or embargoed along with countries who are willing to do business with them.
oh I wonder if it’s oil…
Clicks in
It was oil
Better yet, our military gets there and can’t find oil. Oops, let’s prop up another dictatorship
Guess Iran and Canada better get some goddamn nukes then
Not allowed only the countries who had nukes firsts are allowed to have them ever its nuclear non proliferation on top of that the ones that have them pinkie promise to phase them out any day now. This is totally fair and balanced and we will bomb you if you disagree.
At this point everyone should get nukes
You get a nuke, and you get a nuke, and you get a nuke, everybody gets a nuke!
Yo someone go let Iran know that they should probably be getting nukes. Not sure if they’re aware of the need /s
No guys, seriously? Its definitely 100% about
their freedomthe drug “problem”.
