Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… The Sad Think with Venezuela [#oil exploration]…

Posted by paulfromwloh on Sunday,September 18th,2016

.. Venezuela is an oil – rich nation , that is no doubt . However , its legacy is being squandered by the Chavistas and now Nicolas Maduro and his gang , with an assist from Cuba …

.. it has an even richer legacy , one that is right now largely going unexplored . It is the Orinoco Basin . Outside of the United States , the Orinoco Basin is one of the largest unexplored areas of shale oil on the planet . Most estimates put the holdings there at about 150 billion barrels to 175 billion barrels of oil . Yes , they are that large . But , right now , nothing . Courtesy of the Chavistas …

.. [h/t — WFB.com]..
.. [link] to the book review …

.. courtesy of the economic insanity that is Venezuela and other countries like it [such as Ecuador] , that are will continue to go largely unexplored . The investment capital that would flow into that area in massive quantities [in a lawful country] is cutoff in a legalistic fantasyland like Maduroland [Venezuela] or Correaland [Ecuador] …

.. In Cuba ‘ s case , it is their lifeline . They receive an extraordinarily generous oil subsidy from Venezuela . They need it , or else , it is bye – bye Communistas …

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