Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘Hugo Chavez’

… 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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… Ouch ! A Stunning Rejection of Maduro [#Venezuela][#Chavez][#socialism]…

Posted by paulfromwloh on Saturday,December 12th,2015

.. the Chavistas adopted economics [i.e. , socialism] , and look at what a grand old mess it has made : …

.. [-] oil — Venezuela is one of the most richly endowed oil rich nations in the Western Hemisphere . it is able to produce more than 2.5 million barrels / day , but the output has been sliding over the last 20 years . A grievous lack of investmest is the cause , and the Chavistas wonder why ?? …

.. [-] more oil more oil — Venezuela is also blessed with one of the largest oil shale regions in the the world . The region ,called the Orinioco , has an estimated 250 billion to 300 billion barrels of proven reserves . That would make it more than double the size of the reserves of any Middle Eastern nation . Yet , their development has barely scratched the surface . A grievous lack of capital investment is crying out to exploit this region. Guess why ??

.. [h/t — HotAir.com]..
.. [link] to the blog post ..

.. now all of the years of gross economic mismanagement has caught up to the Chavistas . Hugo Chavez has been dead and buried for a couple of years , but his successor , Nicloas Maduro , has to live with the economic RUINS OF WHAT Chavez – style socialism has wrought ..

.. The Venezuelan conservative opposition has [miraculously] won almost a 3/4ths majority in the Venezuelan national Assembly . With that majority [presuming Maduro and his cronies allow it to stand] , the opposition can do quite a bit to reform Venezuelan society ..

.. I wish them luck . Maduro and what is left of the remaining chaveztas will not make it easy for them to try to govern …

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