Associate
- Joined
- 6 Jul 2008
- Posts
- 1,841
Could this possibly be used by the oil speculators to mess things up?
I'm sure if it could, they would.
I'm sure if it could, they would.
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Gaddafi had good relations just before the arabic spring, especially European leaders...what do you have to say about this
I'm sad to see Hugo Chavez die. I will be having his initials engraved on my bathroom taps to comemorate his passing.
Wow, don't scroll up a bit or anything...
Oh well, another dead Trotskyite; boo hoo etc...
I'll provide the top hat and tap shoes!If that's your opinion then fine, I just don't want to see any moaning when I'm dancing on Thatchers grave![]()
I just fail to see how Chavez is our enemy because he didnt bent over for cheap oil, if he was good for his people then he was a good man, period. Venezuelans will have the last word..
Media portrayal can never be trusted, get real guys
I just fail to see how Chavez is our enemy because he didnt bent over for cheap oil, if he was good for his people then he was a good man, period. Venezuelans will have the last word..
Chavez upset big American money. In his first few years in power he changed foreign oil companies' cut from 84% of the barrel price to 70%, and he also reduced the amount of oil they were allowed to produce. ExxonMobil et all saw a dip in their profits overnight (at a time of unprecedented growth). He used the money the new deal raised to build houses for the poor (replacing shanties), and to provide free health care and education. In turn, this ensured he was a fairly popular figure among the poor (though not universally liked) and utterly despised by the rich immigrant elite who used to run the country. Then he set about reclaiming millions of acres of unused land, requiring landowners to sell it to the poor on the cheap. In response to an attempt to buy it's unused land, Heinz closed it's Venezuelan plantation and sacked all the workers. Chavez then sent the military to repossess the plantation and restore the workers to their jobs.
He upset the oil companies again when it came to heavy oil, proposing a guaranteed (but fixed) $50/barrel price on a 30-year contract. Venezuela would become rich, the oil companies would have a more stable income far from the worries of the Middle East and a vast supply of cheap Venezuelan oil would keep oil prices down. The deal was rejected. If Venezuelan heavy oil stays in the ground, and the US and Britain keep the middle east in turmoil, the price of oil (and oil company profits) will continue to rise.
It's the usual short termism. Venezuela is now China's largest foreign infrastructure investment - they've invested heavily in the country since around 2009, attempting to fix many of Chavez's failed infrastructure projects. As it stands, if Nicolás Maduro wins the upcoming election, it seems probable that the Venezuela's heavy oil will find it's way out of the ground via Chinese companies - it's China that's helping to build the infrastructure needed to make it happen. Time will tell if it will happen under the terms that Chavez wanted - if it does, then expect a steep drop in oil prices in a few years' time.
On the man himself; like every successful politician, he did good things and bad. There isn't a single one of them without blood on their hands. Measured against his peers, he was an idealist and an administrative failure. I do, however, admire his courage and resilience, his dedication to his ideals and principles. It didn't go to plan, but he gave socialism his best shot, and changed the lives of millions in the process (For better or worse? Either way, at least he tried to liberate Venezuela's poor).
lol.
I'm sure all those who call him great have first hand experience of life in Venezuala.
More moronic than "believing" what the media says (and most people read, digest and form an opinion rather than blindly reciting) is people who instantly believe the opposite of what comes from the media with no facts, figures or anything to back it up. They just merely believe that it is false.
is he some sort of football player ?
lol.
I'm sure all those who call him great have first hand experience of life in Venezuala.
More moronic than "believing" what the media says (and most people read, digest and form an opinion rather than blindly reciting) is people who instantly believe the opposite of what comes from the media with no facts, figures or anything to back it up. They just merely believe that it is false.
Yes, he was the left back for Atletico El Vigia