The Venezuela thread

What Do You Think About This?

  • Doesn't really make sense.

    Votes: 11 15.5%

  • Unnecessary.

    Votes: 23 32.4%

  • I love it! We can get more oil!

    Votes: 23 32.4%

  • I can see why it might happen, but not comfortable with it.

    Votes: 14 19.7%
  • Total voters
    71
#2,229
#2,229
hog88 said:
Why couldn’t Caracas rise to the same level as Dubai?
Click to expand...
Population. Dubai had far fewer people (today there are about 400K citizens) to worry about, which let them put huge amounts of their oil and gas money into developement. Venezuela's got 32M people and their oil's expensive to produce. I saw a talking head say their breakeven on new production is $80/bbl. I don't see them having anything close to the surplus funds to invest that Dubai had.
And we'd probably never allow it with their Commie tendencies.
 
  • Like
Reactions: BeardedVol
#2,230
#2,230
EasternVol said:
Population. Dubai had far fewer people (today there are about 400K citizens) to worry about, which let them put huge amounts of their oil and gas money into developement. Venezuela's got 32M people and their oil's expensive to produce. I saw a talking head say their breakeven on new production is $80/bbl. I don't see them having anything close to the surplus funds to invest that Dubai had.
And we'd probably never allow it with their Commie tendencies.
Click to expand...

So it could be close to Dubai. Which would be a heck of an improvement over what it is today.
 
#2,231
#2,231
hog88 said:
So it could be close to Dubai. Which would be a heck of an improvement over what it is today.
Click to expand...
I don't see it getting anywhere near what Dubai is today for a long time. Venezuela's got a whole lot of fundamentals to fix and mouths to feed before they can start thinking about Gulf level prosperity. But getting on the right track now will help them in that direction.
 
  • Like
Reactions: USF grad in TN
New Posts
You must log in or register to reply here.

Advertisement



Back
Top