The Venezuela thread

What Do You Think About This?

  • Doesn't really make sense.

    Votes: 11 15.3%

  • Unnecessary.

    Votes: 24 33.3%

  • I love it! We can get more oil!

    Votes: 23 31.9%

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

    Votes: 14 19.4%
  • Total voters
    72
#2,228
#2,228
hog88 said:
Why couldn’t Caracas rise to the same level as Dubai?
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I would give its chances of being successful financially slightly better than Mogadishu. You put your money in there, well, if the sanctions ever get lifted and keep us posted.
 
#2,229
#2,229
hog88 said:
Why couldn’t Caracas rise to the same level as Dubai?
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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.
 
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#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.
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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.
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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.
 
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#2,235
#2,235
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#2,236
#2,236
I bet he wishes he didn't tell Trump to come get him. Not so tough now.
It says he suffering from depression & has claustrophobia. Says he doesn't want to eat.
He's having a hard time dealing in reality of where he is now. No freedom of movement.
 
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#2,243
#2,243
CagleMtnVol said:
It's a sanctioned vessel.
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What does that have to do with anything? 😂

tenor.gif
 
#2,247
#2,247
utvolpj said:
The VP under Maduro is now cooperating. Just stunning leadership and I'm sure the people are free now
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If the new/old govt down there was still oppressing the people the press would be on it like white on rice.
 
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