Not for progs, their purpose is the dole.The only purpose is a pay check.
Not for progs, their purpose is the dole.The only purpose is a pay check.
THen they have no sense of purpose and are only after the money.What if they work for the gubment?
Same thing. Government cheque. Money for nothing.Not for progs, their purpose is the dole.
Just devalue the currency, crank up the interest and spur inflation. No biggie for the Govt. just everyone else.There's never been a surety to take the liability of the government.
What do you fantasize you're going to do? Send a repo man to seize the Army? Put a lien on Parliament Hill?
Just devalue the currency, crank up the interest and spur inflation. No biggie for the Govt. just everyone else.
No refineries means no refineriesWould there have been a fuel shortage in Venezuela if capitalism was allowed to flourish?
First Iranian oil tanker reaches Venezuela despite U.S. threat
Mostly a NZDoug type US attack piece but this portion of the article says a lot
U.S. sanctions, basically.Yep they successfully turned back a few tankers of refined products from reaching the Venezuelan coast, why can't Venezuela refine their own oil NZ?
But after years of underinvestment and lack of maintenance, says it all right there . Don’t worry Chavez’s daughter got a nice fat Swiss bank account instead .U.S. sanctions, basically.
Explainer: Why oil-rich Venezuela is suffering severe gasoline shortages
(Reuters) - At least five Iranian tankers carrying fuel are currently en route to gasoline-starved Venezuela, which has the world’s largest crude reserves. The United States, which maintains sanctions on both OPEC members, is weighing a response to the supply.
Below is a summary of the factors contributing to Venezuela’s gasoline shortage:
WHY ISN’T VENEZUELA PRODUCING ENOUGH GASOLINE?
State oil company Petroleos de Venezuela’s [PDVSA.UL] refinery network has the capacity to produce 1.3 million barrels per day (bpd) of fuel. But after years of underinvestment and lack of maintenance, those refineries processed just 101,000 bpd of crude and produced just 7,000 bpd of gasoline in March, according to an internal PDVSA document.
The South American country’s gasoline consumption has dropped significantly in recent months due to a quarantine designed to stop the spread of the coronavirus. Authorities are distributing just 30,000 bpd of gasoline to service stations across the country, according to an industry source, compared with pre-lockdown consumption of about 170,000 bpd.
CAN’T VENEZUELA IMPORT GASOLINE?
In recent years, PDVSA has accepted imported fuel as payment for its crude exports. But these so-called swaps with its main partner, its U.S. refining subsidiary Citgo, were interrupted when the Trump administration sanctioned PDVSA in January 2019 as part of its bid to oust Maduro, a socialist.
Since then, Washington has also pressured PDVSA’s other trade partners, such as Spain’s Repsol (REP.MC), Italy’s Eni (ENI.MI) and India’s Reliance, not to supply gasoline, though they had been given permission to ship diesel, which is seen as necessary for distribution of food and other vital goods.
The shortages grew far more severe after Russia’s Rosneft (ROSN.MM), which in 2019 became the main intermediary for Venezuela’s crude and its main fuel supplier, halted operations in the country in March, after Washington sanctioned two of its trading units for dealing with Venezuela.
IS THE GOVERNMENT TRYING TO IMPROVE THE SITUATION?
PDVSA is trying to restart the catalytic cracking units - which are fundamental for gasoline production - at the 146,000 bpd El Palito refinery <C}RO7309414339> and the 310,000 bpd Cardon refinery, which has received materials to help its restart via plane shipment from Iran.
In addition to the pending imports of fuel from Iran, the country received a 150,000-barrel shipment of gasoline in late April from Maroil Trading, a Venezuelan fuel magnate who in 2002 had come to late President Hugo Chavez’s rescue by shipping gasoline to the country during a PDVSA strike.
https://www.reuters.com/article/us-venezuela-gasoline-explainer-idUSKBN22V32G
But after years of underinvestment and lack of maintenance, says it all right there . Don’t worry Chavez’s daughter got a nice fat Swiss bank account instead .
So Chavez’s daughter did get a nice fat Swiss bank account .Its a little bit deeper than that.
....................................................
United States National Security Advisor John R. Bolton outlined the policies of the administration of United States President Donald Trump towards Venezuela in a November 2018 speech, describing Venezuela as part of a troika of tyranny, along with Cuba and Nicaragua.[18] Bolton has alternately described the three countries as the "triangle of terror"[19] and the "three stooges of socialism",[20] stating that the three are "the cause of immense human suffering, the impetus of enormous regional instability, and the genesis of a sordid cradle of communism in the western hemisphere".[19] The United States has condemned actions of the governments of the three Latin American nations and has maintained both broad and targeted sanctions against their leadership.[19]
Into 2020, President Donald Trump expressed that he believed that the removal of Maduro from office was occurring to slowly and that incremental processes, such as sanctions, did not provide results.[21] Because such processes to remove Maduro were unsuccessful, President Trump began to consider military options, including a naval blockade against Venezuela.[21]
Under EO 13692, the Obama administration sanctioned seven individuals, and the Trump administration has sanctioned 73 as of 8 March 2019.[8]
https://en.wikipedia.org/wiki/International_sanctions_during_the_Venezuelan_crisis
Pages and pages af sanctions, threats, intimidation.
Really ? Who is sponsoring this bounty ? Shit I may come out of retirement for that money . The return of the old and the restful .What good would that do?
The bounty on Maduro is 20 million.
Maybe he could resign for the money and safe passage if he was only concerned with his own self interests.
You can't possibly believe Pompeo and the gang.....
Gotta love these well run socialist economies.U.S. sanctions, basically.
Explainer: Why oil-rich Venezuela is suffering severe gasoline shortages
(Reuters) - At least five Iranian tankers carrying fuel are currently en route to gasoline-starved Venezuela, which has the world’s largest crude reserves. The United States, which maintains sanctions on both OPEC members, is weighing a response to the supply.
Below is a summary of the factors contributing to Venezuela’s gasoline shortage:
WHY ISN’T VENEZUELA PRODUCING ENOUGH GASOLINE?
State oil company Petroleos de Venezuela’s [PDVSA.UL] refinery network has the capacity to produce 1.3 million barrels per day (bpd) of fuel. But after years of underinvestment and lack of maintenance, those refineries processed just 101,000 bpd of crude and produced just 7,000 bpd of gasoline in March, according to an internal PDVSA document.
The South American country’s gasoline consumption has dropped significantly in recent months due to a quarantine designed to stop the spread of the coronavirus. Authorities are distributing just 30,000 bpd of gasoline to service stations across the country, according to an industry source, compared with pre-lockdown consumption of about 170,000 bpd.
CAN’T VENEZUELA IMPORT GASOLINE?
In recent years, PDVSA has accepted imported fuel as payment for its crude exports. But these so-called swaps with its main partner, its U.S. refining subsidiary Citgo, were interrupted when the Trump administration sanctioned PDVSA in January 2019 as part of its bid to oust Maduro, a socialist.
Since then, Washington has also pressured PDVSA’s other trade partners, such as Spain’s Repsol (REP.MC), Italy’s Eni (ENI.MI) and India’s Reliance, not to supply gasoline, though they had been given permission to ship diesel, which is seen as necessary for distribution of food and other vital goods.
The shortages grew far more severe after Russia’s Rosneft (ROSN.MM), which in 2019 became the main intermediary for Venezuela’s crude and its main fuel supplier, halted operations in the country in March, after Washington sanctioned two of its trading units for dealing with Venezuela.
IS THE GOVERNMENT TRYING TO IMPROVE THE SITUATION?
PDVSA is trying to restart the catalytic cracking units - which are fundamental for gasoline production - at the 146,000 bpd El Palito refinery <C}RO7309414339> and the 310,000 bpd Cardon refinery, which has received materials to help its restart via plane shipment from Iran.
In addition to the pending imports of fuel from Iran, the country received a 150,000-barrel shipment of gasoline in late April from Maroil Trading, a Venezuelan fuel magnate who in 2002 had come to late President Hugo Chavez’s rescue by shipping gasoline to the country during a PDVSA strike.
https://www.reuters.com/article/us-venezuela-gasoline-explainer-idUSKBN22V32G
U.S. sanctions, basically.
Explainer: Why oil-rich Venezuela is suffering severe gasoline shortages
(Reuters) - At least five Iranian tankers carrying fuel are currently en route to gasoline-starved Venezuela, which has the world’s largest crude reserves. The United States, which maintains sanctions on both OPEC members, is weighing a response to the supply.
Below is a summary of the factors contributing to Venezuela’s gasoline shortage:
WHY ISN’T VENEZUELA PRODUCING ENOUGH GASOLINE?
State oil company Petroleos de Venezuela’s [PDVSA.UL] refinery network has the capacity to produce 1.3 million barrels per day (bpd) of fuel. But after years of underinvestment and lack of maintenance, those refineries processed just 101,000 bpd of crude and produced just 7,000 bpd of gasoline in March, according to an internal PDVSA document.
The South American country’s gasoline consumption has dropped significantly in recent months due to a quarantine designed to stop the spread of the coronavirus. Authorities are distributing just 30,000 bpd of gasoline to service stations across the country, according to an industry source, compared with pre-lockdown consumption of about 170,000 bpd.
CAN’T VENEZUELA IMPORT GASOLINE?
In recent years, PDVSA has accepted imported fuel as payment for its crude exports. But these so-called swaps with its main partner, its U.S. refining subsidiary Citgo, were interrupted when the Trump administration sanctioned PDVSA in January 2019 as part of its bid to oust Maduro, a socialist.
Since then, Washington has also pressured PDVSA’s other trade partners, such as Spain’s Repsol (REP.MC), Italy’s Eni (ENI.MI) and India’s Reliance, not to supply gasoline, though they had been given permission to ship diesel, which is seen as necessary for distribution of food and other vital goods.
The shortages grew far more severe after Russia’s Rosneft (ROSN.MM), which in 2019 became the main intermediary for Venezuela’s crude and its main fuel supplier, halted operations in the country in March, after Washington sanctioned two of its trading units for dealing with Venezuela.
IS THE GOVERNMENT TRYING TO IMPROVE THE SITUATION?
PDVSA is trying to restart the catalytic cracking units - which are fundamental for gasoline production - at the 146,000 bpd El Palito refinery <C}RO7309414339> and the 310,000 bpd Cardon refinery, which has received materials to help its restart via plane shipment from Iran.
In addition to the pending imports of fuel from Iran, the country received a 150,000-barrel shipment of gasoline in late April from Maroil Trading, a Venezuelan fuel magnate who in 2002 had come to late President Hugo Chavez’s rescue by shipping gasoline to the country during a PDVSA strike.
https://www.reuters.com/article/us-venezuela-gasoline-explainer-idUSKBN22V32G
And that's why State oil company Petroleos de Venezuela’s [PDVSA.UL] refinery network has the capacity to produce 1.3 million barrels per day (bpd) of fuel. But after years of underinvestment and lack of maintenance, those refineries processed just 101,000 bpd of crude and produced just 7,000 bpd of gasoline in March, according to an internal PDVSA document?Its a little bit deeper than that.
....................................................
United States National Security Advisor John R. Bolton outlined the policies of the administration of United States President Donald Trump towards Venezuela in a November 2018 speech, describing Venezuela as part of a troika of tyranny, along with Cuba and Nicaragua.[18] Bolton has alternately described the three countries as the "triangle of terror"[19] and the "three stooges of socialism",[20] stating that the three are "the cause of immense human suffering, the impetus of enormous regional instability, and the genesis of a sordid cradle of communism in the western hemisphere".[19] The United States has condemned actions of the governments of the three Latin American nations and has maintained both broad and targeted sanctions against their leadership.[19]
Into 2020, President Donald Trump expressed that he believed that the removal of Maduro from office was occurring to slowly and that incremental processes, such as sanctions, did not provide results.[21] Because such processes to remove Maduro were unsuccessful, President Trump began to consider military options, including a naval blockade against Venezuela.[21]
Under EO 13692, the Obama administration sanctioned seven individuals, and the Trump administration has sanctioned 73 as of 8 March 2019.[8]
https://en.wikipedia.org/wiki/International_sanctions_during_the_Venezuelan_crisis
Pages and pages af sanctions, threats, intimidation.