How can Venezuela be rescued?

Discussion in 'Latin America' started by TroglocratsRdumb, Jul 25, 2018.

  1. andaronjim
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    andaronjim Gold Member

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    maybe a volcano can erupt and then the other countries can come in with humanitarian aide to bail their sorry asses out. Worked for Puerto Rico.....
     
  2. BasicHumanUnit
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    BasicHumanUnit Gold Member

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    Mexico is now headed that way. You're right. It's startling. People in modern societies have completely taken freedom for granted.
    in their nice luxurious homes and apartments driving their shiny new cars, food always available to the point of mass obesity. They've forgotten (or never knew) that it wasn't long ago that getting a hot bath meant heating water over an open fire. People today are weak and ill prepared to fight for their freedom. Perfect plucking for evil men.

    They've forgotten that freedom and comfort are not free and that evil men are ALWAYS looking to conquer the world at the cost of misery to millions.

    And here we are in the USA allowing SOCIALISTS who have no problem bragging that their intent is to redistribute wealth and make many changes that go directly against the Constitution that made this nation great...a chance to move into our Congress and take position of authority across the nation. What kind of absolute imbeciles are we who realize this is wrong, yet aren't actively fighting it?

    We see what happened in Venezuela when Socialists take over. Why are we casually looking the other way as the EXACT SAME movements are set in motion here in the USA?

    Madness is seeing the same thing occurring....and expecting different results.
     
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    Last edited: Jul 25, 2018
  3. Mr Clean
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    Mr Clean Gold Member

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    Not our problem.
     
  4. andaronjim
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    andaronjim Gold Member

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    Maybe not your problem, but is sure is a problem for the US with all the idiots screaming that Socialist is all about FAIRNESS......Bunch of dumbass idiots...
     
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  5. flewism
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    flewism Silver Member

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    Haven't American investors and corporations lost enough in Venezuela? Once they overthrow their current government maybe we can help, but we cannot get involved until then.

    How Venezuela Ruined Its Oil Industry


    Case study: the nationalization of the Venezuelan oil industry
    08/07/2017

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    Patrick Childress
    Attorney
    Sidley Austin LLP, Washington, DC

    Venezuela is home to the largest proved oil reserves in the western hemisphere, but for a variety of reasons—lack of capital and technical know-how and an unstable government, to name a few—it has never harnessed the full potential of this valuable resource. In the early 1990s, the Venezuelan government hoped to accelerate development in the oil sector through the Apertura Petrolera, or "oil opening." Through this program, Venezuela invited and incentivized foreign investment to help it develop its vast petroleum resources.

    The Apertura worked. Major international operators like ConocoPhillips, ExxonMobil Corp., Chevron Corp., Total SA, Statoil ASA, and BP PLC brought new technology and expertise to bear, increasing production and reserves.

    Soon, however, Hugo Chavez swept into power on a message of populism and resource nationalism. The new president and his government began passing measures that hurt international operators, including but not limited to the following:

    • Increasing royalty rates to be paid to the state.

    • Exacting an "extraction tax" on each barrel of crude produced.

    • Raising the income tax rate for heavy crude projects.

    In 2007, the Chavez government passed its most extreme measure: a nationalization program that would transfer ownership of international oil projects to "mixed companies," in which the Venezuelan state would hold a majority interest.

    Chevron, Total, Statoil, and BP all complied with the government's demands and negotiated terms to cede ownership rights to the state. ConocoPhillips and ExxonMobil, however, refused. Instead, these two companies sued Venezuela's government for $30 billion and $15 billion, respectively.

    The basis of these claims were bilateral investment treaties—international agreements between two countries that protect foreign investors and provide for dispute resolution before a panel of independent arbitrators.

    In 2014, an international arbitration tribunal ordered Venezuela to pay ExxonMobil compensation of $1.6 billion—an amount that was later reduced. ConocoPhillips is still awaiting its award of damages, but the tribunal hearing its claim has already declared that the Venezuelan government breached its international obligations.

    ConocoPhillips and ExxonMobil are not alone. To date, the Venezuelan government has faced at least 13 oil and gas-related international arbitration claims from foreign companies. While it is defending these costly claims, the government is suffering from flagging domestic production as the industry flounders under state control.
     
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  6. TroglocratsRdumb
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    TroglocratsRdumb Gold Member

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    food looting

    venezuelafoodlooting.jpg
     
  7. BasicHumanUnit
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    BasicHumanUnit Gold Member

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    Coming soon to a town near you

    If we continue to ignore the growing Socialist threat right here on our own door step.
     
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  8. BasicHumanUnit
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    BasicHumanUnit Gold Member

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    On one hand you can blame greedy corporations for helping the Socialists in Venezuela.
    They felt secure with their contracts in hand and all their smart lawyers.

    What they didn't count on is that Socialists and Communists don't give a shit about your lawyers and your signed contracts.
    When they've got what they want out of you.....they'll tell you to take a hike...keeping whatever you can't take as theirs.

    The USA works under assumption that Law & Order rules. Socialists and Communists, not so much.
     
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  9. depotoo
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    depotoo Gold Member

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    Next up would be Nicaragua.
     
  10. DOTR
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    DOTR Gold Member

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    Oy vey that was an ignorant statement.
     

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