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2006-05-05 Caribbean-Latin America

Venezuela Takes Center Stage in Oil and Gas

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Posted by Alaska Paul 2006-05-05 17:22|| || Front Page|| [6 views since 2007-05-07] Top

#1 Hard to understand why Hugo has to buy 100,000 bbl a day to fullfill contracts.

PDVSA has announced plans to reach crude oil production levels of 5.8 million barrels per day by 2012 and 7.5 million barrels per day by 2020

Oil production has dropped 60% since hugo fired all the PDVSA professionals.

Posted by 6 2006-05-05 20:20|| 2006-05-05 20:20|| Front Page Top

#2 Sprocket-boy has a great opportunity to be swimming in oil money. But by nationalizing oil assets, and socking it to the companies, like Chevron, BP, even the Chicoms, Hugo will find that investment will start drying up, because outside investors will be gunshy about putting money in a place where the rules can be changed on a whim. I think that Hugo's days as pres and possibly an organism on this earth are numbered.

Posted by Alaska Paul">Alaska Paul 2006-05-05 21:31|| 2006-05-05 21:31|| Front Page Top

#3 But to be replaced by what?

I look around at ZimBob, Chubby here, dEvo, etc and the only likely replacements are just more of the same.

Actually, as I see it, it's the same most everywhere. We see the domestic politics equivalent everyday - where are the Good Guys? Who will step forward and, being squeaky clean and possessing real guts, clean up [insert mess here]?

Rare as hen's teeth, "good" cojones seem to be the rarest commodity on the planet.

Posted by Slineng Sherong7902 2006-05-05 21:48|| 2006-05-05 21:48|| Front Page Top

#4 BTW, I'm not saying we shouldn't cheer (if not assist in) the demise of such creatures, just that the replacement candidate pool needs a heavy dose of chlorine as well.

The world has dire need of good people willing to stand and deliver - and as far as I can see the only forge creating such people in quantity is our professional military, though I would guess there are (possibly) other sources.

Posted by Slineng Sherong7902 2006-05-05 21:57|| 2006-05-05 21:57|| Front Page Top

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