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Venezuela


               
2020 Sep 4, 11:54am   9,352 views  361 comments

by AD   follow (0)  

Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt.

Venezuela has greater oil stores than any other country. But after years of corruption, mismanagement and more recently U.S. sanctions, its oil output has dropped to a tenth of what it was two decades ago.

From Lake Maracaibo in the west to the Orinoco oil belt in the east, abandoned wells rust in the sun as looters scavenge the metal. The last drilling rig still working in Venezuela shut down in August. The country is on course, by the end of this year, to be pumping little more oil than the state of Wyoming.

“Twenty percent of the world’s oil is in Venezuela, but what good is it if we can’t monetize it?” said Carlos Mendoza, an ambassador under the late socialist president Hugo Chávez, who enjoyed an oil bonanza when prices were high but starved the industry of investment and maintenance funds.

“We’re entering a post-oil era,” Mr. Mendoza said.

While petroleum is under stress world-wide from climate-change concerns and the rise of wind and solar power, what is happening to oil in Venezuela goes far beyond the global industry’s troubles. It is an existential crisis for a country long dependent on oil for nearly all of its hard-currency earnings.

This year, Venezuela’s oil income will probably fall below the limited funds coming in from other sources such as gold mining and overseas workers’ remittances, said Luis Vicente León, an economist and pollster. Venezuela’s economy is likely to shrink more than 30% this year from the oil collapse plus the pandemic, says Ecoanalitica, a Caracas business consulting firm.

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143   HeadSet   2026 Jan 3, 8:14am  

RWSGFY says

We just arrested the Illegitimate so-called "president" we (along with the EU, Argentina and other LA countries) never recognized to try him on drug trafficking charges.

Yes, Madero is more the head of a drug cartel that rook over a country than he is a president.
144   socal2   2026 Jan 3, 8:14am  

RWSGFY says

How is our glorious Navy unable to catch some rusted-out hulk of a tanker for 2 or 3 days already? And why not bomb it like these drug boats were bombed? TACO?


Looks like they were busy.

I think after obliterating Iran’s nuclear weapons program and now this, we can retire the dumb Democrat “TACO” talking point.
145   FortWayneHatesRealtors   2026 Jan 3, 9:05am  

RWSGFY says

FortWayneHatesRealtors says


We just kidnapped their president to put on a show trial.


We just arrested the Illegitimate so-called "president" we (along with the EU, Argentina and other LA countries) never recognized to try him on drug trafficking charges.


Never arrested Biden, so don’t know what you mean.
147   FortWayneHatesRealtors   2026 Jan 3, 9:19am  

Trump just said Rubio will be running Venezuela. Wild.
148   Booger   2026 Jan 3, 9:24am  

How did we manage to not throw Maduro out of a helicopter?
151   FortWayneHatesRealtors   2026 Jan 3, 9:41am  

Booger says

How did we manage to not throw Maduro out of a helicopter?


I am curious to see if some judge will suddenly require we free him. I doubt it, they don’t mess with CIA. But curious now.
152   KgK one   2026 Jan 3, 9:59am  

Next us supported prime minister of venezuela.

Venezuela has one citizen who won the Nobel Prize: opposition leader María Corina Machado, awarded the 2025 Nobel Peace Prize for her fight for democracy against the Maduro regime, though she secretly traveled to receive it after escaping a government crackdown. Another Venezuelan-born figure, immunologist Baruj Benacerraf, won the Nobel Prize in Physiology or Medicine in 1980, notes Wikipedia.
María Corina Machado (2025 Nobel Peace Prize)
153   Ceffer   2026 Jan 3, 10:36am  

The predictable and tedious fog of bullshit begins again.



155   Ceffer   2026 Jan 3, 10:50am  

Were that many soldiers on Epstein Island?



158   TheAntiPanicanLearingCenter   2026 Jan 3, 11:10am  

WW4!!! OMG!!! War Powers Act!!! Troops ONDA Ground!!! Leave my Sino-Russo-Iranian-Cartel catspaw alooooooonnnne. Ignore the Monroe Doctrine!! National Borders are imaginary but don't violate them! Don't disturb my cheap labor and drugs going across my imaginary pea packing plant's private borders for cheap labor!!!
159   TheAntiPanicanLearingCenter   2026 Jan 3, 11:14am  

- zero media leaks
- successful strikes completely level primary airbase
- bomb the corpse of Hugo Chavez for fun
- capture Maduro like batman or something
- Panicans big mad
- Leftists big mad
- EU wimps big mad
- China big mad
- Ayatollah big mad
- Russia big mad

I love it!
161   TheAntiPanicanLearingCenter   2026 Jan 3, 11:20am  

BTW, this means the Venezuelans can go home and no more refugee TPS needs be issued.
162   FortWayneHatesRealtors   2026 Jan 3, 11:26am  

TheAntiPanicanLearingCenter says

- zero media leaks
- successful strikes completely level primary airbase
- bomb the corpse of Hugo Chavez for fun
- capture Maduro like batman or something
- Panicans big mad
- Leftists big mad
- EU wimps big mad
- China big mad
- Ayatollah big mad
- Russia big mad

I love it!


No one is mad, it’s all in your head man. Whatever keeps you going, keep the dream alive.
163   mell   2026 Jan 3, 11:34am  

Arrest walz next let's keep the momentum. Put him in a cell with Niklas. Free Minnesota next, now!
164   TheAntiPanicanLearingCenter   2026 Jan 3, 11:37am  

FortWayneHatesRealtors says


No one is mad, it’s all in your head man. Whatever keeps you going, keep the dream alive.

FortWayneHatesRealtors says


You seriously think we are altruistic and trying to improve Venezuela?

FortWayneHatesRealtors says


We just kidnapped their president to put on a show trial.

Indeed

mell says

Arrest walz next let's keep the momentum. Put him in a cell with Niklas. Free Minnesota next, now!

Yep!
165   TheAntiPanicanLearingCenter   2026 Jan 3, 11:39am  

RWSGFY says


We just arrested the Illegitimate so-called "president" we (along with the EU, Argentina and other LA countries) never recognized to try him on drug trafficking charges.

"International Order" - where the DC Consensus and the ECHR/UN decides what is good and bad and the US spends all the money and blood to "fix" it, is over.

Back to normal Geopolitics.

Like our beautiful, all-American Monroe Doctrine.
166   RWSGFY   2026 Jan 3, 11:44am  

Billionaire Oleg Deripaska fears that by seizing control of Venezuela's oil reserves, the Americans could devastate Russia's budget revenues.

"If our American 'partners' get to Venezuela's oil fields (and they've already got to Guyana's), they'll control more than half of the world's oil reserves. And apparently, their plan is to ensure that the price of our oil doesn't rise above $50 per barrel," Deripaska wrote on social media.
167   Ceffer   2026 Jan 3, 11:48am  

"...rendered powerless". All those fancy Russian anti aircraft and missile defenses were either neutered, or were ordered down. If they were neutered, what was the secret weapon(s)? Space Force magic?

168   Ceffer   2026 Jan 3, 11:51am  

"Leak", of course, is soft shoeing the ongoing treasons from Congress. Will Trump be using more lively terminology in the future? The whole Deep State apparatus is rearing back on its heels in fear I would imagine.

169   FortWayneHatesRealtors   2026 Jan 3, 11:52am  

mell says

Arrest walz next let's keep the momentum. Put him in a cell with Niklas. Free Minnesota next, now!


And Illhan Omar too
170   Ceffer   2026 Jan 3, 12:01pm  

He hit CCP/Cuba puppeteers, International Fourth Reich CIA (as opposed to local loyal CIA), Brennan and his election fraudsters, the crime syndicate income streams to the Rockefellers, City of London and the Euro Dragons etc., cut off CCP zone of influenc and infiltrtion to the Western Hemisphere, impeded an organ of international terrorism exports from Iran etc. etc. in one blitzkrieg.

171   Ceffer   2026 Jan 3, 12:03pm  

LOL!

172   Ceffer   2026 Jan 3, 12:05pm  

"We do not notify fifth column traitors in our political system of our intentions."

173   Ceffer   2026 Jan 3, 12:10pm  

Does this mean Trump has the major leverage over the international oil markets. City of London becomes his gimp?

177   Ceffer   2026 Jan 3, 12:53pm  

Bad day for Kommie Intel Manchurians in America.

178   AD   2026 Jan 3, 12:56pm  



179   Ceffer   2026 Jan 3, 12:56pm  

Rybar comparing their Russian military boa feathers with Trump's blitz.



180   Ceffer   2026 Jan 3, 12:58pm  

"backroom deal" LOL!

181   AD   2026 Jan 3, 1:12pm  



182   AD   2026 Jan 3, 1:27pm  

The sealed indictment against Maduro is 11 Cr 205 means it's case number 205 from 2011. So this goes back to the Obama administration, and the investigation may have started during Bush's second term.

The sealed indictment is referenced in today's Axios article,

https://www.axios.com/2026/01/03/trump-maduro-venezuela-delcy-rodriguez

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