Tuesday, November 13, 2018

Venezuela: The Country With The World’s Largest Oil Reserves Is Running Out Of Gasoline

Motorists line up for fuel at a gas station of the Venezuelan state-owned oil company PDVSA in San Cristobal, Venezuela November 10, 2018 . REUTERS/Carlos Eduardo Ramirez

Reuters: Fuel shortages the new normal in Venezuela as oil industry unravels

VALENCIA/CARACAS (Reuters) - With chronic shortages of basic goods afflicting her native Venezuela, Veronica Perez used to drive from supermarket to supermarket in her gray Chevrolet Aveo searching for food.

But the 54-year-old engineer has abandoned the practice because of shortages of something that should be abundant in a country with the world’s largest oil reserves: gasoline.

“I only do what is absolutely necessary, nothing else,” said Perez, who lives in the industrial city of Valencia. She said she had stopped going to Venezuela’s Caribbean coast, just 20 miles (32 km) away.

Read more ....

WNU Editor: In the meantime the exodus from Venezuela continues .... Colombia opens camp for Venezuela migrants as exodus swells (FOX News).

5 comments:

Anonymous said...

Libs owned. Late Capitalism rules. Something something markets.

Jac said...

It would be funny if it was not that bad.

Mike Feldhake said...

Did not see this on front page of Reuters! They just ignore it 😩

B.Poster said...

When this falls apart as it inevitably will, someone will own large oil and gas reserves. As I have stated here and elsewhere many times, one of the most important actions of any government is to ensure that the country it leads has access to a stable and reasonably priced supply of oil. Venezuela's "problem" will be someone else's "opportunity."

If this someone utilizes a no holds barred approach to rules of engagement and they come in masse, casualties should be relatively light and they will own this oil. Whose best positioned to take advantage of this "opportunity?"

I would suggest the most likely candidate would be China. Another possibility would be Russia. While they do not need the oil per say, they probably would like to control it keeping it out of the hands of an adversary or a potential adversary. A "dark horse" might be a western European country.

Western European leaders have said they need an army to defend against America. As America is not going to invade them, they must be thinking ahead to their planned invasion of the United States and the need to defend against American defense measures. Venezuela would offer them an excellent foothold in the Americas to begin the planned invasion of the United States.

Venezuela's "problem" is someone else's "opportunity." Communism/Socialism always fails.

B.Poster said...

"They just ignore it." Of course they do. It doesn't fit with their narrative. Such an approach works well for government bureaucrats, college professors, plutocrats, and media personnel. Such approaches do not work so well for those who live in the real world whose decisions affect the livelihoods and even the survival of their loved ones.

It seems perfectly acceptable for university professors, government bureaucrats, and plutocrats to play games with the survival and economic welfare of others. Once they and loved ones start being affected, they may start approaching such things differently.

For example, when the NYT report irresponsibly on North Korea and a "think tank" irresponsibly contributes to this, did they think through the ramifications of this? Did they think through the fact that such irresponsible actions risk undercutting a very important diplomatic initiative that we need to succeed? I think not. Undercutting a president that they hate seems to override everything and to h!ll with American national security or economic interests.