Venezuela Oil Quotes

(primarily in Venezuela and Canada) that were previously excluded from annual summaries, the global total rose to 1.292Tb in 2005, and in 2017 it stood at 1.7Tb.

In today’s world, you can find a power-mad city bus driver seizing power in Venezuela. A vapid man. A hollow man. A man offering handouts and promises of a better future, neither of which went to any but the few partisans closest to the president. In the blink of an eye, one man shreds every lovely piece of the fabric that held the country together for a hundred years and more. Reducing everyone to penury. Citizens dumbfounded and confounded, not understanding how this happened. The oil derricks that were symbols of prosperity sitting frozen in rust, pumping nothing. Not a wheel in the nation turning. Children, in some places, eating dirt to survive.

But during all those boom years, Venezuela saved nothing.15 All the oil money had been spent or stolen. There was a law that said the government had to put money in a rainy day fund. Chávez repealed it and spent the money that had been set aside. When he died, the fund contained just $3 million.16

The world currently has two reasonably disturbing and disturbingly reasonable examples as to what this unraveling might look like: Zimbabwe and Venezuela. In both cases mismanagement par excellence destroyed the ability of both countries to produce their for-export goods—foodstuffs in the case of Zimbabwe, oil and oil products in the case of Venezuela—resulting in funds shortages so extreme, the ability of the countries to import largely collapsed. In Zimbabwe, the end result was more than a decade of negative economic growth, generating outcomes far worse than those of the Great Depression, with the bulk of the population reduced to subsistence farming. Venezuela wasn’t so . . . fortunate. It imported more than two-thirds of its foodstuffs before its economic collapse. Venezuelan oil production dropped so much, the country even lacks sufficient fuel to sow crops, contributing to the worst famine in the history of the Western Hemisphere. I don’t use these examples lightly. The word you are looking for to describe this outcome isn’t “deglobalize” or even “deindustrialize,” but instead “decivilize.

Stringent regulations as well as price and capital controls cause many companies to lose money and, as such, make companies more dependent on the government’s good graces to stay in business.

the boom-and-bust nature of Venezuela’s economy has taught most people that producing is too much of a headache—importing goods is an easier business. Or as Vollmer puts it: “We’re a nouveau riche country that never really had to work for what it has.

The only connection between Chile and the history of electricity comes from the fact that the Atacama Desert is full of copper atoms, which, just like most Chileans, were utterly unaware of the electric dreams that powered the passion of Faraday and Tesla. As the inventions that made these atoms valuable were created, Chile retained the right to hold many of these atoms hostage. Now Chile can make a living out of them. This brings us back to the narrative of exploitation we described earlier. The idea of crystallized imagination should make it clear that Chile is the one exploiting the imagination of Faraday, Tesla, and others, since it was the inventors’ imagination that endowed copper atoms with economic value. But Chile is not the only country that exploits foreign creativity this way. Oil producers like Venezuela and Russia exploit the imagination of Henry Ford, Rudolf Diesel, Gottlieb Daimler, Nicolas Carnot, James Watt, and James Joule by being involved in the commerce of a dark gelatinous goo that was virtually useless until combustion engines were invented.10

In the 1980s and 1990s, Venezuela’s Petróleos de Venezuela S.A. (widely known by its acronym, PDVSA), was one of the world’s most politically independent and well-managed national oil companies. In the early 2000s, President Hugo Chávez stripped PDVSA of its independent authority and replaced its top officials with loyal followers. He then placed PDVSA in charge of administering a new set of social programs, closely tied to his political machine. By 2004, two-thirds of PDVSA’s budget went to social programs, not petroleum-related activities. As its social programs grew, PDVSA’s transparency fell. After 2003, its financial disclosures dropped sharply, and independent observers found its activities increasingly difficult to monitor.73

The most important thing that is happening in the world right now is the emerging of the new man. Since the monkeys, man has remained the same, but a great revolution is on it's way. When monkeys became man, it created the mind. With the new man, a great revolution will bring the soul in. Man will not just be a mind, a psychological being, he will be a spiritual being. This new consciousness, this new being, is the most important thing, which is happening in the world today. But the old man will be against the emerging of the new man, the old man will be against this new consciousness. The new man is a matter of life and death, it is a question of the survival of the whole earth. It is matter of survival of consciousness, of survival of life itself. The old man has become utterly destructive. The old man is preparing for a global suicide right now. Rather than allowing the new man, the old man would rather destroy the whole earth, destroying life itself. The old destructive man is preparing right now for a third world war. The global economical and political elite and the war industrial complex in the U.S, which runs the foreign policy of the U.S, is right now promoting for a third world war. The U.S. has over thrown the democratically elected government in Ukraine in an secret operation by the CIA, the world's largest terrorist organization, and replaced it with a fascistic regime, a marionette for the U.S. The war industrial complex is now desperately trying to promote the third war by demonizing, lying and blaming Russia. We see the same aggression and lies from the U.S. that we have seen before against Iraq, Afghanistan, Libya, Syria, Venezuela and Iran. President Eisenhower warned against the war industrial complex, which he considered the largest threat to democracy. President John F. Kennedy also warned against a "secret conspiracy" against democracy. The war industrial complex consists of the international banks, oil companies, war industry, democratically elected politicians, conservative think tanks, international mainstream media and global companies, who make profits from human suffering and wars. The European governments and the mainstream media also cooperate with the war industrial complex to bring the world into disaster. But this time it will not work as the time for wars is over, and peace loving people and people who represent the new man are working against this kind of aggression.

I recently had dinner with George. We did not eat fish. Instead we ate at a wonderful Vietnamese restaurant. I had lemon-grass chicken with chile, and George had stir-fried vegetables. Both meals were excellent, and both consisted of foods originating far from Spokane. Although we didn’t ask the cook where the chicken and other foodstuffs came from, it isn’t difficult to construct an entirely plausible scenario. Here it is: the chicken was raised on a factory farm in Arkansas. The factory is owned by Tyson Foods, which supplies one-quarter of this nation’s chickens and sends them as far away as Japan, The chicken was fed corn from Nebraska and grain from Kansas. One of seventeen million chickens processed by Tyson that week, this bird was frozen and put onto a truck made by PACCAR. The truck was made from plastics manufactured in Texas, steel milled in Japan from ore mined in Australia and chromium from South Africa, and aluminum processed in the United States from bauxite mined in Jamaica. The parts were assembled in Mexico. As this truck, with its cargo of frozen chickens, made its way toward Spokane, it burned fuel refined in Texas, Oklahoma, California, and Washington from oil originating beneath Saudi Arabia, Venezuela, Mexico, Texas, and Alaska. All this, and I have chickens outside my door.

In the late 1940s, this answer was most definitely not oil. At that time, the United States was still awash in domestic oil and could further draw on foreign fields close to home in Mexico and Venezuela. What’s more, Iranian fields were still locked up by the British and, thanks to a badly managed renegotiation of the original concession, looked to remain so until 1993. Further, a massive find in Saudi Arabia in 1938, one that dwarfed that of Iran’s Masjid-i-Suleiman field, had quickly gone under the management of an American consortium; should the United States ever be in substantial need of Middle Eastern oil, it would naturally first turn to the Arabian American Oil Company, or Aramco, in Saudi Arabia. With these factors stacked on end, the notion that Iranian oil might be used to coax American interest was pointless to even consider in the early postwar period.

Sean Penn mourned the death of the fifty-eight-year-old socialist creep. Sean wrote in a statement sent to the Hollywood Reporter: “Today the people of the United States lost a friend it never knew it had. And poor people around the world lost a champion.” He added: “I lost a friend I was blessed to have.” Penn needs to tell you that he knew the guy. A world leader. That’s cool. I guess playing Jeff Spicoli and marrying Madonna wasn’t enough (one made your career, the other ruined your urinary tract). Yeah, this is the same chap who told Piers Morgan that Ted Cruz should be institutionalized. Talk about the pot calling the kettle batshit crazy. If Penn got any nuttier, he’d be a Snickers bar. Of course it would be uncool to point out to Penn that Chávez was no champion of the poor. Under his rule people became far poorer in Venezuela. And in the midst of an oil boom, Chávez engineered a murder boom. The murder rate in his country tripled during Chávez’s tyrannical tenure, hitting a high of 67 per 100,000 residents in 2011, compared with a murder rate of less than 5 per 100,000 in the United States (and that includes Baltimore). And about 10 or 20 less than the last Penn movie. Penn was joined, per usual, by director Oliver Stone, who said, solemnly, somewhere: “I mourn a great hero to the majority of his people and those who struggle throughout the world for a place.” He added: “Hated by the entrenched classes, Hugo Chávez will live forever in history. “My friend, rest finally in a peace long earned.” This is from an adult, mind you. And no list of apologists for evil is complete without Michael Moore. This nugget comes from the Michigan Live website, which reports Moore praising Chávez in a feeble collection of Twitter messages, on the night the Venezuelan viper expired. Hugo Chávez declared the oil belonged 2 the ppl. He used the oil $ 2 eliminate 75% of extreme poverty, provide free health & education 4 all. That made him dangerous. US

Its attempted takeover of Unocal was blocked by Congress on national security grounds.5 China’s growing dependence on oil imports has caused it to acquire interests in Kazakhstan, Russia, Venezuela, Sudan,

Saddam never had weapons of mass destruction, he had a weapon much worse. The weapon had no name but the damage it would have done would have brought the United States of America to its knees without a shot being fired. How does this weapon work? It works by exchanging one chemical for another chemical. The chemicals are oil and gold. This threat to the USA was why oil barons ordered the U.S. government to eliminate Saddam at once. Libya tried to use the same weapon against the USA and, again, the oil barons ordered Gaddafi to be eliminated and he was. Next on the list of countries who possess this massive weapon which are threats to the oil barons are Venezuela and Iran.

it was loans from oil-rich Venezuela that allowed Argentina to pay off its IMF loans early so that it could set its own saner economic policies.

The nineteen largest organizations doing this will be, in order of size from biggest to smallest: Saudi Aramco, Chevron, Gazprom, Exxon-Mobil, National Iranian Oil Company, BP, Royal Dutch Shell, Pemex, Petróleos de Venezuela, PetroChina, Peabody Energy, ConocoPhillips, Abu Dhabi National Oil Company, Kuwait Petroleum Corporation, Iraq National Oil Company, Total SA, Sonatrach, BHP Billiton, and Petrobras.

policies. What’s distinctive about Venezuela is that its economy revolves entirely around oil. The government owns the oil in the ground and receives money from oil sales. The effect of that is to put the government at the center of economic life. And the government’s main function becomes the distribution of the oil money to its citizens.

In the eyes of its citizens, the Venezuelan state is little more than an ATM—the magic box that stands between the oil in the ground and the outstretched palm, the device that performs the alchemy of turning oil into money in my pocket.

Black Gold in Venezuela Corruption in Venezuela remains widespread, as it has been for much of its recent history. The oil reserves in Venezuela are the largest in the world, even surpassing those of Saudi Arabia. The discovery of these vast reserves, estimated to continue producing oil for at least another 225 years, have only increased political corruption. In Venezuela, “the Devil's excrement” is a saying frequently heard, as a reference to the extensive corruption brought on by Petroleum….. From page 396 – “The Exciting Story of Cuba” by award winning author Captain Hank Bracker.

contrary to repeated claims from President Obama and the NSA, it is already clear that a substantial number of the agency’s activities have nothing to do with antiterrorism efforts or even with national security. Much of the Snowden archive revealed what can only be called economic espionage: eavesdropping and email interception aimed at the Brazilian oil giant Petrobras, economic conferences in Latin America, energy companies in Venezuela and Mexico, and spying by the NSA’s allies—including Canada, Norway, and Sweden—on the Brazilian Ministry of Mines and Energy and energy companies in several other countries.

In 1522, the country now known as Venezuela was colonized by Spain. Venezuela declared independence from Colombia In 1830. During the 19th and most of the 20th centuries Venezuela was ruled by caudillos or military strongmen. In the 1950’s, Venezuela became a good example of a Latin American Country, ruled by a benevolent dictator on the very far right. This automatically made Venezuela our ally and thus received huge grants from us. President Marcos Pérez Jiménez was awarded the Legion of Merit by Dwight D. Eisenhower. In return for this, he allowed American corporations to flourish in his country. Of course, he was also always ready to accept personal contributions. Since 1958, the country has had a series of democratic governments. It’s economy depended on the export of coffee and cocoa until oil was discovered early in the 20th century. It now has the world's largest known oil reserves and is one of the world's leading exporters of oil. The people lost confidence in the existing parties since the government favored the large corporations over their needs. This led to Hugo Chávez being elected president in 1998, In 1999 the Constituent Assembly wrote a new Constitution of Venezuela. Chávez also initiated programs aimed at helping the poor. In 2013. After the death of Chavez, Nicolás Maduro his vice president was elected. Problems ensued causing an economic recession. Inflation also became the worst in the country's history, leading to hunger, crime and corruption. Protests starting in 2014 became prevalent and continue until now, leaving many of the protesters maimed or dead.

Much of the Snowden archive revealed what can only be called economic espionage: eavesdropping and email interception aimed at the Brazilian oil giant Petrobras, economic conferences in Latin America, energy companies in Venezuela and Mexico, and spying by the NSA’s allies—including Canada, Norway, and Sweden—on the Brazilian Ministry of Mines and Energy and energy companies in several other countries.

This interventional neuroradiology group was rescued from Venezuela’s medical care-for-oil deal, in which the Cuban government sold over twenty-two thousand Cuban doctors into medical slavery. Venezuela got cheap medical care for the poor, which generated votes, and the Castros could keep their country’s cars and generators going, on free Venezuelan oil. The

Morocco, one of the more fully developed countries in Africa, with a solid infrastructure and a population of about 27 million, holds roughly two thirds of the world’s reserves of phosphate rock—phosphate deposits are to Morocco as oil is to Venezuela—and dominates the world market in this vital

He took his spiel about capitalism’s destructiveness, a favorite leitmotif, to a climate summit in Copenhagen. “What we are experiencing on this planet is an imperial dictatorship, and from here we continue denouncing it. Down with imperial dictatorship!” The dignitaries applauded and cheered. “The rich are destroying the planet. Do they think they can go to another when they destroy this one? Do they have plans to go to another planet? So far there is none on the horizon of the galaxy.” No matter that Venezuela lived on selling oil to the Yankees, or that Chávez’s subsidies made its gasoline the world’s cheapest, he got a standing ovation.

The cut-off point between reserves and resources is a function of prices and technology. It is not static. As prices go up, resources become commercial reserves. As prices go down, reserves may become uneconomical resources. The frontier is changing all the time. New technologies can increase reserves via “quantum leaps”. In 2003, the EIA4 revised Canadian reserves from 5 billion barrels to 180 billion (a 3600% increase) thanks to improvements in the extraction technology of oil sand. The revision catapulted Canada to the top three in the world, along with Saudi Arabia and Venezuela.

In Venezuela, for example, Hugo Chávez was a political outsider who railed against what he cast as a corrupt governing elite, promising to build a more “authentic” democracy that used the country’s vast oil wealth to improve the lives of the poor. Skillfully tapping into the anger of ordinary Venezuelans, many of whom felt ignored or mistreated by the established political parties, Chávez was elected president in 1998. As a woman in Chávez’s home state of Barinas put it on election night, “Democracy is infected. And Chávez is the only antibiotic we have.

The end game A systemic breakdown should be expected soon. Venezuela, Argentina and Canada are already in hyperinflation; The Canadian Dollar’s strength is based on their oil reserves that are as low a 2 - 3 dollar per barrel for oil from the oil sands. - The can has been kicked down the road for too long and much farther than in 2008. There has already been an electronic bank run where 500 billion was withdrawn within an hour. The Fed tried to stop it, but could not inject more than 120 billion. – This is an urgent call for you to convert your currency into gold and silver! Follow the interview with Rob Kirby here: 404

Venezuela was experiencing the first pangs of what would become known as Dutch disease, the phenomenon that occurs when the success of one natural resource ruins the rest of a country’s economy.

In Venezuela the price people pay for a dollar depends on who they are and what they do for a living. Venezuela’s leftist government sold dollars for 6.3 bolivars to an elite few.

He is a human credit card for me and for scores of diplomats, oil executives, journalists, and any person living in Venezuela who needs to convert a dollar paycheck into bolivars. He buys dollars from those who have them and sells dollars to Venezuelans and companies who desperately need them. He operates in secret. As far as the government is concerned his business doesn’t exist.

Put a price limit on any good, and chances are that increased demand will eventually make it scarce—dollars are no exception. The government’s dollar auctions are met with insatiable demand. Think of the free-for-all one sees on television when aid workers deliver food to a starved African community. People run over themselves for a share of what’s being given. The fast-rising price of the dollar in the black market is an indication of this madness.

Venezuela has more than 299 billion barrels in proved oil reserves trapped underground, the biggest known cache of crude on the planet. That is more oil than can be found under the sands of Saudi Arabia. Yet in 2016 Venezuela doesn’t have enough dollars to invest in its depleted oil sector. It doesn’t have enough so that it can finance the imports of milk, chicken, beef, cell phones, and even the polyester and cotton fiber local paper companies need to produce toilet paper.

Jorge Giordani, a seventy-six-year-old electronics engineer and the main architect of Venezuela’s economic policies under Chávez—known as “the Monk” for his ascetic ways and almost religious devotion to orthodox leftist ideas—famously admitted that US$20 billion, or one-third of the country’s total import bill, was lost to obscure enterprises in 2012 alone.

In the eyes of the government, there are three types of enemies: companies that intentionally produce less toilet paper, distributors who hoard the paper rolls hoping to sell them to desperate consumers for higher prices, and misguided Venezuelans who buy more rolls than they should. As far as the government is concerned, the mark of a revolutionary Venezuelan is to stoically wait and endure toilet tissue shortages while politicians work to erect a socialist system with the country’s oil wealth.

By making these menstrual pads at home “we avoid becoming a part of the commercial cycle of savage capitalism. We are more conscious and in harmony with the environment,” the woman says in the video. “Our ancestors, our grandmothers used pads made out of cloth.” The Venezuela state-sponsored video was asking people to turn back the clock almost a century to adapt to the country’s worsening economic reality.

In late January 2015 Venezuelan intelligence officers arrested the president and operations vice president of Farmatodo and charged them with “boycott and economic destabilization” for not having enough cash registers functioning in one of the chain’s pharmacies.26 The executives were held in jail for fifty-six days and given a conditional release that forced them to show up in court every fifteen days while the case continued.

As León sees it, price controls and the resulting bachaquero class “have built a system of economic redistribution from richer Venezuelans to the poor.

Tune in to any Venezuelan television channel in January 2015, and you would see government-funded ads featuring famous singers, soap opera actors, and television personalities with one message for shoppers: “Cool it with the nervous purchases.

Many of these products come from state-owned retailers and prominently feature government propaganda printed on the plastic packaging. Cartoons depict political scenes that show, for instance, the heroes—dark-skinned, poor Venezuelans—kicking capitalists, portrayed as a pink-skinned Satan wearing a suit.

To build a domestic energy industry, the Norwegian government created a partially private company that is run by wealthy oil industry executives. This company is publicly traded, operates on the profit motive, and deposits its surplus revenues into a trillion-dollar wealth fund that mostly invests abroad, including in the largest of American corporations. . . . [U]nlike in Venezuela, where the government used taxes on oil to fund social programs, the Norwegians use their sovereign wealth to accumulate more capital and cut taxes. Which of the two sounds more socialist to you?

Their name comes from bachaco, a large and industrious ant found in the Venezuelan Amazon. And it is a fitting name. After all, ants are known for the ability to carry several times their weight, just as Venezuelans haul away bags full of merchandise they later resell.

Ruling Venezuela as the unelected military strongman from 1948 to 1950 and as President from 1952 to 1958. The President of Venezuela was Marcos Pérez Jiménez, a Venezuelan General, who also considered himself to be a civil engineer. He spent much of the country’s oil profits modernizing the infrastructure, including the construction of the new Caracas to La Guaira highway. The new road was terribly expensive requiring bridges and tunnels. Two tunnels alone cost $20,000,000 and nearly broke the State Treasury, but the road was completed in 1953, just in time for me to ride on it up the mountains to Caracas. The old taxi went uphill at very steep angles, reaching an altitude of 7,400 feet before dipping back down into the city. Looking into the deep ravines next to what had been the old road, I could see wrecks of the vehicles that were unlucky enough to have gone off the road. Finally crossing the top of the Coastal ridge, we followed the winding road down into the extinct volcanic basin that housed the capital city. As we got closer to the downtown district, I noticed that the Guardia National police were everywhere! The traffic was horrendous and there was a layer of smog in the valley, but everything was reasonably quiet except for loud banging sounds. Since there was a noise ordinance in Caracas, cars were not permitted to blow their horns. Instead, the cabdrivers banged the side of their car door with their hand.

Castro, his eye on Venezuela’s rich oil reserves, had dispatched scores of his own covert agents to organize the country’s leftist guerrillas and the CIA was tracking that activity very closely.

My sponsor is an ex-Navy guy. Buys me lunch on Christmas. I tell him, as long as I am drinking and I have money, things seem to be going well. Now, you just replace “am drinking” with “have oil” there you have the U.S. economy. When I don’t drink for a while… I get a little depressed and anti-Semitic. I tell him, as soon as the United States stops fucking up foreign democracies and stealing their oil, I’ll stop drinking. Unfortunately, looks like neither miracle is going to happen…

Make a list of the nations in the Americas from richest to poorest. You will find that at the top are the United States and Canada, followed by Chile, Argentina, Brazil, Mexico, and Uruguay, and maybe also Venezuela, depending on the price of oil. After that you have Colombia, the Dominican Republic, Ecuador, and Peru. At the bottom there is another distinct, much poorer group, comprising Bolivia, Guatemala, and Paraguay. Go back fifty years, and you’ll find an identical ranking. One hundred years: same thing. One hundred and fifty years: again the same. So it is not just that the United States and Canada are richer than Latin America; there is also a definite and persistent divide between the rich and poor nations within Latin America.

So Venezuela’s dictator of a president has killed close to 10,000 of his own people to stay in power, to say nothing of his ties to narco-terrorism and drug trafficking. He’s under international oil sanctions, which Gradsek is bypassing by laundering Venezuelan oil into ostensibly Nigerian product.