>USA pressures SA into pumping out more oil than ever & starts exporting its own fracking oil
>this tanks the oil price
>Venezuela, who is a huge oil producing country, starts going into recession because of this
> Sup Forums will tell you that socialism in Venezuela is collapsing because and only because they are "socialist"
This is economic warfare conducted by the USA against Russia&Venezuela, which are currently in a bad economic shape.
Other urls found in this thread:
If all your Country produces are natural ressources, then your economy sucks, either way.
Thats also how USSR collapsed. And it has nothing to do with USA army, its all about dollar being reserve currency that used in all oil transactions.
You can cry all you'd like about how America exporting oil is what's killing Venezuela.
What you really should be telling us about is how their government's one and only lucrative revenue generation is based on the United States allowing limited production and release of domestic oil.
On other words, they put all their eggs in a completely ridiculous basket made of credit and political climates and are now upset that it's falling apart.
> Sup Forums will tell you that socialism in Venezuela is collapsing because and only because they are "socialist"
Socialism in venezuaela is collapsing because their centrally controlled economy bet all their gibs on their oil industry to the detriment of everything else in their economy, so now that they have no oil industry they can't afford their gibs and their bureaucracy is too inept and unwieldy to diversify the economy.
yuropean/asians/americans all have a monopoly on manufacturing
how do you suggest natural resources driven nations to enter alternative markets hans?
Im just stating that the collapse of the oil prices was engineered by the USA along whit its allies (Saudi Arabia) to economically attack Russia and Venezuela.
These 2 countries shouldn't of relied so much on oil, but at the end of the day, (((they))) manipulated the prices to hurt them.
>please tell us how to save our country
It was not engineered to destroy Venezuela's economy; it was engineered to lower the price of artificially inflated gas prices. The middle east does not enjoy the fact that America is exporting oil and have done their best in the past to lower gas prices, for months at a time, trying to drop the floor out from under fracing companies.
Like I said, Venezuela is a parasite economy that happened to pick the wrong area of the host.
If the US did do it to attack Russia, im pretty sure Venezuela would be collateral and not a target.
>Be a dollar-a-day shithole nation.
>Still can't capitalize on globalization of manufacturing.
Genuinely sad.
Saudi Arabia is currently restricting their oil production because shale oil is annihilating their economy and threatening the power of the house of saud. There is no price engineering.
They killed (or atleast are trying to) kill 2 birds whit one stone.
The Saudis increased oil production along whit the USA, but after realizing that they cant operate on 50$/barrel they started to cut back.
>USA pressures SA into pumping out more oil than ever
What? SA didn't increase their output. Also, the US government doesn't control the US oil industry, the fracking boom is a thing that was bound to happen for a while.
Why should your whole country go into recession just because oil price drops? Is it because you were using artificially-inflated oil prices to fund an unsustainable welfare state?
>globalization of manufacturing
this only makes it more difficult
at least you are right about saudis having trillions of barrels of oil in reserve to stifle amerifats fracking
This increase in US oil production couldn't of happend "accidentally", it just fits so well into the grand sceme of harming Russia/Iran/Venezuela. If nothing else (((they))) funded the fracking companies.
Check my flag firstly.
Why is the US using artificially-deflated oil prices to destabilize Russia? Geopolitics.
leverage your mineral wealth to create domestic manufacturing industry
bonus if it uses the natural resources already in country
>Venezuela is collapsing because and only because they are "socialist"
nah, they're also collapsing because relying on a single export is retarded, and using a finite natural resource doubly so.
>This increase in US oil production couldn't of happend "accidentally", it just fits so well into the grand sceme of harming Russia/Iran/Venezuela. If nothing else (((they))) funded the fracking companies.
No, nobody cares about us to scheme and devise a thing like this. Venezuela, really? The fracking boom gave the US hundreds of thousands of jobs, you don't need (((them))) to sponsor anything. Besides, that throws Canada and Norway under the bus, Canada being the best goyim there is. Looks to me like a thing that developed on its own.
That wasn't orchestrated, it was a logical consequence of fracking, which led the US to become the largest oil producer in the World.
Chavez and Maduro made it easy for them to attack though, OP. Niggers both of them, really
>starts going into recession because of this
Only because they can't produce their oil as cheaply since they've got shit equipment because as it turns out socialism and mestizos do not a good country make.
youtube.com
Styx explains here
>country's sole source of economic income can't survive basic market fluctuations
RRRREEEEEEEEEEEE FUCKING CAPITALIST PIGS SOCIALISM IS PERFECT
Well you gota atleast admit that it really is convenient for (((them))).
The futures "markets" are some of the most concentrated forms of faggotry on this planet. They are not free, there is little price discovery.
they stole billions of dollars in oil company assets like refineries and factories, they deserve to be run into the ground like the faggots they are
>socialism can't compete in the free market of ideas on a global scale
>somehow not socialism's fault.
Actual petroleum engineer here. You are a fucking nigeriously negroidal niglet and deserve to be gassed.
The reason that U.S. production skyrocketed beginning circa 2009 was because oil price was high and the combination of horizontal drilling with multi-stage fracturing techniques were allowing for the economic production of source rock reservoirs (read: LTO, or "light & tight oil"). Even as U.S. production soared, various government controls on domestic and international prices of oil caused the price to remain high for the next several years.
Then, beginning in June of 2014, prices began to respond to high U.S. oil production as inventories exceeded predictions year after year. Three months later, in that September, the Saudis reacted to the impending loss of their market share to the Americas by ramping up production, which resulted in the sudden and precipitous drop in oil price for the remainder of 2014.
To this day, Saudis are burning through mountains of cash to hang onto their marketshare, but they are losing it. They have also been forced to radically restructure their government and spending, alongside Venezuela and Russia. In other words, you're a fucking idiot and Saudis are being hurt just as much as Russian and Venezuela in this scenario.
Now, U.S. oil companies aren't doing fantastically either, but there's an ever-dropping price floor for LTO production and the U.S. can drill and POP this wells in less than a week. And these reserves are vast. *VAST.* This makes the old regime of funding your socialist utopia on high oil prices a permanent thing of the past, and I'm shedding no tears over starving Venezuelan commies and Saudi royalty that can no longer afford harems of underaged girls from Ukraine.
>Styx
>Having to watch a manchild for a history lesson
Can't anybody write anymore?
>and I'm shedding no tears over starving Venezuelan commies and Saudi royalty that can no longer afford harems of underaged girls from Ukraine.
Hy a Paшкa? Paшкa-тo чтo бyдeт дeлaть?
Thank you for your reply, but as i already said
I already wrote, you just can't read.
>Only because they can't produce their oil as cheaply since they've got shit equipment because as it turns out socialism and mestizos do not a good country make.
(((They))) exist only in your imagination, user. Which is very scarce if you can't think of reasons for things to happen other than Jews.
>He thinks that oil is why the Venezuelans failed
>Every other oil producing country doing just fine
Yes, it must be the oil, it couldn't be the Socialist regime fucking everything up
>implying the world hasn't been waging economic war with the US for decades with the help of wall street and bought congressmen.
Grow up.
>thank you for your reply but I'm a fucking nigger with no idea as to how these markets actually work
At least you've clarified that much. Pic related is a flowchart of your thinking process.
Incidentally, Western oil is dominated by Anglos, not Jews. You will find nary a Jew among the technical or managerial staff of major oil companies, particularly after Russia's nationalization of Yukos in 2003.
Buying domestic isn't economic warfare.
You're fucking retarded.
You do realize the country was full of poverty when he took charge and he was in power for like a decade? It's impossible to change an entire country's economy in 10 years and then the faggot died of "cancer" and Maduro(incompetent fuck) took over.
I swear you mongoloids know nothing at all
So what Venezuela refused to decentralize its' economy and depended on singular resources to provision wealth.
This is the problem with centralized economies, they are less likely to diversify because all their decisions are made at some central locus.
>This is economic warfare conducted by the USA against Russia&Venezuela, which are currently in a bad economic shape.
Russia copied damn near everything we did during the Cold War. Are we to seriously believe they can't build an economy at least as versatile as Japan with the same number of people and infinite natural resources?
What is holding Russia back internally? What regulations/laws/taxes are killing them? Let's fix this if we really want a backup place to hide.
>who is adolf hitler
>They fell for the "Oil will never drop below $100 ever again" meme
Well let me specify. Its fairly convenient for the US government, that its private sector "suddenly" started hurting 1.Russia (a major geopolitical rival) 2.Venezuela (so that people on Sup Forums can say its a failure) 3. Iran (US wanted war whit Iran on multiple occasions and weakening it is a bonus)
Its really fucking convenient
Now you gone tell me that the USSR coppied US satellite designs and that Sputnik is actually an American model.
So we've had to deal with OPEC for decades; an anti-competitive monopoly that would be illegal under US law as it exists only to keep prices high, and to blackmail "allies" dependent on their energy.
Thank god the US has transitioned to an energy exporter; we can tell dodgy "allies" to go to hell next time they try to drag us into another shiite/sunni bloodletting.
Now what were you saying OP? We should feel bad about breaking the monopoly and for the suffering of despotic shit-tier regimes that have only been able to survive by propping up the price of oil and holding the world hostage? I submit politely that you should just STFU and go to hell. Or Venezuela. Whatever, same difference.
>Sup Forums will tell you that socialism in Venezuela is collapsing because and only because they are "socialist"
Norway's economy is ALSO pretty much singularly dependent on oil production. And yet I don't remember Norwegians dying in the streets and eating each other because gas prices went too low.
>ts fairly convenient for the US government, that its private sector "suddenly" started hurting 1.Russia (a major geopolitical rival) 2.Venezuela (so that people on Sup Forums can say its a failure) 3. Iran (US wanted war whit Iran on multiple occasions and weakening it is a bonus)
>Its really fucking convenient
You know what the Petrodollar is and who the US's main geopolitical allies in the Middle East are?
They were hurt by tumbling oil prices as well.
How many fucking times must i say this.
All im stating is that the US is waging an economic war on Russia/Venezuela/Iran.
>All im stating is that the US is waging an economic war on Russia/Venezuela/Iran.
Uh actually, modern oil acquisition technology is what is waging a war right now. The fracking boom occurred because the tech finally got cheap enough that you could make money at $60 a barrel, this basically puts a ceiling on the cost of oil at that price point.
>You are a fucking nigeriously negroidal niglet and deserve to be gassed.
I'm stealing this line from you Russia. Also good explanation.
Welcome to geopolitics; are you 12?
good, makes me proud to be American
Yea 12 inches deep in your mom.
Now excuse me while i go into the gas chamber after that joke.
Well if they were capitalistic, they'd understand the need for diversifying their fucking sources of income.
Niggers. Can't plan ahead, can't deal with changes.
This is how markets work, you dumb fucking nigger. When a group of nigger-tier blowhards attempts to corner a resource market, and there are industrious people with a vested economic interest in getting out from under them, they invent new and better ways to go after those resources and they tell the niggers to go fuck themselves.
Now, shut the fuck up about things you don't understand and go back to mopping floors, you bootleg fucking Russian.
>It's impossible to change an entire country's economy in 10 years
You clearly know nothing about history at all. Go cry to your professor, commie faggot.
"it's everyone's fault but my own. If every country was [insert ideology here] we would have a utopia!"
Ok then i hope the US just destroys Russia, nukes its cities and enslaves the survivors.
Btw im Slovenian.
Slovenians, Serbians, etc. are "bootleg Russians."
>It's impossible to change an entire country's economy in 10 years
Best thing is you were responding to a German. that should have given you a hint you retard
You build your own shit. The Venezuelan government thought it could get by just selling oil, and some nations do okay with that economic philosophy, if they get along with US. Fact is, the oil industry in Venezuela was handed to the socialists. They had nothing to do with its development, and there was great disparity between middle class and poor in that nation, but the entire nation would be poor, if not for western oil companies developing that commodity. They swung to hard left, they over corrected and made the industrious middle class the enemy. There are other factors too. The CIA tried to get rid of Chavez multiple times, but he out maneuvered them. ChaVez did much for the poor, but there comes a time when a people have to do for themselves, and not rely on the government.
If China did it in the 80s so can you.
Right now it is hovering around 2.50 a gallon of gas here. A few years back it was pushing 4.00 a gallon. I think SA opened up the taps to drive down oil prices, and cause frack wells, and tar pit oil to be unprofitable, as those oil sources are more expensive to refine.
Economic warfare where we destroy our own oil industry?
There are mass layoffs in oil atm, offshoring basically doesn't exist anymore, no new wells drilled in a long while and the only operational platforms are just finishing off already existing contracts.
On land fracking has destroyed traditional drilling since its cheaper.
And then fracking itself is going under because even though its cheap, its still relatively expensive since Americans are doing it and they can do it cheaper in third world shit holes.
So who are we waging economic war on? Ourselves? Because all that is happening is our own industry failing and increasing our reliance on imports.
How exactly did China do it? Do you know a person called Kissinger?
>Now you gone tell me that the USSR coppied US satellite designs and that Sputnik is actually an American model.
Look at the Buran and the Blackjack. Or go earlier and look at their complete B-29 clone. They got mad skillz they're just sitting on.
Goddammit, you colossally retarded fucks.
You have absolutely have no clue about Venezuelan politics and economy.
First of all, before Chavez's retardation regime, Venezuela was a relatively rich country within South America. We'd export other things besides petroleum, like cement and electricity to neighbouring countries. It was softcore socialism (and corruption) with deep capitalistic roots.
"Our Commander" (like our local mentally disabled called him) forcefully expropriates the petroleum, cement, electricity giants within our country in the name of socialism. Nowadays you can't find cement in hardware stores, and there are ***constant*** power cuts across the entire nation, especially during the times of the climatic phenomenon known as "El Niño", it is EVIDENT that the hydroelectric plants aren't being properly mantained, and the money allocated to this industry is being diverted somewhere else, take a guess YOU FUCKING RETARD. Same goes for the cement industry, I work in construction and know for a fact that plants are working at less than half capacity due to damaged ovens.
Please note that these industries worked autonomously before, oil was never involved.
Basically everything the gov't touches becomes literal shit.
I hope Mao and Stalin sodomize you over and over.
its because of people like you our country is this fucked up, fuck off back to cuba commie scum
China didn't do shit. I remember clearly, when the US started allowing trade with China, before that NOTHING in the US said made in China. It was all USA, Canada, Japan, Hong Kong, Taiwan. We let them in the game. They pump out garbage. Plus I imagine when the Brits gave Hong Kong back to China in 99' it did wonders for their economy. The Chinese would still be stumbling around in the dark if not for globalists.
The funny thing is that China was nothing special when labour was concerned. It was a geopolitical move to destroy the Soviets and it worked, now a dragon rises to rival America...