Socialism at Work In Venezuela

**Tribesman** · 10-23-2008, 21:58

Wow thats amazing , an Opec country that is always pushing for a reduction in production of oil is producing less oil than it was in the late 1990s ...stunning isn't it .
Hold on maybe there is something in this ...errrrr......yeah there must be something .....errrrr.....late 1990s ....errrrrr....oh thats when Opec boosted production before cutting it again isn't it .
Hey rabbit you should have waited , not only did they vote to cut procuction again this month they are having another meeting next month on cutting production further ....if only you had waited you could have announced a bigger reduction in oil production for Venezueala

**CountArach** · 10-23-2008, 23:20

Surely the man with more oil 20 years from now will be King?

**Crazed Rabbit** · 10-24-2008, 02:49

Originally Posted by Tribesman

Wow thats amazing , an Opec country that is always pushing for a reduction in production of oil is producing less oil than it was in the late 1990s blah blah blah

Nope, today's OPEC production levels are about the same as 1998. Not Venezuela, though.

And maybe he's pushing for quota reductions because he can't even reach his own.

Considering that selling oil to the US supports the entire country, I don't think Chavez'd be pumping ~1,000,000 bbl/day less than the quota by choice.

But maybe the article and all the reports about the struggling Venezuelan oil industry are wrong.

CR

**PanzerJaeger** · 10-24-2008, 02:56

Originally Posted by Tribesman

Wow thats amazing , an Opec country that is always pushing for a reduction in production of oil is producing less oil than it was in the late 1990s ...stunning isn't it .
Hold on maybe there is something in this ...errrrr......yeah there must be something .....errrrr.....late 1990s ....errrrrr....oh thats when Opec boosted production before cutting it again isn't it .
Hey rabbit you should have waited , not only did they vote to cut procuction again this month they are having another meeting next month on cutting production further ....if only you had waited you could have announced a bigger reduction in oil production for Venezueala

Somehow all of the other OPEC countries managed to make huge money during the run-up in prices, despite production cuts.

I don't know why you constantly dance around defending Chavez. His little experiment is an embarrassment to all who hold leftist views.

**Tribesman** · 10-24-2008, 03:15

Wow Rabbit thinks that the country that pushed for oil production cuts in 1998 didn't want to cut oil production .

Nice thing about the quotas though , can you explain why Saudi which under US pressure boosted production still doesn't meet its quota ?
Then can you explain why many of the other Opec countries don't meet their quota either ?
And then can you explain why many of the other Opec countries have quotas that exceed their capacity ?
But then I suppose that might require a little too much thought for you to manage

Perhaps you could go for an easy one , just explain the basics of the quota system used by Opec

**HoreTore** · 10-24-2008, 07:34

Bah CR, this is still the 20th century brand of socialism. If you want to look at 21th century socialism, take a peek at scandinavia, for example. And we're doing great(the rock in the middle of nowhere called iceland excluded).

even though you already knew that, and started this thread purely for the troll factor....