{"id":16203,"date":"2014-10-18T13:54:30","date_gmt":"2014-10-18T17:54:30","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=16203"},"modified":"2018-06-27T05:12:51","modified_gmt":"2018-06-27T09:12:51","slug":"venezuela-almost-right-for-once","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=16203","title":{"rendered":"Venezuela almost right…for once"},"content":{"rendered":"

Good day all. This story slipped past everyone, what with Barack Obola doubling down on his incompetence. It seems that Venezuela is blaming the United States government for the collapse of oil prices.<\/p>\n

<\/p>\n

Well, they are almost right. Oil prices are collapsing in spite of that SCoaMF, Obama. If Der Fubar had his way, oil would cost $500 per barrel. In a story the Chinese news site, Xinhuanet the current President let fly:<\/p>\n

Venezuelan President Nicolas Maduro on Thursday blamed Washington for the slump in global oil prices.<\/em><\/p>\n

Washington is “flooding” the market with cheaper shale oil to bring down prices and ultimately impact Russia and other oil-producing nations, Maduro said at a televised Cabinet meeting. <\/i><\/p>\n

“The U.S. and its allies want to affect oil prices to harm Russia, which produces around 10 million barrels per day, and that is the vital income of their economy,” said Maduro. <\/i><\/p><\/blockquote>\n

\"wambulance\"<\/a><\/p>\n

As I said, Maduro is almost right. It isn\u2019t Washington that\u2019s driving down oil prices, it\u2019s the private sector oil companies pumping oil out of all the newly discovered oil reserves in the Dakotas and Texas. Right now, the United States is on the cusp of being independent of foreign oil. there\u2019s also an additional problem with the oil that Venezuela produces. Basically, they produce sludge. According to Wikipedia<\/a>:<\/p>\n

The crude oil that Venezuela has is very heavy by international standards, and as a result much of it must be processed by specialized domestic and international refineries. <\/i><\/p><\/blockquote>\n

Compare this with the oil being produced in the Middle East and North America is considered \u201cLight.\u201d this means it\u2019s very easy to refine into petroleum products. Since Venezuelan oil is more difficult to process, it costs more to refine. Add to this the utter mismanagement of the Venezuelan reserves, first by Hugo Chavez<\/a>, (May he continue rotting away), and now by Nicolas Maduro, the Venezuelan government is starting to lose money on their oil production.<\/p>\n

\"nelson2\"<\/a><\/p>\n

So, that loudmouthed communist has almost hit the bulls-eye. United States and Canadian oil fields are flooding the markets with good quality oil. Since exporting that sludge they call oil is the only way they can keep their economy from completely collapsing Maduro\u2019s only hope is that OPEC will cut production in order to keep prices high. The Saudi\u2019s and other OPEC countries have basically said that isn\u2019t going to happen<\/a>. This doesn\u2019t bode well for Maduro\u2019s continued good health. I hope he\u2019s invested in bullet proof underwear.<\/p>\n

\"suck<\/a><\/p>\n

Thatisall<\/p>\n

~The Angry Webmaster~<\/b><\/i><\/p>\n

[yasr_visitor_votes size=”medium”]<\/p>\n","protected":false},"excerpt":{"rendered":"

Good day all. This story slipped past everyone, what with Barack Obola doubling down on his incompetence. It seems that Venezuela is blaming the United States government for the collapse of oil prices. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[176,71,8,57],"tags":[15,245,246,8,110,24,34],"class_list":["post-16203","post","type-post","status-publish","format-standard","hentry","category-economy","category-news-of-the-day","category-politics","category-technology","tag-incompetence","tag-oil","tag-opec","tag-politics","tag-scoamf","tag-socialism","tag-stupidity"],"views":845,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":46712,"url":"https:\/\/angry.net\/blog2\/?p=46712","url_meta":{"origin":16203,"position":0},"title":"Now that Maduro is gone, Venezuela becoming a major oil exporter","author":"Angry Webmaster","date":"March 11, 2026","format":false,"excerpt":"Good day all. 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Under the Greatest President of the 21st Century, Donald Trump, the United States achieved full energy independence for the first time in decades. As soon\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/originals\/55\/8c\/d5\/558cd5782bcf8a49bc421bd7da11a2c4.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":37145,"url":"https:\/\/angry.net\/blog2\/?p=37145","url_meta":{"origin":16203,"position":3},"title":"Who does Dementia Joe really support regarding the Ukraine?","author":"Angry Webmaster","date":"May 11, 2022","format":false,"excerpt":"Good day all. We coming up on the third month of the Russia\/Ukraine war, and things are not going well at all for Mother Russia. Very early on, many private companies pulled out of Russia, and soon thereafter, other countries started imposing sanctions. One of these was to end purchases\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/03\/Donald-Trump-300x214.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":47049,"url":"https:\/\/angry.net\/blog2\/?p=47049","url_meta":{"origin":16203,"position":4},"title":"OPEC is starting to collapse","author":"Angry Webmaster","date":"May 26, 2026","format":false,"excerpt":"Good day all. One of the side effects of Epic Fury is the start of the dissolution of the Organization of Petroleum Exporting Countries (OPEC). Many of the smaller Arab oil states have long been chafing under the quotas forced on them by the larger OPEC countries. 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Since the first day of the disaster known\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/originals\/9a\/fa\/68\/9afa6824633fa5fe0b546f4a8c0beba5.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/16203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16203"}],"version-history":[{"count":4,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/16203\/revisions"}],"predecessor-version":[{"id":26483,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/16203\/revisions\/26483"}],"wp:attachment":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}