LAS ARMAS DE CORONEL
Murió el baluarte de la meritocracia luego de una larga enfermedad, que se inició a finales de la década del 80.GRACIAS a todos aquellos que de una forma u otra han contribuido a desmentir de que el segundo mejor negocio del mundo es una petrolera mal manejada.El arruinar un país y sus compañías es imperdonable, las semillas del desorden empezaron antes de Chávez, este fue solo la mala hierba que creció en un terreno mal cuidado donde los árboles frutales de los granjeros fueron saqueados por las turbas.Lo malo es que esas masas de mano extendidas pidiendo a papa gobierno, no han aprendido nada, solo esperan que cambie el gobierno, porque este ya no regala.
Companies like Schlumberger and Halliburton are reducing their operations in Venezuela due to payment issues.As oil markets have been critically analyzing the effects of supply outages in Nigeria, there is another OPEC- member country whose oil production dropped heavily this May. Venezuela, the country which is in grip of a major political, social and economic crisis, registered a steep downfall of 120,000 barrels per day in May 2016. This was Venezuela's biggest monthly decline in a decade. As per OPEC's monthly oil market report, Venezuela's oil production- downfall was even higher than that of Nigeria (although I am a bit skeptical about this claim). Does this mean that Venezuela's oil industry is finally beginning to crumble because of the social, political and economic crisis that has spread across the nation? And, what effect will it have on the markets?Last month, tensions in Venezuela had escalated to such levels that President Nicolas Maduro had to deploy his troops in the country's capital as well as other strategic locations. Although Venezuela's state owned- PDVSA had earlier declared that its oil production will not be hampered because of any productivity issues and worker strikes, things are looking pretty different now. With a production decline of 120,000 barrels per day in May, this monthly decline has been the biggest for Venezuela since the year 2003. A recent report in Wall Street Journal has also claimed that PDVSA is suffering from a massive cash crunch. "It is very surprising. If you want to point at the main problem, it is the cash flow of PDVSA which now looks worse than we had imagined," said energy policy scholar at Rice University Houston- Francisco Monaldi. Venezuela requires oil price to be in the range of $90 - $100 a barrel to break even and crude oil represents almost 95% of the country's total export revenues. So, it is hardly surprising that Venezuela, which earlier used its oil export revenues to fund its generous social programs, is now in a midst of an severe economic and social meltdown (when oil prices are nowhere near its breakeven levels). Even EIA ,in its latest oil market report, has noted that Venezuela's oil output has declined mostly because of rising power outages and limitations in servicing its oil fields. However, the most significant remark made by EIA was related to Venezuela's rising debts. As per EIA, Venezuela owes huge debts to its joint venture partners. In fact, companies like Schlumberger (NYSE:SLB) and Halliburton (NYSE:HAL) are reducing their operations in Venezuela as the Latin American nation is finding it difficult to pay back its multi- billion dollar debts.Gaurav Agnihotri
Efectivamente,Hay que empezar todo de cero.Pero esta gente cae.En el verano de 1944 se dijo algo que a la postre fue veridico:Berlin no caera hoy, no caera manana, pero Berlin caera.
Lamentablemente la gente que queda en Venezuela solo piensa en el bonche y en la cana. Asi no se reconstruye una nacion y mucho menos se derroca a un gobierno maldito.
Venezuela is just imitating Castro-demanding things on credit and never paying. When the suppliers complain, they are vilified and discarded as capitalist exploiters while a new fool is sought. And, oh yes, blame the usual scapegoats as causing the problem, never blame yourselves or your precious ideology.
Otro logro del castrochavismo.........desaparecernos del mapa de los principales productores de petroleo..........desgraciados.
Gustavo, que opina Ud. sobre la reunion de la OPEP?
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