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Montevideo, November 20th 2018 - 11:55 UTC
The U.S. government ordered family members of employees at its embassy in Venezuela to leave on Thursday as a political crisis deepened ahead of a controversial vote critics contend will end democracy in the oil-rich country. Read full article
Populism at its best! I am sure Kamerad/Komrade Rique is glued to his television avidly watching people being beaten at this very moment!
Have you not been listening?
Maduro is doing this FOR the People.
It's interesting: the govt. doesn't care who the electorate votes for, since they chose all the candidates. They just care THAT people vote. The Assembly requires 7.6 million votes to happen, there are two million public workers who know they will lose their jobs if they don't vote, so what about the rest?
If the Assembly actually manages to become reality will the US follow up on it's threats to impose economic sanctions? 'Cause if they actually stop buying Venezuela's oil, where %50 of it is sold...they're screwed.
If the US decides to stop buying, and specifically REFINING the Venezuelan petroleum, the situation gets much worse. Much of the extra-heavy crude oil requires special processing to convert it into a usable product (frequently done in US Gulf Coast facilities). THAT capability is not available at most refineries... and you can't modify a refinery to do it quickly. And keep in mind, the other refineries have already contracted other cargos to process anyway.
Of course, the US owned refineries that presently contract with Venezuela would be hurt in the short term, but that heavy petroleum has nowhere else to be sent, processed and subsequently sold.
ANYWAY, the bottom line is: If the US doesn't buy the Venezuelan product, someone else will... and they can probably get it at an even lower price than usual. But if you don't have an on-spec product to sell, no sale.
Best wishes everyone!
I don't believe the US refineries will be hurt at all, they are switching to lighter crude already in anticipation of sanctions.
The come has come for the reasonable (if there are any) countries of LATAM to take control of Venezuela. Venezuela is not only a failed state experiment, it is killing it's own people by the hundreds. If the world allows Venezuela to continue on it's current path, it will become one of the largest military sanctioned narco states. If LATAM can't kind a pair of balls to neutralize Maduro, the west must act decisively as this country is clearly a danger to the world in it's narco economy.
Now let the Purges begin...
There does not seem to be enough press about the situation there. Most of the world doesn't know and more sadly, doesn't care. I really wish my country had a president. and world leader.
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