Venezuelan lobbying for oil production reduction: tour begins Monday in Russia

Monday, February 1st 2016 - 06:22 UTC

Full article 8 comments

Venezuelan Oil Minister Eulogio Del Pino will visit Russia, Qatar, Iran and Saudi Arabia on a tour of OPEC and non-OPEC countries intended to drum up support for action to stem the tumble in crude prices. Read full article

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ChrisR
Well, at least this crook has the right name 'Pine'. Not as dense as deciduous woods or MADuro but full of sticky, smelly, liquid that can set fire to things.

Let us hope that this ill thought out pantomime goes the way of all things Chubby-esque.

Anybody know when the internecine fighting is going to start?
Feb 01st, 2016 - 11:11 am - Link - Report abuse 0
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Klingon
Not going to find much sympathy in OPEC.
All the others have to do is wait another couple of months and Venezuela will crumble, (one less).
Feb 01st, 2016 - 12:17 pm - Link - Report abuse 0
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yankeeboy
It takes 20 days and 10MM to frack a new well.
We already know where the oil is so there's no need to explore
There will never be a time that OPEC can squeeze us again

It will sink in sometime...
Feb 01st, 2016 - 12:58 pm - Link - Report abuse 0
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ilsen
“Who will rid me of this troublesome priest?”

... to paraphrase somewhat...
;-)

So sad to see this High Priest of C 21st Socialism, (sic.) go 'cap-in-hand' to some of the dirtiest strongmen in the world, desperate for a hand-out.....
Feb 03rd, 2016 - 02:26 am - Link - Report abuse 0
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L0B0MAL
The interdependent world-economy keeps taking different shapes & sizes - constantly.

Hence:
- there is no such thing as a “Fixed-Price” [or a fixed price-range] for ANY Product & Service.
- it's a matter of demand-&-supply
- a price can change from a deal-to-deal.
- it is a matter of what [how much] a buyer can pay during a specific transaction.

Finally; It does NOT depend on the seller's whims & fancies.

Del Pino knows THAT! So he must be “leaving Venezuela” for a different / ulterior motive [motives]. Don't you think so?
Feb 04th, 2016 - 11:45 am - Link - Report abuse 0
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ilsen
@5
I have no idea what you are talking about,
do try to be coherent, I find that helps.
xx
Feb 05th, 2016 - 03:52 am - Link - Report abuse 0
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L0B0MAL
In Brazil, Oil-Prices are already high AND are on the rise!

He should FIRST visit Brazil!
Feb 07th, 2016 - 11:12 am - Link - Report abuse 0
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ilsen
haha!
Oil prices may be 'high' in your local market, which means you are paying more for oil/gasoline/petrol than the rest of the World.
Who is the sucker now?
Feb 09th, 2016 - 03:19 am - Link - Report abuse 0
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