Originally posted by Oerdin
The Chrtian Science Monitor I linked to and which LotM quoted was from May of 2006. I'm afraid there is no getting around this for you.
The Chrtian Science Monitor I linked to and which LotM quoted was from May of 2006. I'm afraid there is no getting around this for you.
I can have it whatever way I want it. One would expect, if oil production had dropped to 50% of its output from 1999, that it would have been doing so over a long period that it would be noticeable four years after Chavez' election. You have been saying for four years now how horrible Chavez is and how he is destroying Venezuela and how oil production has completely collapsed. Yet immediately after the strike, oil production bounced back almost to previous levels.
CM quotes the former head of the Venezuelan petroleum company for the 50% production. While they don't say who they are quoting from, the same exact figure is used by this man elswhere, and CM starts using his name immediately following their "unnamed source."
Now, The International Energy Agency, which is the one place where everyone seems to be quoting from has recently admitted they underestimated Venezuela's production by about 300,000 bpd, so instead of the 2.6 mbpd that is quoted by CM (which is supposed to be 50% of 3.5mbpd???) is actually 2.9 mbpd. Venezuela claims to be at 3.3 mbpd.
In any event, it's clear that Venezuela's doing quite well, and hardly in dire straits. While those who loathe Chavez are claiming that he's driving the country to ruin, that ruin is yet no where to be seen, and lots of people are making lots of money. While right-wingers leave the country in an attempt to make the economy scream, new people are happily moving in to the vacated positions. Maybe they don't know their jobs as well as the people they are replacing, but people can learn. It's not as if Wall Street complains all that much when American corporations toss out their expensive knowledgeable workers and replace then with fresh meat. Venezuela will survive the loss of traitorous dinosaurs.
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