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Wed Mar 6, 2019, 08:47 PM

The Capitalists Killing Venezuela

Greg Palast has been following Venezuela longer and closer than almost any source. Palast's latest on Venezuela's decline discusses Capitalists undermining the country's economy. He names the Kochs, and others, directing the deterioration which is then blamed on the effects of Socialist ideals.

Venezuela: The Trump Coup ó And Our Next Oil War
Aggressive Progressive Jimmy Dore interviews Palast
March 6, 2019
Greg Palast

People donít know the Kochs have these giant refineries, some of the biggest in the world, on the Gulf Coast of Texas, in the middle of oilfields. They canít use Texas oil because itís not heavy and filthy enough, so they have to take almost all their oil from Venezuela, one of the only places where you get this super heavy oil. Normally itís discounted. But because they know the Kochs have to use their oil, Chavez, who was really bright man, was squeezing the Kochs by the cojones and charging them a premium for his oil. The Kochs have been going crazy ó they were losing money at their refinery because of the price.

Video and more:

https://www.gregpalast.com/venezuela-the-trump-coup-and-our-next-oil-war/

3 replies, 381 views

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Reply The Capitalists Killing Venezuela (Original post)
StClone Mar 6 OP
JCMach1 Mar 6 #1
StClone Mar 6 #2
Judi Lynn Mar 6 #3

Response to StClone (Original post)

Wed Mar 6, 2019, 08:51 PM

1. Bad planning, Venezuela did not create a sovereign wealth

Fund when the price was high. Now that the price has crashed and they didn't save for a rainy day...

So yeah, it's definitely about the economics and mismanagement not the political system.

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Response to JCMach1 (Reply #1)

Wed Mar 6, 2019, 08:56 PM

2. From the video

There has been a long-term systematic effort to manipulate and steal the oil profits of the country by undermining the economy of Venezuela.

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Response to StClone (Original post)

Wed Mar 6, 2019, 10:48 PM

3. Thoroughly enjoyable material from Greg Palast. Have appreciated his writing for so many years!

Thanks for sharing this, St.Clone!

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