This is part of the problem with that pipeline, by the way. And I actually think that is why the pipeline at all, really.
The Alberta Tar Sands will create a glut of garbage oil in the market place and send every other country's supply down in value. Right now a barrel is at a little over $100. It is heck of a way to wage a war and for what reason I have yet to understand, pure vengeance maybe. The pipeline will reek havoc on oil prices and nations that have been dependent on oil sales for their economy will find themselves hurting. This is an example. This is exactly what is going to happen.
Saudi Arabia, Russia, OPEC will all slide in their ability to generate income and the global economy will be in another decline. The USA has to stem it's exports, build up any and all reserves and stop drilling for god sake.
...State-run Petroleos de Venezuela SA, (click here) which oversees the world’s largest oil reserves, is sending hundreds of thousands of barrels a day to China to pay back government loans. At the same time, refiners along the U.S. Gulf Coast are sourcing more domestic supply as a surge in drilling shale rock sends output to the highest in a quarter-century. A proposed pipeline to transport Canadian crude from oil sands in Alberta to U.S. refining centers could further restrict Venezuela’s access to profitable export markets, according to Tissot Associates....
So this is the new supply of oil China discovered, huh? That's interesting because if China keeps this up it will send the entire Venezuela economy into chaos and China will have to send its own rig workers. That doesn't usually go over too well, ask the petroleum industry in Nigeria.
The parade should have supplied canned goods, too. Castro and the other South American leaders need to supply some advise. This is terrible. They need to talk to China about it's demands. I know Argentina is in no place to bargain with them, but, this is unacceptable. The people need food. The NGOs better be given contracts for the meantime or our near borders are going to be receiving refugees and a new generation of boat people.
The Alberta Tar Sands will create a glut of garbage oil in the market place and send every other country's supply down in value. Right now a barrel is at a little over $100. It is heck of a way to wage a war and for what reason I have yet to understand, pure vengeance maybe. The pipeline will reek havoc on oil prices and nations that have been dependent on oil sales for their economy will find themselves hurting. This is an example. This is exactly what is going to happen.
Saudi Arabia, Russia, OPEC will all slide in their ability to generate income and the global economy will be in another decline. The USA has to stem it's exports, build up any and all reserves and stop drilling for god sake.
...State-run Petroleos de Venezuela SA, (click here) which oversees the world’s largest oil reserves, is sending hundreds of thousands of barrels a day to China to pay back government loans. At the same time, refiners along the U.S. Gulf Coast are sourcing more domestic supply as a surge in drilling shale rock sends output to the highest in a quarter-century. A proposed pipeline to transport Canadian crude from oil sands in Alberta to U.S. refining centers could further restrict Venezuela’s access to profitable export markets, according to Tissot Associates....
So this is the new supply of oil China discovered, huh? That's interesting because if China keeps this up it will send the entire Venezuela economy into chaos and China will have to send its own rig workers. That doesn't usually go over too well, ask the petroleum industry in Nigeria.
The parade should have supplied canned goods, too. Castro and the other South American leaders need to supply some advise. This is terrible. They need to talk to China about it's demands. I know Argentina is in no place to bargain with them, but, this is unacceptable. The people need food. The NGOs better be given contracts for the meantime or our near borders are going to be receiving refugees and a new generation of boat people.
CARACAS, Venezuela — In the year since the death of Hugo Chávez, (click here) this country’s longtime socialist president, one thing has remained constant: He is still loved and hated with almost equal fervor.
To
mark the anniversary, the government on Wednesday held a parade, a
ceremony with a cannon salute at his tomb and a religious service. In
the afternoon, fireworks burst over the capital at the hour of his
death.
His
successor and acolyte, President Nicolás Maduro, presided over the
events, which served as a distraction from weeks of protests against his
government and the country’s deeply ingrained problems, including high
inflation, shortages of many basic goods and violent crime....
CARACAS, Venezuela — In a major show of force, (click here) hundreds of National Guardsmen in riot gear and armored vehicles prevented an “empty pots march” from reaching Venezuela’s Food Ministry on Saturday to protest shortages of staple items.
President Nicolás Maduro’s socialist government, meanwhile, celebrated as a diplomatic victory an Organization of American States declaration supporting its professed efforts to bring a peaceful solution to the country’s worst political violence in years. The United States, Canada and Panama were the only nations to oppose the declaration....
