Tuesday, April 19, 2016


Both as peculiar as well as ha-ha, if you ask me.

Peculiar because the irony is that Venezuela is a country almost swimming in oil from the reserves in the Orinoco Belt. They also have the physical capability, by virtue of a forced state nationalization of the facilities that were developed in part by ExxonMobil and ConocoPhilips. So they do have the means of getting the oil out, and I would expect that it's not too terribly hard to then convert that into a usable, lightly-refined product for powering their grid. Yet it's on the verge of collapse.

Except it's not that easy when you've disincentivized production, by way of command and control, thereby destroying values, as well as exorbitant tax structures, which is overt theft.

Ha-ha in that it IS sorta funny to watch a band of half-wit monkeys attempting to pull every available lever in a vain attempt to keep from drowning...or getting the noose...or shot.

All a tragedy, really, and it will eventually become too much for the people of Venezuela to bear.

Best watch and observe carefully, for it is an educational experience from which to learn.

H/T to Survivalblog for linkage.

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