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RE: Venezuela needs our help. Lets create something together to prove that the Blockchain is here to make the world a better place.
I blame socialism in Venezuela and corruption.
I blame socialism in Venezuela and corruption.
Well, you could, but not without some outside help like an artificially low oil price and some other shady dealings. Corruption is par for the course any time mega bucks are involved, some places just hide it better.
That's funny because I was considering a comment about how it can be propped up and appear to work when the oil prices are absurdly high.
Giggles! I remember banks adopting socialism with open arms about a decade ago when they needed to get their mojo back. I also remember gas prices being $4.30 in Mn, $3.15 in Ca, $1.58 in Tx, and $8 in the Netherlands at same time and at the same $100+ per barrel crude. Supply and demand, ..rotflmao! I don't attribute this to any political ideology but to manipulation and possibly corruption. Greetings!
The collapse in the oil price was very much manufactured, the Saudis saved up a few hundred billion dollars at the high price but then they opened the taps on their oil what costs them like $15-20 a barrel to pump and flooded the world with it in order to put all those folks who pay far more to pump a barrel of oil, putting a lot of their competition out of business. That's what really killed the XL pipeline a few years ago, by the time Obama took credit for stopping it the oil price was so low that it was stupid to pipe Canadian tar sand oil that costs like $60 a barrel to produce to Texas. The Saudis stopped their gambit and the price is back up so now it makes sense.