Speakeasy forum

General discussion

A Sudden Plunge In Venezuelan Production?

by EdH / May 3, 2006 12:44 PM PDT
LINK

Potentially a bigger problem than the Bolivia tif.

Is Venezuela's oil production rapidly waning? One source reports that the world's fifth largest oil producer is showing signs of a rapid decrease in production, one of the key tenets of the peak oil theory.

Venezuela is buying oil from Russia in order to avoid defaulting on deliveries to clients. The situation raises serious questions about the country's oil production and the future of PDVSA as a major oil producer, and increases the risk to the U.S. oil supply should the country's oil production suddenly plummet.
Discussion is locked
You are posting a reply to: A Sudden Plunge In Venezuelan Production?
The posting of advertisements, profanity, or personal attacks is prohibited. Please refer to our CNET Forums policies for details. All submitted content is subject to our Terms of Use.
Track this discussion and email me when there are updates

If you're asking for technical help, please be sure to include all your system info, including operating system, model number, and any other specifics related to the problem. Also please exercise your best judgment when posting in the forums--revealing personal information such as your e-mail address, telephone number, and address is not recommended.

You are reporting the following post: A Sudden Plunge In Venezuelan Production?
This post has been flagged and will be reviewed by our staff. Thank you for helping us maintain CNET's great community.
Sorry, there was a problem flagging this post. Please try again now or at a later time.
If you believe this post is offensive or violates the CNET Forums' Usage policies, you can report it below (this will not automatically remove the post). Once reported, our moderators will be notified and the post will be reviewed.
Collapse -
It's hard to tell what the problem is, EdH.
by Dave Konkel [Moderator] / May 3, 2006 1:48 PM PDT

The most likely cause is that because of Chavez' policies hitting foreign oil companies, things aren't necessarily being fixed properly when they break down. That seems more likely (and ultimately fixable) than the fields starting to play out well before their predicted time.

-- Dave K, Speakeasy Moderator
click here to email semods4@yahoo.com

The opinions expressed above are my own,
and do not necessarily reflect those of CNET!

Collapse -
I wonder if this means that
by TONI H / May 3, 2006 11:35 PM PDT

Citgo/Texaco will be shutting its doors anytime soon since I understand that Chavez/Venezuela is the sole owner of that company now.

TONI

Collapse -
The problem may be that...
by EdH / May 4, 2006 12:03 AM PDT

socialist dictatorships are really lousy businessmen? Note the part about their gifts of oil to Cuba, etc.

Collapse -
It could also mean that,
by Diana Forum moderator / May 4, 2006 1:04 PM PDT

since they didn't build or maintain the equipment, they are letting it go to seed.

Diana

Collapse -
(NT) (NT) Same thing. Bad businessmen.
by EdH / May 4, 2006 9:00 PM PDT
Popular Forums
icon
Computer Newbies 10,686 discussions
icon
Computer Help 54,365 discussions
icon
Laptops 21,181 discussions
icon
Networking & Wireless 16,313 discussions
icon
Phones 17,137 discussions
icon
Security 31,287 discussions
icon
TVs & Home Theaters 22,101 discussions
icon
Windows 7 8,164 discussions
icon
Windows 10 2,657 discussions

Does BMW or Volvo do it best?

Pint-size luxury and funky style

Shopping for a new car this weekend? See how the BMW X2 stacks up against the Volvo XC40 in our side-by-side comparison.