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Economy and finance, sustainability, growth, GDP, ecological tax systemsThe worrying situation in Venezuela!

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sen-no-sen
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The worrying situation in Venezuela!

Unread Messageby sen-no-sen » 14/11/17, 20:48

The situation in Venezuela is particularly worrying, and this is not unrelated to the fact that this country is the 1 world oil reserve - essentially heavy oils-:

According to a report by the Organization of the Petroleum Exporting Countries (OPEC), the country headed by Hugo Chavez held last year proven reserves of 296,50 billion barrels, the largest in the world.

Venezuela is richer in oil than Saudi Arabia. It is the annual report of the World Petroleum Organization (OPEC) that affirms it. This document indicates that the country led by Hugo Chavez, currently in Cuba for treatment of cancer, had at the end of last year 296,50 billion barrels of black gold that can be exploited, against 211,2 billion a year earlier. It thus surpasses the Saudi kingdom whose proven reserves have remained stable at 264,5 billion.

http://www.lemonde.fr/economie/article/ ... _3234.html

As Colin Campbell said: "tell me where are the big oil reserves and I will tell you where the great conflicts of the century will take place"


Except this is the path taken by Venezuela, which after several abortive coups (destabilization by force) is now in the grip of an economic collapse (destabilization by the economy):

The collapse of Venezuela's economy in 6 figures

Foreign exchange reserves, oil production, exports, imports ... all turn signals are red.


Venezuela was declared, Tuesday November 14, in "partial default" by the rating agency Standard & Poor's. An announcement that is explained by the decay of the economy.
Foreign exchange reserves are melting

Ruined by falling oil prices, Venezuela saw its foreign exchange reserves fall by more than 70% from their record of 2009. These have fallen to their lowest level in fifteen years, and a large part is difficult to mobilize because it is stocked in gold. This drying up of liquidity is undermining the government's ability to service the debt.


http://www.lemonde.fr/economie/article/2017/11/14/l-effondrement-de-l-economie-du-venezuela-en-6-chiffres_5214803_3234.html


Saudi Arabia is also on the path of "change":
Dozens of princes, ministers and businessmen were arrested in Saudi Arabia during an anti-corruption operation described as "decisive" yesterday by the authorities, while the young Crown Prince Mohammed bin Salman continues to strengthen his grip on power.

https://www.ladepeche.fr/article/2017/11/06/2679288-arabie-saoudite-purge-massive-chez-les-dignitaires-du-regime.html
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Re: The worrying situation in Venezuela.

Unread Messageby Ahmed » 14/11/17, 21:51

We can draw a parallel between a state that can no longer sell the raw materials it exports (economy of rent) and an unemployed person who can no longer sell his labor force: the first case is in the macroeconomy, the second in the micro ... Of course, the causes are not the same, except that both sell a devalued product.
Once the producers countries ruined, those who will not fail to get their hands on these reserves will make good profits ... : roll:
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Re: The worrying situation in Venezuela.

Unread Messageby sen-no-sen » 14/11/17, 22:34

Ahmed wrote:Once the producers countries ruined, those who will not fail to get their hands on these reserves will make good profits ... : roll:


Not to mention a plot, because the situation is eminently more complex, we can only note that this country "non-aligned" wipes some disappointments according to a schedule that is not trivial.
The paradox is that on the eve of the "all-oil spike", the price of black gold is relatively low, notably because of the lifting of the embargo on Iran and the use by the USA from their strategic reserves as well as the shale oil boom.
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Re: The worrying situation in Venezuela.

Unread Messageby sen-no-sen » 11/01/18, 10:05

The Saudi authorities are giving women more and more freedom.

http://www.europe1.fr/international/arabie-saoudite-les-femmes-vont-assister-a-des-matches-de-foot-en-janvier-3540287

The decision to allow women to attend meetings is part of the reforms implemented by Crown Prince Ben Salmane.

For the first time in Saudi Arabia, women will be able to attend from Friday in Riyadh, Jeddah and Damman to professional league football matches, officials said Monday.




What is your relationship with oil? : Wink:
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Re: The worrying situation in Venezuela.

Unread Messageby Janic » 11/01/18, 11:14

Hello
What is your relationship with oil?
Perhaps they are the "oil-producing" of Arabia? : Mrgreen:
It is amusing (for our culture) to see, in the photo, these women put green caps "fluo" on their sails. : Shock:
Now it's not that long since French women did not have the right to vote or personal bank account and we hardly see them on football stadiums either! : Evil:
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Re: The worrying situation in Venezuela.

Unread Messageby Ahmed » 11/01/18, 13:08

The wind of reforms (whether political or societal) that is blowing in Saudi Arabia is here to confirm two facts:
1- the collapse of the oil rent due to the fall of the economic course
2- the term exhaustion and especially the decrease in the production of crude, which is structural
If rent and immobility went hand in hand and comforted an archaic tribal model, the new challenges facing the country do not accommodate any more ... The changes envisaged to face them claim the skills of all Saudi, including, of course, the female half. This is not a turnaround in favor of the human dignity of women we are witnessing, but a strategic reorganization to continue maximizing the dissipation of energy within this society.
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Re: The worrying situation in Venezuela.

Unread Messageby sen-no-sen » 11/01/18, 13:16

I should have mentioned that Ahmed did not have the right to participate! : Mrgreen:

Ahmed wrote:This is not a turnaround in favor of the human dignity of women we are witnessing, but a strategic reorganization to continue maximizing the dissipation of energy within this society.


Bingo!
This is indeed what is happening, it is the end of slavery in the USA: it is actually factors of adaptation to energy transformations that are at the origin of most * mutations social ... is more than dress all the beautiful humanist clothes and the turn and played!



* I restrained myself to not say totality!
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Re: The worrying situation in Venezuela.

Unread Messageby Ahmed » 11/01/18, 13:27

Sorry if I did not perceive this implicit exclusion! : Lol:

Indeed, to add a layer, the human dignity of women is so little concerned, that they will continue, in other forms, to be despised, all like their male counterparts when they no longer represent the two emblematic figures of the consumer / producer ...
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Re: The worrying situation in Venezuela.

Unread Messageby Christophe » 11/01/18, 15:06

I wonder if it would be the situation of Venezuela if the oil was (already;)) quoted in a cryptocurrency ...

Kind the OilCoin, idea evoked here : Cheesy:

Of course this remark will make some laugh ... and yet ...
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Re: The worrying situation in Venezuela.

Unread Messageby sen-no-sen » 11/01/18, 17:09

Janic wrote:Now it's not so long ago that French women did not have the right to vote, No personal bank account and we hardly saw them on football stadiums either! : Evil:


The liberation of women so dear to feminists is an illusion, it is above all an economic strategy aimed at maximizing the number of consumers.
Saudi Arabia is just following suit.
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