Archived Venezuela Offers India Crude Oil On 30% Discount, Only If It Agrees To Pay In Cryptocurrency (archive.fo)
submitted ago by Kippering
Posted by: Kippering
Posting time: 2.6 years ago on
Last edit time: never edited.
Archived on: 7/30/2018 10:00:00 AM
Views: 1633
SCP: 88
90 upvotes, 2 downvotes (98% upvoted it)
Archived Venezuela Offers India Crude Oil On 30% Discount, Only If It Agrees To Pay In Cryptocurrency (archive.fo)
submitted ago by Kippering
view the rest of the comments →
[–] ProgNaziGator 0 points 6 points 6 points (+6|-0) ago
My understanding Venezuela oil needs special equipment to process. Mr hsve less options especially their utopia is going through inevitable mad max phase.
[–] tanukihat 0 points 12 points 12 points (+12|-0) ago
No more difficult than anywhere else. What happened was Hugo Chavez, the socialist messiah, nationalized the oil industry and replaced all the supervisors with his "trusted friends". Well, his trusted friends didn't know anything about oil so their entire oil industry collapsed from mismanagement. A handful of Saudis could go in there and have production up and running in a week.
[–] firex726 0 points 6 points 6 points (+6|-0) ago
Also means that no Western country would want to invest even a penny for fear it'll be nationalized. So all they can do is sell the commodities they can produce locally.
[–] tendiesonfloor 0 points 2 points 2 points (+2|-0) ago
The HOVENSA refinery had to be specially outfitted to handle the ultra-sulfurous Venezuelan crude.
[–] ANGRY_Hippopotamus 0 points 1 point 1 point (+1|-0) ago
"A handful of Saudis could go in there and have production up and running in a week".
So could the very capable Venezuelans he fired on live TV and the many other who silently left the country over the past decades.
[–] Maroonsaint 1 point 1 point 2 points (+2|-1) ago
Hey Atleast he looks out for his niggas. Jah feel me? Jah feel me mayne?
[–] tendiesonfloor 0 points 2 points 2 points (+2|-0) ago
It does. Extremely high in sulfur.