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IthinkThereforeIAM

(3,075 posts)
8. Oh, and then there is this...
Sat Aug 5, 2017, 12:19 PM
Aug 2017

..."Venezuela has experienced a similar political shock thanks to depressed oil prices. When prices were high, President Hugo Chávez took revenues from the state-owned oil company, Petróleos de Venezuela S.A., and used them to build housing and provide other benefits for the country’s poor and working classes, winning vast popular support for his United Socialist Party. He also sought regional support by offering oil subsidies to friendly countries like Cuba, Nicaragua, and Bolivia. After he died in March 2013, his chosen successor, Nicolas Maduro, sought to perpetuate this strategy, but oil didn’t cooperate and, not surprisingly, public support for him and for Chávez’s party began to collapse. On December 6th, the center-right opposition swept to electoral victory, taking a majority of the seats in the National Assembly. It now seeks to dismantle Chávez’s “Bolivarian Revolution,” though Maduro’s supporters have pledged firm resistance to any such moves."

http://www.salon.com/2016/01/14/there_will_be_blood_big_oils_collapse_and_the_birth_of_a_new_world_order_partner/

Just as I thought! Thank you very much!
It wasn't too long ago that big oil... IthinkThereforeIAM Aug 2017 #1
You really should learn something about Venezuela COLGATE4 Aug 2017 #3
Shell and MobilExxon... IthinkThereforeIAM Aug 2017 #7
Shell (a Dutch company btw) and Exxon what? EX500rider Aug 2017 #10
Oops... IthinkThereforeIAM Aug 2017 #13
Yes but what about Shell & Exxon was relevant to Venz.? EX500rider Aug 2017 #15
Your basic premise is still mistaken. Big oil has not contributed COLGATE4 Aug 2017 #11
And this... IthinkThereforeIAM Aug 2017 #14
And that was 15 years ago... EX500rider Aug 2017 #16
Who says the right wingers... IthinkThereforeIAM Aug 2017 #20
Maybe they are agitated... EX500rider Aug 2017 #22
which, again had nothing to do with Big Oil. COLGATE4 Aug 2017 #18
Bush, Cheney... IthinkThereforeIAM Aug 2017 #21
What sanctions? EX500rider Aug 2017 #23
Anything newer than 15+ years ago??? COLGATE4 Aug 2017 #24
Oh, and then there is this... IthinkThereforeIAM Aug 2017 #8
No, Venz was circling the drain way before the price of oil dropped. EX500rider Aug 2017 #9
What do you think the excerpt you published is supposed to show? COLGATE4 Aug 2017 #12
Soon the Worker's Paradise will be FREEEEEE!!!!! Loki Liesmith Aug 2017 #2
Yep. FREE DUMB COLGATE4 Aug 2017 #4
Saw more propaganda from the "Maduro can do no wrong" crowd... Archae Aug 2017 #5
Venezuelan president removes chief prosecutor, a leading critic, from office Eugene Aug 2017 #6
I guess all the "CIA coup/Big Oil" DUers are busy today Blue_Tires Aug 2017 #17
Trying desperately to find some 'cover' for Maduro's COLGATE4 Aug 2017 #19
Latest Discussions»Latest Breaking News»Venezuela Troops Take Pro...»Reply #8