19F – The Night Venezuela Finally Imploded

[osed125]

Kasz216 said:

osed125 said:

The management is SO bad that 10 years ago Venezuela was in second place of countries who exported oil to the U.S, last time I checked it was number 9.

And even more dire, Venezuela is importing gasoline (let that sink in for a moment).

Well it's not like they HAVE to export the oil to the US to make money.

They could export it to all kinds of non-US allied nations and make money.

It's just they more or less decided to give it away to various countries for political benefits that never really manifested.

It was just an example of the bad management, of course Venezuela exports to other countries, they have to survived somehow.

Heck PDVSA (the government oil company) used to be in the top 5 best oil companies in world 10 years ago...now it isn't even charted.