Venezuela can't even pump oil properly any more.

Some of us are aware that Venezulan society has been collapsing due to the far-left socialist policies of the morons running the place. But seeing as how their economy depends on oil exports, certainly they'd have enough sense to make sure the oil industry is in good shape, right?

Yeah, about that:


India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues

Venezuela’s Indian, Chinese, and American clients are complaining that crude shipments from PDVSA are poor in quality and are resulting in demands for discounts and returned shipments, according to a new report by Reuters, including interviews with over a dozen sources and supporting documents.

The disputes involve the contamination of crude with water, soil, and other minerals that make it difficult for refineries to effectively process crude for mass consumption.

But the sources speculated that the low quality of shipments was due to lack of upkeep at PDVSA facilities as officials try to cut corners to save operating costs.

In addition, the state-owned company lacks the resources to buy chemicals that aid in the long-term storage of crude before shipment.

Dang. At this point, I figure a military coup is only a matter of time.

a reply to: AndyFromMichigan

More like a US military invasion or a CIA sponsored coup.

For some countries sitting on huge oil reserves, buying things isn't a problem.

I wish I recalled where I had seen it, but I remember reading an article about a lake that was where most of Venezuela's crude was pumped out from under. It was at least two years or maybe three ago, and it talked about the deteriorating conditions of the petroleum company and the lake itself. It was like a giant ecological disaster in the works.

Looks like it's starting to work its way out through the system.

news.mongabay.com...

Here's one that talks about it, but it's not exactly the one I recall. But it covers it in detail.

Damn, all that juice...

I read that the Venezuelan oil workers joined in on a general strike. The government was furious and had all the strikers fired. Might have been related to capping wages to make society more "equal". But extracting oil from the ground in Venezuela isn't easy. There are all sorts of difficult geological features to handle; layers of granite, mud as well as the usual gas bubbles. So the government just hired whoever they could find as replacements. These people didn't know the geology so make mistakes that either damaged machinery or the wells or both. Now they end up with the oil contaminated.

They need the oil exports to balance whatever imports they need.

This had nothing to do with far-left. It's just morons running the country into the ground.

originally posted by: cenpuppie
This had nothing to do with far-left. It's just morons running the country into the ground.

A variation of, "It's not socialism that's the problem; we just haven't got the right people running it."

How come no one has ever found those right people, and what happens when those mythical right people die?

As soon as another country wants to use another monetary system then the US aka petro dollar,they are doing enviromental damage,and destroying human rights,what a joke the CIA is all over the world,and the people know it