US Justice Dept charges Maduro with narco-terrorism, offers $15 million reward for information

a reply to: fringeofthefringe

Why does that have to be mutually exclusive of anything else?

That is not the point, You seem to think that the USA is going after the oil from Venezuela who have the largest oil reserves in the world, we are not. We just want the oil sold on the world market in dollars.

You never answered why the USA never took Iraqi oil, who is the number 3 oil exporter in the world?

originally posted by: AugustusMasonicus
a reply to: fringeofthefringe

Why does that have to be mutually exclusive of anything else?

originally posted by: fringeofthefringe
That is not the point, You seem to think that the USA is going after the oil from Venezuela who have the largest oil reserves in the world, we are not. We just want the oil sold on the world market in dollars.

Again, why does it have to be mutually exclusive?

You never answered why the USA never took Iraqi oil, who is the number 3 oil exporter in the world?

I did answer that, you ignored the answer.

This is a great topic, lets both not get petty. I have mentioned it a few times and it is a thread killer.

My point was that wikipedia isn't always the best source and that the information you provided was unrelated to the discussion.
I do not see where you answered the Iraqi oil question.
You have to look back to when we took our dollar off the gold standard and then analyze our foreign policy and allies since.
The people we align with and those we go against.

In October of 2000 Iran, Iraq and Afghanistan announced they were leaving the dollar and would sell their oil in Euros.
Hector Chavez led Venezuela and was more creative and set up a barter system to circumvent the dollar.
Colonel Gaddafi made it public in 2009 his intent on leaving the dollar and created the gold dinar
What do they all have in common today?
Now Nicolas Maduro just signed his death warrant.

originally posted by: AugustusMasonicus

originally posted by: fringeofthefringe
That is not the point, You seem to think that the USA is going after the oil from Venezuela who have the largest oil reserves in the world, we are not. We just want the oil sold on the world market in dollars.

Again, why does it have to be mutually exclusive?

You never answered why the USA never took Iraqi oil, who is the number 3 oil exporter in the world?

I did answer that, you ignored the answer.

originally posted by: fringeofthefringe
My point was that wikipedia isn't always the best source and that the information you provided was unrelated to the discussion.

Use the little footnotes at the bottom, or both Exxon and Occidentals earnings statements, this isn't hard to verify. We pump more oil out of Iraq than any other country.

In October of 2000 Iran, Iraq and Afghanistan announced they were leaving the dollar and would sell their oil in Euros.

Dude, you're really out there now, Afghanistan didn't/doesn't even produce oil of any consequence to sell it.

Iran exported food products, medicine, and oil to Afghanistan, Afghanistan was quite dependent on Iran for its oil and fuel needs, I should not have conflated them regarding selling oil, they would have been buying the Iranian oil.



This is what I meant about Wikipedia, when the US brought the Iraqi oil wells back to market the US did not get any of the oil.

content.time.com...

Far from behaving like the war-ravaged, bankrupt country that it is, Iraq heavily weighted the contracts in its own favor, demanding a low per-barrel price and signing bonuses of up to $150 million. Only one U.S. company, Occidental Petroleum Corp., joined the bidding last weekend, and lost.(ExxonMobil had hoped to land the lucrative Rumaila field, but lost out to an alliance between the Chinese National Petroleum Company and BP because it declined the Iraqi government's $2-a-barrel fee.)

Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades.

originally posted by: AugustusMasonicus

originally posted by: fringeofthefringe
My point was that wikipedia isn't always the best source and that the information you provided was unrelated to the discussion.

Use the little footnotes at the bottom, or both Exxon and Occidentals earnings statements, this isn't hard to verify. We pump more oil out of Iraq than any other country.

In October of 2000 Iran, Iraq and Afghanistan announced they were leaving the dollar and would sell their oil in Euros.

Dude, you're really out there now, Afghanistan didn't/doesn't even produce oil of any consequence to sell it.

www.reuters.com...

Venezuela publishes oil prices in Chinese currency to shun U.S. dollar

This is why Maduro is on the US hit list, sitting on the world's largest oil reserve and going against the dollar.

originally posted by: AugustusMasonicus
a reply to: trollz

Poor bastard just didn't understand he's been on borrowed time since his birth as he's living on top of our oil.

a reply to: fringeofthefringe

I am aware of that auction, you are not addressing the aggregate numbers, Exxon was there before that sale.

Companies, including Exxon, were and are free to compete for contracts but the US government never took the oil or manipulated the contracts awarded through the auction referenced in the link I sent you.
Those points are ancillary to the fact that the US is the reserve currency through a known agreement with the Saudi's OPEC World Bank and others.
The Triffin Dilemma speaks to the hazards of having the reserve currency but the point I was making was the US would never go into Venezuela and take their oil, never, they need to make sure Nicolas Maduro sells the Venezuelan oil in dollars if he does not he will pay a steep price, as others have.
It is a great topic but I see you would rather not have a discussion about it, fine.

Remember our initial discussion started, you said the US would go into Venezuela and take their oil and my point is no we won't we just need the oil to be sold in dollars in the world market to protect our reserve currency status and our way of life.

originally posted by: AugustusMasonicus
a reply to: fringeofthefringe

I am aware of that auction, you are not addressing the aggregate numbers, Exxon was there before that sale.

a reply to: fringeofthefringe

'Taking the oil' is a euphemism. If you really need me to explain that to you then you are being ultra pedantic.

So when you replied "taking the oil" what you really meant was making sure the oil would be sold in dollars on the world market? Ok.

That picture you posted seemed to imply something different.
I thought you were saying that during a revolution and financial collapse in Venezuela that the US was going to go into Venezuela and "take the oil" , which is ridiculous. I am glad you cleared that up.

originally posted by: AugustusMasonicus
a reply to: fringeofthefringe

'Taking the oil' is a euphemism. If you really need me to explain that to you then you are being ultra pedantic.

originally posted by: fringeofthefringe
So when you replied "taking the oil" what you really meant was making sure the oil would be sold in dollars on the world market? Ok.

And getting American companies in there to extract and process the oil.

With all the US companies leaving to increase profit margins and nothing was ever done, by the way this was one of the main reasons Trump was elected, I do not see then and now any evidence of the US government nefariously getting American companies contracts. May be so but I have not seen it.
I remember when BP caused that oil spill, they are headquartered in the UK and drilling on US soil.
I do see American oil companies competing globally, and rightfully so. These countries need the best oil companies to come in and extract their oil at a nice profit for all.
Not sure what the US government would gain here, as it goes for oil the number 1 concern for the US is to make sure the oil is sold in dollars so we continue to maintain our reserve currency.
This also gives us a great deal of global influence, without it we are in big trouble.
It is a complicated topic with many tentacles.

We will have to see how this all turns out, Maduro's fate and what happens to the Venezuelan oil fields both the denomination it is sold in and who gets the contracts at their wells.
The world is changing before our eyes, I hope our global control does not or we will all pay a big price here in the USA.

originally posted by: AugustusMasonicus

originally posted by: fringeofthefringe
So when you replied "taking the oil" what you really meant was making sure the oil would be sold in dollars on the world market? Ok.

And getting American companies in there to extract and process the oil.

a reply to: fringeofthefringe

There doesn't need to be anything nefarious, there are only so many companies that can extract and process petrochemicals and some of the largest happen to be Murican.

Then what did you mean when you replied?

And getting American companies in there to extract and process the oil.

originally posted by: AugustusMasonicus
a reply to: fringeofthefringe

There doesn't need to be anything nefarious, there are only so many companies that can extract and process petrochemicals and some of the largest happen to be Murican.

a reply to: fringeofthefringe

If the Venezuelan oil industry is no longer nationalized it opens the door to foreign companies.

Maybe there are some people in America who would like to go to Venezuela and held protect Maduro?

Venezuelan President Nicolás Maduro on Thursday called President Trump a “racist cowboy" after the U.S. indicted him and his inner circle on several charges earlier in the day.

In his response, Maduro said that he is ready to fight by whatever means necessary should the U.S. invade Venezuela, The Associated Press reports.

thehill.com...

It's not looking good for Nicolas Maduro, a bad sign for old Nicky boy.
Don't drop the soap Nicky.
From your article...

Attorney General William Barr said that the U.S. was not indicting a foreign head of state, which would be unprecedented, pointing out that the U.S. recognizes Juan Guaidó as the Venezuelan president.

originally posted by: carewemust
Maybe there are some people in America who would like to go to Venezuela and held protect Maduro?

Venezuelan President Nicolás Maduro on Thursday called President Trump a “racist cowboy" after the U.S. indicted him and his inner circle on several charges earlier in the day.

In his response, Maduro said that he is ready to fight by whatever means necessary should the U.S. invade Venezuela, The Associated Press reports.

thehill.com...

a reply to: fringeofthefringe

It looks like a Maduro Co-Conspirator has turned himself in. I bet he's cutting a $15 million dollar deal with the DEA/DOJ.

www.usnews.com...

I think Barr used the Corona Virus Task Force press conference to send a message to global opportunists.
I mean he did not have to send that message then, unless he wanted many people to hear it.

originally posted by: carewemust
a reply to: fringeofthefringe

It looks like a Maduro Co-Conspirator has turned himself in. I bet he's cutting a $15 million dollar deal with the DEA/DOJ.

www.usnews.com...