It would be idiotic to make an assessment of today’s major drop in Oil Prices w/o consideration of China’s relationship with Venezuela...
You will hear almost nothing about this in today’s news; China has propped them up for years, backed by VZ oil.
csis.org/analysis/when-…
You will hear almost nothing about this in today’s news; China has propped them up for years, backed by VZ oil.
csis.org/analysis/when-…
VZ is EXTREMELY mineral rich! However, most of their fields are what is called ‘Heavy Oil’ (look it up), making it more difficult (ie expensive) to extract.
Low oil prices destroy VZ’s ability to produce it; the Chinese are leveraged on a bad investment!
Low oil prices destroy VZ’s ability to produce it; the Chinese are leveraged on a bad investment!
I’m not sure what the production cost per barrel is in VZ anymore, bc their economy isn’t just shit - it’s also full of shit!
I have a friend that went in 2016 - traded $200 US on the black market and had a freaking duffle bag full of cash... and no where to spend it.
I have a friend that went in 2016 - traded $200 US on the black market and had a freaking duffle bag full of cash... and no where to spend it.
I have commented in the past on how I got 15-1 exchange in Buenos Aires... when the banks only paid 5-1.
The people doing the exchange said they were taking the money to Caracas, where they would turn their profit.
VZ is prob. the most corrupt place in the Western Hemisphere.
The people doing the exchange said they were taking the money to Caracas, where they would turn their profit.
VZ is prob. the most corrupt place in the Western Hemisphere.
... and OUR SWAMP is heavily tied to their corruption!
Don’t forget - Fusion GPS has done significant ‘Media Ops’ to cover-up these connections!
It’s just another piece to consider!
Don’t forget - Fusion GPS has done significant ‘Media Ops’ to cover-up these connections!
It’s just another piece to consider!
So... keep some of that in mind when you read the stories about the low oil prices and their affect on stocks.
It’ll be a little bumpy, but I assure you there is ‘method to the madness’.
It’s not all about KSA vs Russia - there’s more to it than that.
It’ll be a little bumpy, but I assure you there is ‘method to the madness’.
It’s not all about KSA vs Russia - there’s more to it than that.
... I’d suggest you check @DawsonSField TL and run searches for his threads - I have some disagreements on other topics, but he covers the VZ + Swamp Corruption + $ Laundering better than almost anyone else.
He’s been covering this topic for years - a wealth of good info.
He’s been covering this topic for years - a wealth of good info.
The very simple assessment is that these low oil prices are going to SMOKE their ability to pay China - they were having a hard enough time as it were!
But media won’t tell you...
But media won’t tell you...
