Peak Oil reality or Myth, of an out of Control System Message Board

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Politics : Peak Oil reality or Myth, of an out of Control System

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From: dvdw©

3/19/2019 10:03:18 AM

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Two Posts about doing business with the zoo.

rom: dvdw©	3/14/2019 9:57:01 AM
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Here is a hind sight piece about Russias good will adventure into the worlds biggest oil quagmire. Fascinating that even a political ally demonstrating greed and good will should come to this. finance.yahoo.com Suspect Chinas joint ventures in the Zoo faced the same kinds of results. Now this came this morning....as PDVSA is moving itself closer to Russia. Not that this matters, Russia just wants to get paid. The realization that USA needs the zoo's oil.....will be proven false. Many of Russias complaints about business with the zoo, will not resolve themselves easily. To have made such large investments as both China and Russia have, they have turned the capital over to networks of inefficiency and political hubris. there must be some magnetic attraction between like minded governments....trouble is any advantages which may have been expected to accrue, have expired on the shelf. the zoo always believed it held an extortion card (peak oil as fact).....but that whole narrative is wrong gone.

Venezuela may divert U.S.-bound oil to Rosneft, says Jose generator working

Reuters•March 18, 2019

FILE PHOTO: Venezuela's Oil Minister and President of Venezuelan state-run oil company PDVSA Manuel Quevedo listens to a speech during the Petrotech conference in Greater Noida, India, February 11, 2019. REUTERS/Anushree Fadnavis/File Photo
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BAKU (Reuters) - Venezuela may divert oil originally bound for the United States to Russian oil company Rosneft or other destinations due to U.S. sanctions, Venezuelan oil minister and president of state-run oil company PDVSA Manuel Quevedo said on Monday.

Speaking at a gathering of OPEC and other oil ministers in Baku, Azerbaijan, Quevedo added that the generator at Venezuela's primary Jose oil terminal was now working after a blackout that halted crude exports last week.

Quevedo said Caracas would decide where to ship its own oil and that its main goal was to strengthen ties with Russia, pledging to abide by oil supply contracts

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