To: Elroy Jetson who wrote (146811 ) 3/11/2019 2:54:26 PM From: ggersh Read Replies (1) | Respond to OMFG what a load of BS, you taking cues from MWMessage 32057354 Message 32050367 theintercept.com Venezuela was in fine shape , in spite of US "sanctions", until they decided to stop spending enough of their oil income on the maintenance of their oil production industry . they've replaced competent managers in the food, oil and electrical industries with political friends who are completely unqualified . I doubt these idiots blew out their nation's electrical transmission system with a power overload on purpose - they simply have no idea what they're doing and the people who did have long ago left the country . They're educated engineers, they can get jobs in other countries.Maduro and his associates have been directing the proceeds of oil sales into their personal accounts .1.) Chevron has lost small amounts of money in Venezuela for the past two years because they have spend all of their oil production earnings on oil production maintenance that Maduro's government has refused to pay for.2.) Eighteen months ago Maduro demanded that Chevron purchase oil equipment from the Venezuelan government at triple the global price. Chevron correctly refused and threatened to walk out of Venezuela.3.) Maduro backed down and Chevron remained, but PDVSA no longer produces enough oil to pay for the required maintenance, even if they spent all of their oil production money on that alone.4.) Russia then paid huge sums to station an air force base in Venezuela, but predictably none of this money was spent on oil wells or infrastructure.
