VENEZUELA’S NEW ECONOMIC INITIATIVE: STEAL IT FROM SOMEONE ELSE

Well, you can’t say Venezuela’s head of state, nicolas maduro, doesn’t have a new approach for bringing back the country’s moribund economy.

The problem, however, is that his “new” approach is, in actuality, the oldest one in the books:  he wants to steal it from someone else – in this case, the neighboring country of Guyana.

From Frances Martel’s article at breitbart.com (which, unlike most mainstream media, is actually paying attention to the unmitigated catastrophe that is the chavez/maduro incarnation of this once-prosperous country):

The Venezuelan Navy illegally entered the waters of Guyana this weekend and forced a ship contracted by Exxon Mobil to conduct oil research in the area to vacate, claiming that Guyana’s permission to explore its sovereign territory was not enough for the ship to be legally present in the water.

The incident, which Guyanese authorities angrily denounced and vowed to bring to the attention of the United Nations, reignites a feud Venezuelan socialist dictator Nicolás Maduro began with the neighboring country in 2015, claiming as much as two-thirds of Guyana itself belonged to Venezuela. Guyana has repeatedly noted that Venezuela signed an agreement in 1899 on the territory in question and no disputes remain as to who owns that land.

Exxon Mobil made its first of ten major oil discoveries in Guyana in 2015, triggering Maduro’s claims to the territory. Despite being an OPEC member nation and home to one of the world’s largest known oil reserves, Venezuela has been forced to import hundreds of thousands of gallons of refined oil because the socialist state nationalized the nation’s major oil corporations and has replaced experts at Petróleos de Venezuela (PDVSA), the state-run oil company, with Maduro cronies of limited experience in the oil industry.

Former British Prime Minister Margaret Thatcher, when criticizing the opposition party, once famously observed that “they’ve got the usual socialist disease – they’ve run out of other people’s money.”

nicolas maduro has apparently revised and expanded this to oil production – which used to be a huge mainstay of the Venezuelan economy and now is its most visible failure (which, given the condition of the country, is quite an accomplishment).

What will happen next?  What, for example, will the United Nations do about it if/when Guyana follows through on its vow and lodges a complaint?

The answer probably lies in what the United Nations has done – actually not done – about anything else in Venezuela – or, for that matter, about any other countries in disastrous shape throughout the world.

Why is the UN so useless?  Maybe because it is so busy condemning Israel for anything and everything that it just does not have the time for much else.

Ahhh, there’s the reason.  It’s Israel’s fault.  Why didn’t I think of that sooner.

If nicolas maduro happens to read this blog, don’t be surprised if you see it in his next communiqué.

Leave a Reply

Your email address will not be published. Required fields are marked *