Venezuelan oil to the US dive into deepest level

[M_B_S]

Venezuelan oil sales to the US dive into deepest level since 1992

Nonetheless, in 1992, Venezuelan oil sales accounted for 45% of US imports. In 2011, the proportion sank to 35%, as evidence of Venezuelan's lower profile as energy supplier for the United States.

A comparison of the Venezuelan oil sales to the United States between 2011 and 2010 shows a 4.7% plunge in shipments. In 2010, 912,000 bpd were exported on average.

Venezuelan oil sales to the United States have slowed since 2007. Concomitantly, the Venezuelan government is moving closer to China and other Asian consumers.

In 2007, oil shipments to the United States amounted to 1.14 million bpd; in 2008 totaled 1.03 million bpd and in 2009 reached 951,000 bpd.
************************************************************

Thats the bitter fruit of "intelligent" foreign policy from G.W. Bush jr. ......

Oil is the problem! Not the solution!

PEAK OIL US was in 1970 42 years ago!

Now the world is 5 years behind its peak.......and the decline hits the nation hard.

M_B_S

[Plantagenet]

Venezuelan oil sales to the US dive into deepest level since 1992

US-Venezuelan relationships are very bad right now. Chavez is a radical socialist, and he sees the US as the enemy of Venezuela.

It doesn't help that Hugo Chavez personally detests Obama. When asked about Obama, Chavez made it clear he thinks Obama is a clown.

Chavez said of Obama: "You are a clown, a clown. Leave us in peace … Focus on governing your country, which you’ve turned into a disaster,”

Chavez blasts Obama

Obama naively promised in 2008 to mend fences abroad, but its clear he has largely failed. Countries like Venezuela, Iran, Russia, Pakistan, etc. aren't going to change their basic anti-US policies just because obama apologizes or gives them a big red plastic "reset" button or otherwise tries to make nice.

[pstarr]

this is where things get confusing; Chavez is a radical socialist who detests Obama.But doesn't that make Obama wonderful? You know? double negative? or the enemy of my friend? or reverse the enemy of my enemy or republican operatives?

[babystrangeloop]

Nonetheless, in 1992, Venezuelan oil sales accounted for 45% of US imports. In 2011, the proportion sank to 35%, as evidence of Venezuelan's lower profile as energy supplier for the United States.

Past peak:


Exports used up by internal consumption:


Must be a poltical problem.
If only the Sparxists were in power!

[BasilBoy]

Chavez is a radical socialist...

Are we still arguing capitalism vs. socialism? This is such a tired, irrelevant argument. People can organize themselves in many different ways, all of which can be a success or failure depending on the values of the individuals within the organization. However, what cannot succeed is infinite growth, regardless of the political ideology that proposes it...

Chavez is not much different than other political leaders. He's not the boogey man that you might think he is, nor is he a saint like some leftists might think...

[pana_burda]

Venezuelan oil sales to the US dive into deepest level since 1992

US-Venezuelan relationships are very bad right now. Chavez is a radical socialist, and he sees the US as the enemy of Venezuela.

It doesn't help that Hugo Chavez personally detests Obama. When asked about Obama, Chavez made it clear he thinks Obama is a clown.

Chavez said of Obama: "You are a clown, a clown. Leave us in peace … Focus on governing your country, which you’ve turned into a disaster,”

Chavez blasts Obama

Obama ¿ naively ? promised in 2008 to mend fences abroad, but its clear he has largely failed. Countries like Venezuela, Iran, Russia, Pakistan, etc. aren't going to change their basic anti-US policies just because obama apologizes or gives them a big red plastic "reset" button or otherwise tries to make nice.

From Obama´s inaugural speech

To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West: Know that your people will judge you on what you can build, not what you destroy. To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist.

I call that political, economical and FINANCIAL complicity.

[Roy]

To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist.

Doubleplusgood.

Because we all know the US government is not clinging to power through corruption, deceit ,and silencing of dissent.

[Alohafax]

Nonetheless, in 1992, Venezuelan oil sales accounted for 45% of US imports. In 2011, the proportion sank to 35%, as evidence of Venezuelan's lower profile as energy supplier for the United States.

To be fair, 35% is still an absolutely enormous share of the imports. Even if it is declining gradually over time, Venezuela - like many other oil producing nations - remains a crucial part of the American energy economy.

[Fiddlerdave]

Venezuelan oil sales to the US dive into deepest level since 1992

US-Venezuelan relationships are very bad right now. Chavez is a radical socialist, and he sees the US as the enemy of Venezuela.

It doesn't help that Hugo Chavez personally detests Obama. When asked about Obama, Chavez made it clear he thinks Obama is a clown.

Chavez said of Obama: "You are a clown, a clown. Leave us in peace … Focus on governing your country, which you’ve turned into a disaster,”

Chavez blasts Obama

Obama naively promised in 2008 to mend fences abroad, but its clear he has largely failed. Countries like Venezuela, Iran, Russia, Pakistan, etc. aren't going to change their basic anti-US policies just because obama apologizes or gives them a big red plastic "reset" button or otherwise tries to make nice.

Gee, why would Chavez EVER get the idea that the USA is an enemy?

http://www.usatoday.com/news/nation/200 ... son-_x.htm

Pat Robertson calls for assassination of Hugo Chavez
VIRGINIA BEACH (AP) — Religious broadcaster Pat Robertson suggested on-air that American operatives assassinate Venezuelan President Hugo Chavez to stop his country from becoming "a launching pad for communist infiltration and Muslim extremism."

By Gene Puskar, AP

"We have the ability to take him out, and I think the time has come that we exercise that ability," Robertson said Monday on the Christian Broadcast Network's The 700 Club.

"We don't need another $200 billion war to get rid of one, you know, strong-arm dictator," he continued. "It's a whole lot easier to have some of the covert operatives do the job and then get it over with."

[pana_burda]

World News: Business — CARACAS, Venezuela - Venezuela's oil exports to the United States have dipped in recent months to their lowest level in nearly nine years, according to new U.S. government figures, reflecting a long-term trend of declining oil shipments during President Hugo Chavez's 13-year-old government. The U.S. imported 764,000 barrels per day of Venezuelan crude oil and refined products such as gasoline in November, the last month for which figures are available, according to U.S. Energy Information Administration figures released this week. That was the lowest monthly amount since February 2003, when 613,000 barrels a day were imported at the end of an oil industry strike that hobbled Venezuela's...

http://www.buzzbox.com/news/2012-02-03/energy-information-administration:venezuela/?clusterId=8389976

Lets see ..... 764.000 barrels/day X 365 days X 14 years = 3.904.040.000 total barrels sold to the ¿enemy?.

Wanna know how many bucks that represents to a mono producing economy ?.

Yeahhh .... I guess you are right, it could be yours for free. Just look what`s going on in the middle east.

[pana_burda]

To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist.

Doubleplusgood.

Because we all know the US government is not clinging to power through corruption, deceit ,and silencing of dissent.

Indeed. However, it is the " revolutionary economy" ( and its satellites ) which depend on the cash payments, from the ever declining extraction/production/exporting of the oil STILL able to reach your refinaries through the front door.

By the way, emmmm .... how is Cuba`s PETRO-CARIBE doing ??

[pana_burda]

While Venezuelan oil exports from state-run holding Petróleos de Venezuela (Pdvsa) to the United States go downhill, a hike in the volume of gasoline bought from the United States has been recorded since December 2011.

http://www.eluniversal.com/economia/120712/venezuela-buys-more-us-gasoline-since-2011

[kublikhan]

The government is implementing gasoline rationing in Venezuela’s border states.

The way they are doing it is by installing a chip on each vehicle. The idea is to put a maximum weekly limit on the number of liters each car can purchase. The chip is already in place in the border state of Táchira, and is currently being rolled out in Zulia, another border state. Twitter is aflame with rumors it will soon be mandatory nationwide. As with all rationing schemes, this one is bound to have, shall we say, “unintended consequences.”

3. If each chip goes on a vehicle, this creates a perverse incentive: buy more cars, and you can buy more gas. So it would be interesting to see what the effect on the demand for cars is thanks to the appearance of the chip.

4. There will now be a greater incentive for people to steal cars and/or chips. It would be interesting to see how the rationing scheme affects crime.

Rationing as fodder for research

[PeakOiler]

And when the Seaway pipeline oil flow rate is up to 400k/day to the refineries along the Gulf coast in the first quarter next year, the amount of oil imported from Venezuela will likely keep decreasing.

[pana_burda]

Caracas has been short on gas supply also and the colombian border is far away from here ....

A chip is a sign of control yet not of a poor/unexistant production.

http://youtu.be/njTka0u1Gy0

In order to have an industry of illegal extraction this magnitude you forcibly need some "authority" to turn its eyes the other way. And that`s where huguito`s military forces step right in, is it not ?