I don't understand economics? lol! I'm not the one that keeps referring to Venezuela as a communist country. It really shows your ignorance. In fact, Venezuela isn't even socialist in the true sense of the word. Here is a good article for you to read.

https://socialistworker.org/...sm-fail-in-venezuela

Here is a good quote from the article....

"Venezuela has remained a capitalist country, through and through, despite the social achievements of the last 18 years. What has failed is not socialism, but a system that has been capitalist in its economic and political domination by a minority over the majority."


Now go back to watching CNN.

Did you just cite socialist worker? Next you're going to say the pogrom was just a gentrification and diet program.

The cyberbully strikes again! I had a feeling you would chime in to my discussion with SH. Its a common pattern with you, jumping in, teaming up with whoever I happen to be responding to. Get a life!

That article has so much "fail" I wouldn't know where to start. Do you think the Venezuela government taking over private companies and assets is an example of capitalism? But call it what you will, the bottom line is that a corrupt government has raped the country of its natural resources and destroyed the economy, all under the pretense of socialism and giving power to the lower classes.

Wow. Privatization of industries and a host of other things that Venezuela has done is not even remotely capitalist. The article you linked is basically devoid of any economic sense whatsoever. Google "Venezuela economic collapse" and do some reading. I tried linking some articles that did a decent job of explaining what happened to Venezuela; it would serve you well to read those before you post again.

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Taco cat spelled backwards is....taco cat.

I think you mean nationalisation of industries. Do you know the difference? I thought the article was simple enough for most people to read. You gotta keep things pretty basic on these forums or people don't even bother reading them. It also doesn't seem to make any difference what sources you use. Someone will always have an issue with them. They'll either be too liberal or too conservative. You can't win.

If you don't think it matters what source you use, that might explain much.

Yes, I meant nationalization. And I know the difference. However, given the total lack of understanding on your part about how Venezuela got to where it is, and the only article you can show to bolster your argument is the socialist workers, makes me wonder just how much you understand about economics. Or for that matter, history, or why oil prices are where they are today (hint: a lot of it has to do with Saudi Arabia trying to keep prices low enough that US oil shale is too expensive to produce).

Maybe you ought to fall back on how 9-11 was an inside job. That was at least entertaining.

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Taco cat spelled backwards is....taco cat.

You clearly missed my point.

Meanwhile, in a world where you are ignorant of everything except for the goings on of one Donald Fucking Trump then, yeah, I guess it all revolves around The Donald and his travails.

You think Venezuela is a Communist country and I'm the one ignorant of everything in the world? Okay.

And you still haven't answered what going to taking military action in Venezuela would accomplish.

I think anyone who claims to know about economics wouldn't make that mistake because its a pretty big one. In fact, I bet you had to look it up. Also, according to Saudi Arabia and others, its the US that now controls oil prices...

https://www.cnbc.com/...rols-oil-prices.html
http://money.cnn.com/...di-arabia/index.html
http://www.investopedia.com/...trols-oil-prices.asp

Here are a few sources you can read. You can google "Who controls the price of oil?" if those sources aren't good enough for you. Also, regarding 9/11, over half of Americans believe it was an inside job , including Trump who I believe you voted for? I think the days of trying to insult someone about 9/11 are long gone. Maybe you should switch to insulting the flat earthers, Sandy Hook, or Benghazi.

http://www.ocweekly.com/...u-fear-study-7625813

Serious question, how old are you?

Lol! The irony is thats something I'd expect an arrogant teenager to say.

I'm genuinely curious. I'm guessing 17. Somewhat principled, but rather lost and you don't yet know what you don't know, so you think you know a lot more than you do.

Uh I responded much earlier dipshit, remember when you didn't know shit about the world oil market. Cyber bullying because I pointed out the fallacy of your position? Good grief

If you look at the date I registered on here, 2011, you can probably assume that I didn't register as an 11 year old. However, I wouldn't put it past you. You don't come across as very clever. I'm guessing that you're quite insecure about your own intelligence, and that whenever you are challenged on this forum or in life, you resort to petty insults. You also have a tendancy to follow and read the posts of those you have argued with in the past. Kind of like stalking. Don't worry though, you're not the only one on this forum that does that.

Sigh. What's break even for Saudi and what's break even for Permian Shale? The US controls the price of oil in that it can swing produce when the price gets above break even (about 50 to 60 bucks) but the US isn't over producing to punish Venezuela (which produces heavy sour compared to sweet in the US) Saudi is producing to keep market share and the rest to pay the bills.

Just out of curiosity how many co-conspirators were involved in the 9/11 inside job?

if you're going to insult someone's intelligence you probably shouldn't spell tendency wrong, just saying.

Are you sure you want to bring up MY spelling errors? I bet you can't even find your mistake.

Um everything is spelled correctly. Maybe I used some words you're not familiar with? Which word was it?

Did you mean program or "pogrom"? If you meant pogrom, well look up what a pogrom is because nobody says "the pogrom" because its not a single event.

Well that's not a spelling mistake and it was effectively a continual reign of terror in the Ukraine for 100 years but hey let's focus on that than your complete lack of understanding of the energy markets

Are you having a stroke right now? Why would I say "the pogrom was a gentrification and diet program" in the context of anything we are posting about? Were socialists responsible for the pogroms in Eastern Europe or something?

OR, did you actually mean "program", but because pogrom is a real word you don't count it as a spelling mistake even though its totally out of context.

Sigh. It was a simple typing mistake. Didn't have to look it up, but nice try. About oil, yes the US is gaining some control back, but if you actually read the entire third article you posted, you'll note that they say the US MAY gain more control back over price. Hasn't happened yet.

ETA: Here's a good article: http://money.cnn.com/...ces-slump/index.html

"OPEC could reverse course and increase production in an effort to squeeze U.S. producers out of the market.
"If they decide not to extend cuts and ramp production back up we would probably see prices fall," said Tom Pugh, commodities economist at Capital Economics.
Pugh said that such a strategy would surprise investors, and send prices below $40.
The strategy, however, failed miserably the last time it was tried by the Saudi-led cartel. The group pumped without concern for price starting in 2014, and U.S. producers did idle operations."

And no, trying to insult someone over 9/11 are not long gone; and I could care less how many people believe it was an inside job; to believe in that is to show just how deluded someone can be. The evidence against it being an inside job is overwhelming.

No, I didn't vote for Trump; made that very clear on this forum.

This is so typical of a thread with you...you make ludicrous assertions, then when people call you on it, you start changing the subject. Let's see, where did this start? Oh yes, sanctions ruined Venezuela's economy. Sanctions on a grand total of 7 people. Wow, they must be big spenders.

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Taco cat spelled backwards is....taco cat.

Actually what I meant was the forced migration of the Tartars. It gets hard to keep the atrocities of the communists straight. So yes I meant to use pogrom but I'll concede it was the wrong usage.

Now let's go back to discussing your complete lack of understanding of the oil market.