International US seized oil tanker off Venezuelan coast

[Rod1]

https://en.wikipedia.org/wiki/Orinoco_Belt

Yeah. He didn't know about this being china's. "Cut it's losses"
They've signed like 600 bilateral trade agreements.....This year alone btw.
The thing is the Chinese have caught up enough in Petro tech to start running the fields back up to old numbers if they keep investing and it works out.

If you don't know about the region please just go away.

Dude. China runs the Orinoco Belt. Leave the thread.

WOW 600 bilateral agreements? How much money has China invested last year compared to the height of Chavez days?

China went from being a major financer of Venezuela to being just one of the many countries that still do business with Venezuela in a very transactional way.

 

[Big Nasty Edison]

Yes



Yes



You mean like Panama in 1989.

Bro you must be high if you think THIS administration would do even a mediocre job at this.

 

[johnsmithjohnson]

WOW 600 bilateral agreements? How much money has China invested last year compared to the height of Chavez days?

China went from being a major financer of Venezuela to being just one of the many countries that still do business with Venezuela in a very transactional way.

You didn't even know about the largest petroleum deposit on earth or it was ran by China or it was in Venezuela. You don't know what you are talking about. Please just leave.

 

[Rod1]

Bro you must high if you think THIS administration would do even a mediocre job at this.

As opposed to Biden's administration appeasement job that only led to shit becoming worse?

 

[Rod1]

You didn't even know about the largest petroleum deposit on earth or it was ran by China or it was in Venezuela. You don't know what you are talking about. Please just leave.

"largest petroleoum deposit"

ZZZzzz

This is like when people claim Bolivia is the largest lithium deposit in the world, China isn't investing into any sort of major drilling job, its mostly reactivating wells that were left in disrepair after the looting of Venezuela by its leader and its cronies.

The oil beneath Venezuela is valuable as the diamond rains of Saturn, you need to spend tens of billions to get it out and that's money China isn't investing after Chavez caused them billions in losses from unpaid debts and failed projects.

 

[Big Nasty Edison]

As opposed to Biden's administration appeasement job that only led to shit becoming worse?

Not doing anything > better than my country being embroiled in another war.

 

[Possum Jenkins]

Isn't this just piracy?

Yup.

Imagine if China or Russia did the same to an oil tanker thousands of miles away from its shores. The US would be preparing an attack with full support from congress.

Right wingers being anti-war lasted a couple of years, now they're back to being shameless imperialists.

 

[johnsmithjohnson]

"largest petroleoum deposit"

ZZZzzz

This is like when people claim Bolivia is the largest lithium deposit in the world, China isn't investing into any sort of major drilling job, its mostly reactivating wells that were left in disrepair after the looting of Venezuela by its leader and its cronies.

The oil beneath Venezuela is valuable as the diamond rains of Saturn, you need to spend tens of billions to get it out and that's money China isn't investing after Chavez caused them billions in losses from unpaid debts and failed projects.

Yeah, that's just nonsense.

 

[johnsmithjohnson]

Yup.

Imagine if China or Russia did the same to an oil tanker thousands of miles away from its shores. The US would be preparing an attack with full support from congress.

Right wingers being anti-war lasted a couple of years, now they're back to being shameless imperialists.

I just had one argue the world's largest petroleum deposit he didnt about until I mentioned it was owned and ran by the chinese which he didjt know until i mentioned it, isn't important and proof the Chinese aren't in the area... Even though they run it.. which he found out about... 15 minutes ago.

I live in the Caribbean in usvi. I don't know how you guys live around these "people"

 

[johnsmithjohnson]

How do you start an argument just making Shit up
Get called out
Use the information you just got
To make more shit up
Get called out
Repeat for hours

What's the actual gain. I'm from usvi. What is the actual culture or gain that would drive such behavior up there. I feel like alien sometimes.

 

[nonoob]

Release my hashish oil boat or Manel Kape will put both feet up in yo a$$.

 

[Rod1]

Not doing anything

Biden had to dealt with a Venezuelan migrant crisis that probably costed Democrats the election

better than my country being embroiled in another war.

Ok, fair point, but don't pretend you are actually doing Venezuelans a favor by not doing anything.

 

[rearnakedchoke]

Need that spiderman meme. Maga and neocons. Hilarious to watch.

 

[nonoob]

Release my hashish oil boat or Manel Kape will put both feet up in yo a$$.

The captain of the tanker talking to Trump.

 

[Rod1]

I just had one argue the world's largest petroleum deposit he didnt about until I mentioned it was owned and ran by the chinese which he didjt know until i mentioned it, isn't important and proof the Chinese aren't in the area... Even though they run it.. which he found out about... 15 minutes ago.

I live in the Caribbean in usvi. I don't know how you guys live around these "people"

How much of Venezuelan oil production is owned by the Chinese? If Venezuela has so much oil, why does it produces very little?

Chinese cut their losses long ago and only engage with Venezuela in a transactional way, and if Maduro falls, they will still have a transactional relationship with whoever is next because unlike Russians and Cubans they aren't looting the country in exchange for protection.

 

[Mike Hagger]

How much of Venezuelan oil production is owned by the Chinese? If Venezuela has so much oil, why does it produces very little?

Chinese cut their losses long ago and only engage with Venezuela in a transactional way, and if Maduro falls, they will still have a transactional relationship with whoever is next because unlike Russians and Cubans they aren't looting the country in exchange for protection.

There’s a solid documentary that essentially shows why Venezuela is entirely their own worst enemy in terms of oil production on YT. I can't find the link but it basically goes:

Good, making money
Communist corruption and an incompetent government take full hold
Bad, not making money refineries are inoperable

There's more nuances but, I think that's the just.

I don't honestly think anyone wants to sink cost into restarting their production either. It's too far gone considering the more available resources that litter the globe.

 

[LeonardoBjj]

"We need to lessen Chinese influence in these places".

Yeah so instead of making business relationships with them and gaining their support like China did, we can just invade and blow them up. Worked so great in Vietnam, Iraq, and Afghanistan.

Funny how the regular MAGA clown car crew is absent from this thread. Probably in a private chat figuring out how to distract and strawman a defense for it.

- China will pop up here and do what they do best, soft politics that are visible.

 

[Hog-train]

Then we should invade Russia and Israel since they're trying to annex places that don't belong to them too. Freedom for everyone right?

I'm down. Fuck Israel and Russia.

 

[jimbob27]

How much of Venezuelan oil production is owned by the Chinese? If Venezuela has so much oil, why does it produces very little?

Chinese cut their losses long ago and only engage with Venezuela in a transactional way, and if Maduro falls, they will still have a transactional relationship with whoever is next because unlike Russians and Cubans they aren't looting the country in exchange for protection.

I would assume almost none is owned by China since their oil industry is nationalised.

They produce very little due to aging infrastructure, which they can't improve because almost no foreign investors want to put their money into a country which is so heavily sanctioned. It's declined to a terminal point - their tanker fleet is no longer authorised to operate in international waters, as they can't keep up with modern safety regulations. Their economy only worked when oil prices are high, and when you've got powerhouses like the US and Saudi Arabia wanting to push the oil price lower, that only makes their situation worse.

 

[Satsui Ryu]

Isn't this just piracy?

You wouldn't download an oil tanker would you?

First phrase that pops into my head when I hear the word piracy.