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	<title>Comments on: Venezuela cements its economic doom</title>
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	<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/</link>
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		<title>By: d405e74d5fb6</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-3/#comment-1118371</link>
		<dc:creator>d405e74d5fb6</dc:creator>
		<pubDate>Mon, 12 May 2008 09:28:23 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1118371</guid>
		<description>&lt;strong&gt;d405e74d5fb6...&lt;/strong&gt;

d405e74d5fb6694b5fd0...</description>
		<content:encoded><![CDATA[<p><strong>d405e74d5fb6&#8230;</strong></p>
<p>d405e74d5fb6694b5fd0&#8230;</p>
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		<title>By: dave742</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-3/#comment-1055597</link>
		<dc:creator>dave742</dc:creator>
		<pubDate>Tue, 08 Apr 2008 12:19:25 +0000</pubDate>
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		<description>heliotrope:
&lt;blockquote&gt;By the by, I can not find verification for any of dave 742’s stats&lt;/blockquote&gt;
It took me about 15 seconds. &lt;a href=&quot;http://www.bcv.org.ve/excel/5_2_4.xls&quot; rel=&quot;nofollow&quot;&gt;Here&lt;/a&gt; you go.</description>
		<content:encoded><![CDATA[<p>heliotrope:</p>
<blockquote><p>By the by, I can not find verification for any of dave 742’s stats</p></blockquote>
<p>It took me about 15 seconds. <a href="http://www.bcv.org.ve/excel/5_2_4.xls" rel="nofollow">Here</a> you go.</p>
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		<title>By: darkpixel</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-3/#comment-1055520</link>
		<dc:creator>darkpixel</dc:creator>
		<pubDate>Tue, 08 Apr 2008 09:32:22 +0000</pubDate>
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		<description>&lt;blockquote&gt;Sorry. You can also ignore me.....
dave742 on April 7, 2008 at 10:33 AM

&lt;/blockquote&gt;

Done.</description>
		<content:encoded><![CDATA[<blockquote><p>Sorry. You can also ignore me&#8230;..<br />
dave742 on April 7, 2008 at 10:33 AM</p>
</blockquote>
<p>Done.</p>
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		<title>By: heliotrope</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1055189</link>
		<dc:creator>heliotrope</dc:creator>
		<pubDate>Tue, 08 Apr 2008 02:19:11 +0000</pubDate>
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		<description>parecon...............Oh, my. That is dead wood which will not float. The exact opposite of communism? Maybe. Also the exact opposite of the free market. Parecon can only exist within a totalitarian vacuum. No wonder dave742 admires Chavez. Parecon requires oligarchs, the central committee, the elite designers. It derives from the least developed math models which attempt to predict the results of intersection between independent variables that are each trying to maximize without outside influence. This has always been the Achilles heel for smart guys who rely on central planning. Parecon and Scientology are birds of a feather. Time to let this dreamer go back to his computer games.

By the by, I can not find verification for any of dave 742&#039;s stats.</description>
		<content:encoded><![CDATA[<p>parecon&#8230;&#8230;&#8230;&#8230;&#8230;Oh, my. That is dead wood which will not float. The exact opposite of communism? Maybe. Also the exact opposite of the free market. Parecon can only exist within a totalitarian vacuum. No wonder dave742 admires Chavez. Parecon requires oligarchs, the central committee, the elite designers. It derives from the least developed math models which attempt to predict the results of intersection between independent variables that are each trying to maximize without outside influence. This has always been the Achilles heel for smart guys who rely on central planning. Parecon and Scientology are birds of a feather. Time to let this dreamer go back to his computer games.</p>
<p>By the by, I can not find verification for any of dave 742&#8217;s stats.</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1055084</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Tue, 08 Apr 2008 01:14:50 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1055084</guid>
		<description>&lt;blockquote&gt;dave742 on April 7, 2008 at 7:20 I will be very happy when theUS economy collapses&lt;/blockquote&gt;
 mmmmm! nuff said.</description>
		<content:encoded><![CDATA[<blockquote><p>dave742 on April 7, 2008 at 7:20 I will be very happy when theUS economy collapses</p></blockquote>
<p> mmmmm! nuff said.</p>
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		<title>By: jerrytbg</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054869</link>
		<dc:creator>jerrytbg</dc:creator>
		<pubDate>Mon, 07 Apr 2008 23:24:57 +0000</pubDate>
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		<description>It also seams to me that Davey boy has been lost to the dark side.  still ROFLMAO....</description>
		<content:encoded><![CDATA[<p>It also seams to me that Davey boy has been lost to the dark side.  still ROFLMAO&#8230;.</p>
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		<title>By: dave742</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054857</link>
		<dc:creator>dave742</dc:creator>
		<pubDate>Mon, 07 Apr 2008 23:20:46 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054857</guid>
		<description>Johan:
Parecon is the exact opposite of Communism. Maybe you have some readin to do. es, I will be very happy when theUS economy collapses.</description>
		<content:encoded><![CDATA[<p>Johan:<br />
Parecon is the exact opposite of Communism. Maybe you have some readin to do. es, I will be very happy when theUS economy collapses.</p>
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		<title>By: jerrytbg</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054795</link>
		<dc:creator>jerrytbg</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:57:13 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054795</guid>
		<description>Johan Klaus on April 7, 2008 


I was right.... Albert is of znet fame...If you don&#039;t know who he is ck this&lt;a href=&quot;http://www.zmag.org/bios/homepage.cfm?authorID=51&quot; rel=&quot;nofollow&quot;&gt; out....OMG&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Johan Klaus on April 7, 2008 </p>
<p>I was right&#8230;. Albert is of znet fame&#8230;If you don&#8217;t know who he is ck this<a href="http://www.zmag.org/bios/homepage.cfm?authorID=51" rel="nofollow"> out&#8230;.OMG</a></p>
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		<title>By: jerrytbg</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054759</link>
		<dc:creator>jerrytbg</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:40:15 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054759</guid>
		<description>Johan Klaus on April 7, 2008 at 6:32 PM

agreed...</description>
		<content:encoded><![CDATA[<p>Johan Klaus on April 7, 2008 at 6:32 PM</p>
<p>agreed&#8230;</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054756</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:40:00 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054756</guid>
		<description>dave742 on April 7, 2008 at 1:49 PM

 It sounds like you would be happy for the U.S. economy to collapse.</description>
		<content:encoded><![CDATA[<p>dave742 on April 7, 2008 at 1:49 PM</p>
<p> It sounds like you would be happy for the U.S. economy to collapse.</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054739</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:32:40 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054739</guid>
		<description>Communism does not work, has never worked and will never work, no matter who is in charge. The reason is human nature. It was tried by the early colonialist and they almost starved to death.</description>
		<content:encoded><![CDATA[<p>Communism does not work, has never worked and will never work, no matter who is in charge. The reason is human nature. It was tried by the early colonialist and they almost starved to death.</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054731</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:28:53 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054731</guid>
		<description>&lt;blockquote&gt;My ideal would be for the workers to run the economy. No vice presidents/CEO’s, no government. Participatory Economy. Parecon, if you know Michael Albert.&lt;/blockquote&gt;

 You would&#039;nt be in favor of communism would you?</description>
		<content:encoded><![CDATA[<blockquote><p>My ideal would be for the workers to run the economy. No vice presidents/CEO’s, no government. Participatory Economy. Parecon, if you know Michael Albert.</p></blockquote>
<p> You would&#8217;nt be in favor of communism would you?</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054723</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:25:20 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054723</guid>
		<description>Let&#039;s see, we are still in Germany, Japan and Korea after how many years? And, I think that we are still in Bosnia.</description>
		<content:encoded><![CDATA[<p>Let&#8217;s see, we are still in Germany, Japan and Korea after how many years? And, I think that we are still in Bosnia.</p>
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		<title>By: jerrytbg</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054713</link>
		<dc:creator>jerrytbg</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:22:14 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054713</guid>
		<description>&lt;blockquote&gt;My ideal would be for the workers to run the economy. No vice presidents/CEO’s, no government. Participatory Economy. Parecon, if you know Michael Albert.&lt;/blockquote&gt;




I think that you’re toooo close to the drugs or you’re smoking some real strong…..something.
That statement  ranks  among the most naive and asinine I have ever heard..
There must be some form of a  hierarchy  or you simply have anarchy, and within the confines of a business that is trying to make a profit………oh wait, you want it to all be equally divided ….yea right…that’s the ticket…   As for Michael Albert….I’m assuming of Znet fame ….ahhhh …..yea right …..ROFLMAO…..</description>
		<content:encoded><![CDATA[<blockquote><p>My ideal would be for the workers to run the economy. No vice presidents/CEO’s, no government. Participatory Economy. Parecon, if you know Michael Albert.</p></blockquote>
<p>I think that you’re toooo close to the drugs or you’re smoking some real strong…..something.<br />
That statement  ranks  among the most naive and asinine I have ever heard..<br />
There must be some form of a  hierarchy  or you simply have anarchy, and within the confines of a business that is trying to make a profit………oh wait, you want it to all be equally divided ….yea right…that’s the ticket…   As for Michael Albert….I’m assuming of Znet fame ….ahhhh …..yea right …..ROFLMAO…..</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054696</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:12:52 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054696</guid>
		<description>It is a shame that history is not taught in our public schools.</description>
		<content:encoded><![CDATA[<p>It is a shame that history is not taught in our public schools.</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054683</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Mon, 07 Apr 2008 22:10:06 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054683</guid>
		<description>Chimpy on April 7, 2008 at 1:00 PM

The NAZI party was the National Socialist German Workers Party. Hitler imprisoned the members of the opposition, Social Democratic Party to gain control of Germany, as did Joseph Stalin, to purge his opposition in the Soviet Union. In Germany both parties were socialist and in the Soviet Union, Stalin and his opposition were both Communist.

Johan Klaus on April 7, 2008 at 5:14 PM</description>
		<content:encoded><![CDATA[<p>Chimpy on April 7, 2008 at 1:00 PM</p>
<p>The NAZI party was the National Socialist German Workers Party. Hitler imprisoned the members of the opposition, Social Democratic Party to gain control of Germany, as did Joseph Stalin, to purge his opposition in the Soviet Union. In Germany both parties were socialist and in the Soviet Union, Stalin and his opposition were both Communist.</p>
<p>Johan Klaus on April 7, 2008 at 5:14 PM</p>
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		<title>By: Tantor</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054517</link>
		<dc:creator>Tantor</dc:creator>
		<pubDate>Mon, 07 Apr 2008 21:05:30 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054517</guid>
		<description>Dave742, I haven&#039;t seen such rosy numbers about the triumph of socialism since the Soviet Union stopped publishing its astonishing revelations of bumper harvests and astounding industrial victories.

I just hope somebody is carefully documenting the Chavez-ination of Venezuela to use as a classic case of death by socialism.  I suspect that there will come a day within the next ten years after he&#039;s gutted the economy that the main source of income for Venezuelans will be remittances sent from relatives in America.  The next step, after Chavez&#039;s reforms fail, is the search for traitors to shoot.</description>
		<content:encoded><![CDATA[<p>Dave742, I haven&#8217;t seen such rosy numbers about the triumph of socialism since the Soviet Union stopped publishing its astonishing revelations of bumper harvests and astounding industrial victories.</p>
<p>I just hope somebody is carefully documenting the Chavez-ination of Venezuela to use as a classic case of death by socialism.  I suspect that there will come a day within the next ten years after he&#8217;s gutted the economy that the main source of income for Venezuelans will be remittances sent from relatives in America.  The next step, after Chavez&#8217;s reforms fail, is the search for traitors to shoot.</p>
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		<title>By: Think_b4_speaking</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054382</link>
		<dc:creator>Think_b4_speaking</dc:creator>
		<pubDate>Mon, 07 Apr 2008 20:15:46 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054382</guid>
		<description>&lt;blockquote&gt;I don’t know anything about the economics of shipping oil to China. 

dave742 on April 7, 2008 at 2:49 PM&lt;/blockquote&gt;
I do, because that is the industry I am in.  I can&#039;t predict when the Venezuelan economy will reach a point where Hugo is dumped, any more than could have predicted the day the Berlin Wall fell, but I can tell you it Venezuela is on a downward path, with each passing idiocy by Hugo increasing the slope.</description>
		<content:encoded><![CDATA[<blockquote><p>I don’t know anything about the economics of shipping oil to China. </p>
<p>dave742 on April 7, 2008 at 2:49 PM</p></blockquote>
<p>I do, because that is the industry I am in.  I can&#8217;t predict when the Venezuelan economy will reach a point where Hugo is dumped, any more than could have predicted the day the Berlin Wall fell, but I can tell you it Venezuela is on a downward path, with each passing idiocy by Hugo increasing the slope.</p>
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		<title>By: dave742</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054203</link>
		<dc:creator>dave742</dc:creator>
		<pubDate>Mon, 07 Apr 2008 18:49:26 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054203</guid>
		<description>Thinkb4speaking:
I don&#039;t know anything about the economics of shipping oil to China. The article speaks of many experts who say it makes sense, and my guess is that they know more than Thinkb4speaking on HotAir blog, so I guess I will have to side with them. Unless you have read the study by Roy Nersesian of Columbia University and Poten &amp; Partners and can tell me the flaws in it.
I have been posting to conservative blogs for years now, and for years have been hearing about the imminent collapse of the Venezuelan economy. How about if you go on record now and tell me when this collapse should happen? That way I can ask you about it when it does not happen. While you are at it, can you let me know when the Iraq war will be &quot;won,&quot; whatever that means? I bet that one week after the invasion if I had challenged people here and said &quot;if Iraq is still a mess after 5 years and over 4,000 soldiers are dead along with hundreds of thousands of Iraqis, would you at that point support a withdrrawal?&quot; I think at that point, people here would have laughed at the thought, and sarcastically agreed to my proposal, thinking it would never happen. So when can I expect the war to be over?</description>
		<content:encoded><![CDATA[<p>Thinkb4speaking:<br />
I don&#8217;t know anything about the economics of shipping oil to China. The article speaks of many experts who say it makes sense, and my guess is that they know more than Thinkb4speaking on HotAir blog, so I guess I will have to side with them. Unless you have read the study by Roy Nersesian of Columbia University and Poten &amp; Partners and can tell me the flaws in it.<br />
I have been posting to conservative blogs for years now, and for years have been hearing about the imminent collapse of the Venezuelan economy. How about if you go on record now and tell me when this collapse should happen? That way I can ask you about it when it does not happen. While you are at it, can you let me know when the Iraq war will be &#8220;won,&#8221; whatever that means? I bet that one week after the invasion if I had challenged people here and said &#8220;if Iraq is still a mess after 5 years and over 4,000 soldiers are dead along with hundreds of thousands of Iraqis, would you at that point support a withdrrawal?&#8221; I think at that point, people here would have laughed at the thought, and sarcastically agreed to my proposal, thinking it would never happen. So when can I expect the war to be over?</p>
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		<title>By: Think_b4_speaking</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054163</link>
		<dc:creator>Think_b4_speaking</dc:creator>
		<pubDate>Mon, 07 Apr 2008 18:25:36 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054163</guid>
		<description>&lt;blockquote&gt;the economics of using very large crude carriers that offloaded in the US Gulf of Mexico to carry Venezuelan crude on their “backhaul” voyage compares very favorably to the costs per barrel of carrying Venezuelan crude to US Gulf refineries on smaller Aframax tankers, as done in the current trade. Thus, if China continues to expand its heavy and sour refining capacity, it would become economically feasible to greatly expand the Sino-Venezuelan oil trade, should both sides agree to do so.”
Oil &amp; Gas Journal
February 18, 2008

dave742 on April 7, 2008 at 1:49 PM
&lt;/blockquote&gt;

With all due respect, it doesn&#039;t say where the Chinese refining will be - if in China, the VLCCs being larger than Panamax, it would require a substantially longer trip - basically around the world.  Also, all the refineries in the best case would take three to four years to complete, so it is a race to see if the concept can be taken to reality before the collapse of the Venezuelan economy, and that assumption also relies on the continuing high price of crude.  I for one tend towards Hugo losing that race.</description>
		<content:encoded><![CDATA[<blockquote><p>the economics of using very large crude carriers that offloaded in the US Gulf of Mexico to carry Venezuelan crude on their “backhaul” voyage compares very favorably to the costs per barrel of carrying Venezuelan crude to US Gulf refineries on smaller Aframax tankers, as done in the current trade. Thus, if China continues to expand its heavy and sour refining capacity, it would become economically feasible to greatly expand the Sino-Venezuelan oil trade, should both sides agree to do so.”<br />
Oil &amp; Gas Journal<br />
February 18, 2008</p>
<p>dave742 on April 7, 2008 at 1:49 PM
</p></blockquote>
<p>With all due respect, it doesn&#8217;t say where the Chinese refining will be &#8211; if in China, the VLCCs being larger than Panamax, it would require a substantially longer trip &#8211; basically around the world.  Also, all the refineries in the best case would take three to four years to complete, so it is a race to see if the concept can be taken to reality before the collapse of the Venezuelan economy, and that assumption also relies on the continuing high price of crude.  I for one tend towards Hugo losing that race.</p>
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		<title>By: dave742</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054087</link>
		<dc:creator>dave742</dc:creator>
		<pubDate>Mon, 07 Apr 2008 17:49:25 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054087</guid>
		<description>Vanceone:
My ideal would be for the workers to run the economy. No vice presidents/CEO&#039;s, no government. Participatory Economy. Parecon, if you know Michael Albert.
Chavez has instituted some measures in this direction, but I think he likes to be the leader too much for him to allow it to really happen, but who knows.
Short of that, as far as government or private, I guess I don&#039;t have enough information. In the real world today, I guess it would depend on the circumstances. Chavez seems to nationalize something when he feels the terms are unacceptable for Venezuela. He&#039;s been threatening Cemex for months. I think he simply wants them to respond to his concerns, and if they don&#039;t he nationalizes them. I don&#039;t see any excessive desire to &quot;nationalize everything.&quot; I looked into the oil renogotiations, and Venezuela was getting raped before by the oil companies. In that case, yes, I support nationalization.
In general, the idea that competition fosters innovation is complete BS, IMO. I work in the pharmaceutical industry, and my entire career has involved making a &quot;me too&quot; copy of someone elses drug that does nothing different than the original, getting it out on the market, and paying thousands of salesman and advertisers to get the biggest market share they can. About 2% of my career has involved doing innovative research on novel medicines. In a state controlled pharmaceutical company, 100% of my career would be used to work on novel medicines, and there would be no advertising or salesman. All that stuff is a tremendous waste. 1 trillion dollars a year on advertising worldwide. It&#039;s pathetic. Competition is 98% waste, and my salary for 25 years is largely the price of &quot;competition,&quot; which is nothing of the sort.

Thinkb4speaking:
There are things hapenning in Ecuador, Guatemala, Brazil, China. The world is busily planning for the US collapse. From recent news:

“PDVSA and Petroecuador also plan to speed up the building of a new refinery in Ecuador, whose processing capacity will stand at 300,000 barrels of &lt;em&gt;heavy&lt;/em&gt; crude per day.”
Latin America News Digest
January 8, 2008 Tuesday 2:23 PM EEST 
Venezuelan PDVSA, Petroecuador Strengthen Partnership in Oil, Gas Projects

“The joint Petrobras and PDVSA &lt;em&gt;heavy&lt;/em&gt; oil refinery Abreu de Lima project, in Recife, Brazil, is under way.”
ICIS Chemical Business
November 12, 2007
Politicsand petrochemicals
BYLINE: Jorge B?hler-Vidal

“A key trend [for China] is the addition of new refining capacity geared heavily toward &lt;em&gt;heavy, sour, and high-acid crude&lt;/em&gt;…the economics of using very large crude carriers that offloaded in the US Gulf of Mexico to carry Venezuelan crude on their &quot;backhaul&quot; voyage compares very favorably to the costs per barrel of carrying Venezuelan crude to US Gulf refineries on smaller Aframax tankers, as done in the current trade. Thus, if China continues to expand its heavy and sour refining capacity, it would become economically feasible to greatly expand the Sino-Venezuelan oil trade, should both sides agree to do so.”
Oil &amp; Gas Journal
February 18, 2008
China&#039;s refining expansions to reshape global oil trade
BYLINE: Gabe Collins, US Navel War College Newport, RI.</description>
		<content:encoded><![CDATA[<p>Vanceone:<br />
My ideal would be for the workers to run the economy. No vice presidents/CEO&#8217;s, no government. Participatory Economy. Parecon, if you know Michael Albert.<br />
Chavez has instituted some measures in this direction, but I think he likes to be the leader too much for him to allow it to really happen, but who knows.<br />
Short of that, as far as government or private, I guess I don&#8217;t have enough information. In the real world today, I guess it would depend on the circumstances. Chavez seems to nationalize something when he feels the terms are unacceptable for Venezuela. He&#8217;s been threatening Cemex for months. I think he simply wants them to respond to his concerns, and if they don&#8217;t he nationalizes them. I don&#8217;t see any excessive desire to &#8220;nationalize everything.&#8221; I looked into the oil renogotiations, and Venezuela was getting raped before by the oil companies. In that case, yes, I support nationalization.<br />
In general, the idea that competition fosters innovation is complete BS, IMO. I work in the pharmaceutical industry, and my entire career has involved making a &#8220;me too&#8221; copy of someone elses drug that does nothing different than the original, getting it out on the market, and paying thousands of salesman and advertisers to get the biggest market share they can. About 2% of my career has involved doing innovative research on novel medicines. In a state controlled pharmaceutical company, 100% of my career would be used to work on novel medicines, and there would be no advertising or salesman. All that stuff is a tremendous waste. 1 trillion dollars a year on advertising worldwide. It&#8217;s pathetic. Competition is 98% waste, and my salary for 25 years is largely the price of &#8220;competition,&#8221; which is nothing of the sort.</p>
<p>Thinkb4speaking:<br />
There are things hapenning in Ecuador, Guatemala, Brazil, China. The world is busily planning for the US collapse. From recent news:</p>
<p>“PDVSA and Petroecuador also plan to speed up the building of a new refinery in Ecuador, whose processing capacity will stand at 300,000 barrels of <em>heavy</em> crude per day.”<br />
Latin America News Digest<br />
January 8, 2008 Tuesday 2:23 PM EEST<br />
Venezuelan PDVSA, Petroecuador Strengthen Partnership in Oil, Gas Projects</p>
<p>“The joint Petrobras and PDVSA <em>heavy</em> oil refinery Abreu de Lima project, in Recife, Brazil, is under way.”<br />
ICIS Chemical Business<br />
November 12, 2007<br />
Politicsand petrochemicals<br />
BYLINE: Jorge B?hler-Vidal</p>
<p>“A key trend [for China] is the addition of new refining capacity geared heavily toward <em>heavy, sour, and high-acid crude</em>…the economics of using very large crude carriers that offloaded in the US Gulf of Mexico to carry Venezuelan crude on their &#8220;backhaul&#8221; voyage compares very favorably to the costs per barrel of carrying Venezuelan crude to US Gulf refineries on smaller Aframax tankers, as done in the current trade. Thus, if China continues to expand its heavy and sour refining capacity, it would become economically feasible to greatly expand the Sino-Venezuelan oil trade, should both sides agree to do so.”<br />
Oil &amp; Gas Journal<br />
February 18, 2008<br />
China&#8217;s refining expansions to reshape global oil trade<br />
BYLINE: Gabe Collins, US Navel War College Newport, RI.</p>
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		<title>By: Think_b4_speaking</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1054051</link>
		<dc:creator>Think_b4_speaking</dc:creator>
		<pubDate>Mon, 07 Apr 2008 17:34:48 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1054051</guid>
		<description>&lt;blockquote&gt;The first thing the Nazi’s did when they gained power was to detain and or kill anyone they considered &lt;strike&gt;Socialist&lt;/strike&gt;&lt;strong&gt;Communist&lt;/strong&gt; in Germany.

Chimpy on April 7, 2008 at 1:00 PM
&lt;/blockquote&gt;

Fixed it for you</description>
		<content:encoded><![CDATA[<blockquote><p>The first thing the Nazi’s did when they gained power was to detain and or kill anyone they considered <strike>Socialist</strike><strong>Communist</strong> in Germany.</p>
<p>Chimpy on April 7, 2008 at 1:00 PM
</p></blockquote>
<p>Fixed it for you</p>
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		<title>By: Chimpy</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1053967</link>
		<dc:creator>Chimpy</dc:creator>
		<pubDate>Mon, 07 Apr 2008 17:00:48 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1053967</guid>
		<description>Johan Klaus on April 7, 2008 at 1:49 AM
&lt;blockquote&gt;NAZI, National Socialist Party.&lt;/blockquote&gt;

There are people here that call themselves “conservative” but William F Buckley and Goldwater would not recognize them as such. National Socialist is an oxymoron. Socialism is international. The first thing the Nazi’s did when they gained power was to detain and or kill anyone they considered Socialist in Germany.</description>
		<content:encoded><![CDATA[<p>Johan Klaus on April 7, 2008 at 1:49 AM</p>
<blockquote><p>NAZI, National Socialist Party.</p></blockquote>
<p>There are people here that call themselves “conservative” but William F Buckley and Goldwater would not recognize them as such. National Socialist is an oxymoron. Socialism is international. The first thing the Nazi’s did when they gained power was to detain and or kill anyone they considered Socialist in Germany.</p>
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		<title>By: Think_b4_speaking</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1053894</link>
		<dc:creator>Think_b4_speaking</dc:creator>
		<pubDate>Mon, 07 Apr 2008 16:17:18 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1053894</guid>
		<description>&lt;blockquote&gt;“Venezuela’s state oil firm PDVSA will start up three new refineries by 2009, one year sooner than previously announced…The refineries will incorporate patented HDH Plus refining technology for Venezuela’s extra-heavy sour crude.”
Business News Americas - English
August 8, 2006 Tuesday 11:38 AM GMT
PDVSA;
New refineries to start ops in 2009

dave742 on April 6, 2008 at 2:10 PM
&lt;/blockquote&gt;
...this was before Hugo teed off the foreigners, who would provide the know how to do it, and they left....</description>
		<content:encoded><![CDATA[<blockquote><p>“Venezuela’s state oil firm PDVSA will start up three new refineries by 2009, one year sooner than previously announced…The refineries will incorporate patented HDH Plus refining technology for Venezuela’s extra-heavy sour crude.”<br />
Business News Americas &#8211; English<br />
August 8, 2006 Tuesday 11:38 AM GMT<br />
PDVSA;<br />
New refineries to start ops in 2009</p>
<p>dave742 on April 6, 2008 at 2:10 PM
</p></blockquote>
<p>&#8230;this was before Hugo teed off the foreigners, who would provide the know how to do it, and they left&#8230;.</p>
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		<title>By: Vanceone</title>
		<link>http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/comment-page-2/#comment-1053885</link>
		<dc:creator>Vanceone</dc:creator>
		<pubDate>Mon, 07 Apr 2008 16:12:56 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/archives/2008/04/05/venezuela-cements-their-economic-doom/#comment-1053885</guid>
		<description>dave742: 

It appears your thesis is that nationalizing the economy is the way to economic prosperity.  That a government run economy will produce more than a free market.  Is that correct?

If so, do you advocate that Chavez nationalize EVERYTHING in Venezuela?  If the oil, cement, and other sectors he has taken over are now doing so much better, doesn&#039;t it follow you put your faith in Chavez to run everything better?  

Please, what is your prescription for the continued growth of Venezuela&#039;s economy?  More Chavez takeovers are good or bad?</description>
		<content:encoded><![CDATA[<p>dave742: </p>
<p>It appears your thesis is that nationalizing the economy is the way to economic prosperity.  That a government run economy will produce more than a free market.  Is that correct?</p>
<p>If so, do you advocate that Chavez nationalize EVERYTHING in Venezuela?  If the oil, cement, and other sectors he has taken over are now doing so much better, doesn&#8217;t it follow you put your faith in Chavez to run everything better?  </p>
<p>Please, what is your prescription for the continued growth of Venezuela&#8217;s economy?  More Chavez takeovers are good or bad?</p>
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