It was never about oil. It was always about money

[NotAnFBIagent]

Oil is worth a lot of money

 

[jadillac]

oil does not equal wealth.

Wealth comes from access, alliances, and integration into global finance.

Venezuela’s oil is:
• heavy crude (expensive to refine)
• restricted by sanctions/embargoes
• cut off from banking, insurance, and shipping
• politically isolated after nationalization

Saudi Arabia’s oil is:
• light & cheap to extract
• backed by Western alliances
• priced in USD
• flooded with foreign capital & tech

Same resource. Completely different geopolitical permission structure.

Thanks for the knowledge

Off topic, but my wild thought is Trump will literally bring back Obama care, but under his own name and maybe make it cheaper by a dollar or two.

Then he can brand it Trump Health or whatever he wants to call it and brag about how he made it cheaper.

 

[boogers]

i was with it until you actually said crypto, gold, and silver would be the only money available

the faith people have in absolute bullshyt like crypto is crazy. you only make money that way because you fukked over someone else

 

[FieldMouse51]

I do agree that it cant be about oil. It would take years to bring the infrastructure up to par and then many more years for that investment to pay for itself. I used to work in the power sector and these companies like Duke think in the very short term- years and not decades. Oil is cheap right now- nobody is going to be interested in that investment because again, they think in short term.

My thoughts are that it would essentially be a subsidy scam. Oil companies say, these pipelines are worse than we thought, we will need money from the government to finish this. Take the money, never put a piece of pipe in the ground and keep juelzing until the next president just tells them to stop, giving nothing back to Venezuela, finesse the American taxpayers.

 

[TELL ME YA CHEESIN FAM?]

This shyt is going to backfire on him,mark my words

 

[GrindtooFilthy]

i was with it until you actually said crypto, gold, and silver would be the only money available

the faith people have in absolute bullshyt like crypto is crazy. you only make money that way because you fukked over someone else

These central banking systems are dying, even if you don’t believe in cryptocurrency best believe they’re trying to find a new way to continue central banking with some type of new currency. For all we know cryptocurrency could just be the placeholder that leads them to finding that new currency. The fact of the matter is you still have black rock and countries like Russia and China still buying out crypto so clearly there’s some use cases for this in the near future that they plan to implement. Bro they fukked us over when they unpegged dollar from the gold standard. Don’t blame us.

Thanks for the knowledge

Off topic, but my wild thought is Trump will literally bring back Obama care, but under his own name and maybe make it cheaper by a dollar or two.

Then he can brand it Trump Health or whatever he wants to call it and brag about how he made it cheaper.

Iirc isn’t he already doing something like this currently?

I do agree that it cant be about oil. It would take years to bring the infrastructure up to par and then many more years for that investment to pay for itself. I used to work in the power sector and these companies like Duke think in the very short term- years and not decades. Oil is cheap right now- nobody is going to be interested in that investment because again, they think in short term.

My thoughts are that it would essentially be a subsidy scam. Oil companies say, these pipelines are worse than we thought, we will need money from the government to finish this. Take the money, never put a piece of pipe in the ground and keep juelzing until the next president just tells them to stop, giving nothing back to Venezuela, finesse the American taxpayers.

It will be just like the old days, “continuous improvement” with no actual improvement being done and just siphoning resources just to waste our time

 

[Chrishaune]

Trash the crypto idea and go with precious metals.

 

[Strapped]

China & Russia

 

[OneManGang]

I do agree that it cant be about oil. It would take years to bring the infrastructure up to par and then many more years for that investment to pay for itself. I used to work in the power sector and these companies like Duke think in the very short term- years and not decades. Oil is cheap right now- nobody is going to be interested in that investment because again, they think in short term.

My thoughts are that it would essentially be a subsidy scam. Oil companies say, these pipelines are worse than we thought, we will need money from the government to finish this. Take the money, never put a piece of pipe in the ground and keep juelzing until the next president just tells them to stop, giving nothing back to Venezuela, finesse the American taxpayers.

You’re assuming they’d refine it in Venezuela. If they refine here, the price/investment makes way sense. Maybe they invest something but vast majority of the oil is not going to be in Venezuelan control

 

[GrindtooFilthy]

Trash the crypto idea and go with precious metals.

You all say this, but none of you can ever tell me whats a better ledger and or an alternative form of vehicle asset transfer, as it stands now this fiat money we are using is shyt and is going to shyt, we’re are seeing this in real time it’s clearly a race to stop it from going to the bottom. What other alternative is there if you have one I’m all ears.

No gold
No crypto
No bonds
No real estate

What else do you recommend then

 

[Chrishaune]

You all say this, but none of you can ever tell me whats a better ledger and or an alternative form of vehicle asset transfer, as it stands now this fiat money we are using is shyt and is going to shyt, we’re are seeing this in real time it’s clearly a race to stop it from going to the bottom. What other alternative is there if you have one I’m all ears.

No gold
No crypto
No bonds
No real estate

What else do you recommend then

Precious metals to hold your value.
1oz of precious metals can't be inflated or deflated. All it does is show you how fast your fiat is losing value, because the value keeps going higher.

Crypto is tied to fiat so it's also being devalued.

Banks are buying up precious metals.

 

[invalid]

that's crazy. saw this same thing on twitter almost word for word.

 

[Mike809]

Naw you’re exactly right.




And big on “CERTAIN cryptocurrencies”.



Folks better swing by the Coli crypto thread sooner rather than later

I haven't bought crypto in a while, I know back then Binance implemented some kind of block preventing U.S customers from buying crypto..is that still the case?

 

[Gloxina]

I haven't bought crypto in a while, I know back then Binance implemented some kind of block preventing U.S customers from buying crypto..is that still the case?

You don’t only have to buy on Binance, but Binance has a US app

 

[FieldMouse51]

You’re assuming they’d refine it in Venezuela. If they refine here, the price/investment makes way sense. Maybe they invest something but vast majority of the oil is not going to be in Venezuelan control

I dont know the details but when they say the infrastructure needs to be updated I'm assuming they are talking about the orinoco belt pipeline, so pumpstations and pipes basically. I'm just guessing but my prediction is they will talk about updating it for years to come and do basically nothing to it.

Orinoco Belt - Wikipedia

en.wikipedia.org

Basically I'm guessing they will cry about how expensive it will be to fix up this system and funnel federal US dollars to fix it but instead just wait for a new regime and pocket the money and cancel the projects. But I have just seen a lot of cancelled projects before like MOX and VC Summer