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Veteran
Again, with the misusing. I specifically said 'go to hell', not 'they had problems'. Those are not the same.
Venezuela Crisis: Failed coup attempt by Juan Guaido; Military remains supporting Nicholas Maduro
- Thread starter 88m3
- Start date
Again, with the misusing. I specifically said 'go to hell', not 'they had problems'. Those are not the same.
Y’all love comparing Norway to way bigger countries like it’s a valuable metric.
Perfectson
Banned
wtf are you being serious right now. fine interchange "they had problems" with your more vulgar phrase. tf
this is also considerable Norway has 5m and Venezuela has 31m....totally forgot about using this in an arguement. If norway grew to 31m they would probably have similar difficulties as Venezuela lol.
right. Theres more people in Minnesota, Colorado, or Wisconsin than Norway.
Techniec
Drugs and Kalashnikovs
ADevilYouKhow
Rhyme Reason
Lol, they too close to America to go as hard as the Somalis did. Waryas from Bosasso to Eyl was truly coming up.
to Ilhan Omar on this issue.
88m3
Fast Money & Foreign Objects
man like Trinidad didn't have enough problems
I can see the coast guard putting this in check real quick
Lol, they too close to America to go as hard as the Somalis did. Waryas from Bosasso to Eyl was truly coming up.
I can see the coast guard putting this in check real quick
man like Trinidad didn't have enough problems
I can see the coast guard putting this in check real quick
Lol, Bolton would prolly send the Navy in hopes of that smoke from Maduro.
man like Trinidad didn't have enough problems
I can see the coast guard putting this in check real quick
Also, don't forget that Venezuela claims 61,000 square miles of territory in Guyana which is a century old dispute. Guyanese foreign minister was in DC last week too
Venezuela Unites (for Once) Around Guyana Territorial Dispute
By
Fabiola Zerpa
and
Alex Vasquez
December 27, 2018, 2:21 PM EST
The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country, have suddenly united around a common theme: the century-old dispute with Guyana.
The neighboring countries are clashing over offshore oil development in the disputed area as Exxon Mobil Corp ramps up activity and after the Venezuelan Navy interrupted the path of a vessel for seismic surveying on Dec. 22.
While the U.S. and countries of the Caribbean have sided with Guyana in the most recent incident, the Venezuelan government and the opposition-led National Assembly, which was essentially decreed useless by President Nicolas Maduro, are united in their message to defend national sovereignty and protect natural resources in the area.
“Exxon Mobil must know that hiring a seismic exploration vessel to operate in waters subject to an international claim is a provocation and a high-risk operation”, the National Assembly’s Commission for the Defense of the Essequibo said in a statement sent to Bloomberg.
Exxon said Dec. 26 that development work off the Guyanese coast will continue after the incident halted efforts to map the sea floor. Guyana is one of Exxon’s biggest projects for the next decade and may produce 750,000 barrels of oil a day by 2025, about 20 percent of the oil giant’s current output. All its Guyanese discoveries so far have been made in the Stabroek block, a vast area covering 6.6 million acres, part of which is near Venezuelan territory.
Even pollster and political analyst Luis Vicente Leon, of Caracas-based Datanalisis, weighed in on his social media account.
“The action of the Navy defending national sovereignty in Venezuelan waters is correct. All Venezuelans, without distinction of political position, must support it and send a clear message of unity in the defense of our territory,” Leon wrote on Twitter.
Guyana awarded Exxon Mobil a contract in 2015 to develop reserves believed to hold as much as 5 billion barrels of oil. Once significant output begins in Guyana it may rival Venezuela and Mexico as major Latin American oil producers.
To be sure, Venezuela is in no condition to actually develop new offshore oil areas. Output at home has slid to about 1.2 million barrels a day from more than 3 million barrels just five years ago. State-run oil company Petroleos de Venezuela SA is in default on part of its international debt and has struggled to partner with major new international partners in recent years due to previous expropriations and unfavorable macroeconomic conditions.
Guyana awarded Exxon Mobil a contract in 2015 to develop reserves believed to hold as much as 5 billion barrels of oil. Once significant output begins in Guyana it may rival Venezuela and Mexico as major Latin American oil producers.
To be sure, Venezuela is in no condition to actually develop new offshore oil areas. Output at home has slid to about 1.2 million barrels a day from more than 3 million barrels just five years ago. State-run oil company Petroleos de Venezuela SA is in default on part of its international debt and has struggled to partner with major new international partners in recent years due to previous expropriations and unfavorable macroeconomic conditions.
Also, don't forget that Venezuela claims 61,000 square miles of territory in Guyana which is a century old dispute. Guyanese foreign minister was in DC last week too
Venezuela Unites (for Once) Around Guyana Territorial Dispute
By
Fabiola Zerpa
and
Alex Vasquez
December 27, 2018, 2:21 PM EST
The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country, have suddenly united around a common theme: the century-old dispute with Guyana.
The neighboring countries are clashing over offshore oil development in the disputed area as Exxon Mobil Corp ramps up activity and after the Venezuelan Navy interrupted the path of a vessel for seismic surveying on Dec. 22.
While the U.S. and countries of the Caribbean have sided with Guyana in the most recent incident, the Venezuelan government and the opposition-led National Assembly, which was essentially decreed useless by President Nicolas Maduro, are united in their message to defend national sovereignty and protect natural resources in the area.
“Exxon Mobil must know that hiring a seismic exploration vessel to operate in waters subject to an international claim is a provocation and a high-risk operation”, the National Assembly’s Commission for the Defense of the Essequibo said in a statement sent to Bloomberg.
Exxon said Dec. 26 that development work off the Guyanese coast will continue after the incident halted efforts to map the sea floor. Guyana is one of Exxon’s biggest projects for the next decade and may produce 750,000 barrels of oil a day by 2025, about 20 percent of the oil giant’s current output. All its Guyanese discoveries so far have been made in the Stabroek block, a vast area covering 6.6 million acres, part of which is near Venezuelan territory.
Even pollster and political analyst Luis Vicente Leon, of Caracas-based Datanalisis, weighed in on his social media account.
“The action of the Navy defending national sovereignty in Venezuelan waters is correct. All Venezuelans, without distinction of political position, must support it and send a clear message of unity in the defense of our territory,” Leon wrote on Twitter.
Guyana awarded Exxon Mobil a contract in 2015 to develop reserves believed to hold as much as 5 billion barrels of oil. Once significant output begins in Guyana it may rival Venezuela and Mexico as major Latin American oil producers.
To be sure, Venezuela is in no condition to actually develop new offshore oil areas. Output at home has slid to about 1.2 million barrels a day from more than 3 million barrels just five years ago. State-run oil company Petroleos de Venezuela SA is in default on part of its international debt and has struggled to partner with major new international partners in recent years due to previous expropriations and unfavorable macroeconomic conditions.
Guyana awarded Exxon Mobil a contract in 2015 to develop reserves believed to hold as much as 5 billion barrels of oil. Once significant output begins in Guyana it may rival Venezuela and Mexico as major Latin American oil producers.
To be sure, Venezuela is in no condition to actually develop new offshore oil areas. Output at home has slid to about 1.2 million barrels a day from more than 3 million barrels just five years ago. State-run oil company Petroleos de Venezuela SA is in default on part of its international debt and has struggled to partner with major new international partners in recent years due to previous expropriations and unfavorable macroeconomic conditions.
It’d be some kinda irony if this issue could be the start of dialogue and mediation.
Yahoo is now part of Oath
finance.yahoo.com
Maduro Stymied in Bid to Pull $1.2 Billion of Gold From U.K.
Patricia Laya, Ethan Bronner and Tim Ross
5-7 minutes
View photos
Maduro Stymied in Bid to Pull $1.2 Billion of Gold From U.K.
(Bloomberg) -- Nicolas Maduro’s embattled Venezuelan regime, desperate to hold onto the dwindling cash pile it has abroad, was stymied in its bid to pull $1.2 billion worth of gold out of the Bank of England, according to people familiar with the matter.
The Bank of England’s decision to deny Maduro officials’ withdrawal request comes after top U.S. officials, including Secretary of State Michael Pompeo and National Security Adviser John Bolton, lobbied their U.K. counterparts to help cut off the regime from its overseas assets, according to one of the people, who asked not to be identified.
The U.K. followed the U.S. and other countries on Wednesday in recognizing Juan Guaido, the National Assembly leader, as the legitimate president of Venezuela. Maduro, an authoritarian ruler who’s overseen the country’s collapse into economic chaos, refuses to give up power, though, and has the backing of the military. The European Union threatened to recognize Guaido unless a “credible” presidential election is called with eight days, according to a draft statement seen by Bloomberg.
The U.S. officials are trying to steer Venezuela’s overseas assets to Guaido to help bolster his chances of effectively taking control of the government. The $1.2 billion of gold is a big chunk of the $8 billion in foreign reserves held by the Venezuelan central bank. The whereabouts of the rest of them is largely unknown. Turkey, though, has emerged recently as a destination for freshly mined Venezuelan gold.
The U.S. is leading an international effort to persuade Turkey -- a key Maduro backer, along with Russia and China -- to stop being a conduit for these gold shipments. Europe’s shift of position clarifies the international battles lines over Venezuela and aligns key powers such as Germany, France and Spain more closely with the Trump administration.
Free Elections
“We want democracy and free elections in Venezuela,” Spanish Prime Minister Pedro Sanchez said Saturday. “I want to state absolutely clearly that if within eight days, fair, free and transparent elections are not called in Venezuela, Spain will recognize Juan Guaido as president.”
Retrieving the gold in the Bank of England has been a major priority for the Maduro regime for weeks. Back in mid-December, Calixto Ortega, the president of Venezuela’s central bank, led a delegation to London that sought to gain access to it, according to two people with knowledge of the matter.
But those talks were unsuccessful, and communications between the two sides have broken down since. Central bank officials in Caracas have been ordered to no longer try contacting the Bank of England. These central bankers have been told that Bank of England staffers will not respond to them, citing compliance reasons, said a Venezuelan official, who asked not to be identified.
Gold Legacy
The Bank of England declined to comment on its handling of Venezuelan assets, saying it “provides banking services – including gold custody services – to a large number of customers” and “does not comment on any of those relationships.”
When asked about the fate of Venezuelan assets abroad Friday, Pompeo declined to comment, as did a spokesman for the National Security Council. The Treasury released a statement saying that the U.S. “will use its economic and diplomatic tools to ensure that commercial transactions by the Venezuelan Government, including those involving its state-owned enterprises and international reserves, are consistent with” its recognition of Juan Guaido as the interim president of Venezuela.
A press official for Maduro declined to comment.
Gold has formed a crucial part of Venezuela’s foreign reserves for years. Hugo Chavez, the late socialist leader and mentor to Maduro, plowed much of the country’s oil wealth into gold in part because of his disdain for the U.S. dollar. In 2011, Chavez ordered the repatriation of $11 billion worth of gold bars from the Bank of England and other foreign institutions. As Venezuela fell deeper into economic crisis years later, though, the Maduro regime began selling them off to raise the cash it desperately needed to fund imports and to try, unsuccessfully, to avoid defaulting on its foreign debt.
"The first rule of business as we speak is to stop the Maduro government from liquidating international assets of the country and steal them," Ricardo Hausmann, a Harvard economics professor and long-time critic of Maduro who’s been speaking with Guaido, said in an interview Friday.
(Updates with EU call for free election in third paragraph, Spanish prime minister’s comment in sixth.)
--With assistance from Eric Martin, Alex Vasquez, Fabiola Zerpa, Nick Wadhams, Jill Ward, Nikos Chrysoloras and Charles Penty.
To contact the reporters on this story: Patricia Laya in Caracas at playa2@bloomberg.net;Ethan Bronner in New York at ebronner@bloomberg.net;Tim Ross in London at tross54@bloomberg.net
To contact the editors responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net, ;Daniel Cancel at dcancel@bloomberg.net, Tony Czuczka, Steve Geimann
©2019 Bloomberg L.P.
finance.yahoo.com
Maduro Stymied in Bid to Pull $1.2 Billion of Gold From U.K.
Patricia Laya, Ethan Bronner and Tim Ross
5-7 minutes
View photos
Maduro Stymied in Bid to Pull $1.2 Billion of Gold From U.K.
(Bloomberg) -- Nicolas Maduro’s embattled Venezuelan regime, desperate to hold onto the dwindling cash pile it has abroad, was stymied in its bid to pull $1.2 billion worth of gold out of the Bank of England, according to people familiar with the matter.
The Bank of England’s decision to deny Maduro officials’ withdrawal request comes after top U.S. officials, including Secretary of State Michael Pompeo and National Security Adviser John Bolton, lobbied their U.K. counterparts to help cut off the regime from its overseas assets, according to one of the people, who asked not to be identified.
The U.K. followed the U.S. and other countries on Wednesday in recognizing Juan Guaido, the National Assembly leader, as the legitimate president of Venezuela. Maduro, an authoritarian ruler who’s overseen the country’s collapse into economic chaos, refuses to give up power, though, and has the backing of the military. The European Union threatened to recognize Guaido unless a “credible” presidential election is called with eight days, according to a draft statement seen by Bloomberg.
The U.S. officials are trying to steer Venezuela’s overseas assets to Guaido to help bolster his chances of effectively taking control of the government. The $1.2 billion of gold is a big chunk of the $8 billion in foreign reserves held by the Venezuelan central bank. The whereabouts of the rest of them is largely unknown. Turkey, though, has emerged recently as a destination for freshly mined Venezuelan gold.
The U.S. is leading an international effort to persuade Turkey -- a key Maduro backer, along with Russia and China -- to stop being a conduit for these gold shipments. Europe’s shift of position clarifies the international battles lines over Venezuela and aligns key powers such as Germany, France and Spain more closely with the Trump administration.
Free Elections
“We want democracy and free elections in Venezuela,” Spanish Prime Minister Pedro Sanchez said Saturday. “I want to state absolutely clearly that if within eight days, fair, free and transparent elections are not called in Venezuela, Spain will recognize Juan Guaido as president.”
Retrieving the gold in the Bank of England has been a major priority for the Maduro regime for weeks. Back in mid-December, Calixto Ortega, the president of Venezuela’s central bank, led a delegation to London that sought to gain access to it, according to two people with knowledge of the matter.
But those talks were unsuccessful, and communications between the two sides have broken down since. Central bank officials in Caracas have been ordered to no longer try contacting the Bank of England. These central bankers have been told that Bank of England staffers will not respond to them, citing compliance reasons, said a Venezuelan official, who asked not to be identified.
Gold Legacy
The Bank of England declined to comment on its handling of Venezuelan assets, saying it “provides banking services – including gold custody services – to a large number of customers” and “does not comment on any of those relationships.”
When asked about the fate of Venezuelan assets abroad Friday, Pompeo declined to comment, as did a spokesman for the National Security Council. The Treasury released a statement saying that the U.S. “will use its economic and diplomatic tools to ensure that commercial transactions by the Venezuelan Government, including those involving its state-owned enterprises and international reserves, are consistent with” its recognition of Juan Guaido as the interim president of Venezuela.
A press official for Maduro declined to comment.
Gold has formed a crucial part of Venezuela’s foreign reserves for years. Hugo Chavez, the late socialist leader and mentor to Maduro, plowed much of the country’s oil wealth into gold in part because of his disdain for the U.S. dollar. In 2011, Chavez ordered the repatriation of $11 billion worth of gold bars from the Bank of England and other foreign institutions. As Venezuela fell deeper into economic crisis years later, though, the Maduro regime began selling them off to raise the cash it desperately needed to fund imports and to try, unsuccessfully, to avoid defaulting on its foreign debt.
"The first rule of business as we speak is to stop the Maduro government from liquidating international assets of the country and steal them," Ricardo Hausmann, a Harvard economics professor and long-time critic of Maduro who’s been speaking with Guaido, said in an interview Friday.
(Updates with EU call for free election in third paragraph, Spanish prime minister’s comment in sixth.)
--With assistance from Eric Martin, Alex Vasquez, Fabiola Zerpa, Nick Wadhams, Jill Ward, Nikos Chrysoloras and Charles Penty.
To contact the reporters on this story: Patricia Laya in Caracas at playa2@bloomberg.net;Ethan Bronner in New York at ebronner@bloomberg.net;Tim Ross in London at tross54@bloomberg.net
To contact the editors responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net, ;Daniel Cancel at dcancel@bloomberg.net, Tony Czuczka, Steve Geimann
©2019 Bloomberg L.P.
