Quote from phenomena:
LOL!!! Yeah, then maybe we can have a standard of living like Venezuela too!! Because they are just living the lavish life over there... LOL!!!!!!!! Gives it to the people LOL!!!! They take the oil and put the cash in their pockets!!!!
All that oil money to the people yet it's still a 3rd world shit hole... hmmm wonder why that is????
So Venezuela's oil is supposed to bring their living conditions up to American standards ?
Did none of you geniuses notice that the closer you are to the source of the energy, the cheaper it is??? LOL!!!!!!
Of course it is,but even in the smaller Saudi Arabia gas is 8 X's higher then Venezuela's
Also, we already do more or less have nationalized energy. About 50% of the price you pay for each gallon of gas, goes to the government already!! Did you even read that article? In europe it's up to 75% of the gas price!!! That already IS socialized energy.
When the other 50 % goes to oil companies that is not socialized energy
And naturally none of you "traders" bothered to factor in exchange rates, and relative value of local currencies.
Even with exchange rates is Venezuela's 12 cent a gallon gas isn't in the same stratosphere as US gas costs ,or maybe you didnt know that
Ugh. Epic fail.
agreed...for you