Bartender/ Actress the lie behind AOC

[LV426]

so why do you keep saying that increased production by Venezuela would reduce world oil prices, when oil is fungible

What a fucking idiot.

Because Venezuela is in OPEC you goddamn mouth-breather!

Anytime OPEC increases their supply, the price per barrel drops.

Wow.

It's like you know less than nothing.

[dukkha]

It's becoming clear that you're just making shit up as you go.

What happened in Venezuela is that the decline of oil prices led to a drop in revenues to the state, and the state had dwindling amounts of petro-dollars it could invest in itself, be it a social program or oil infrastructure.

But lost in this dumb argument is the simple fact that increasing oil production, which would have ostensibly been the result of investing in the infrastructure, would have only sped up the process of Venezuela's diminishing oil revenue returns because expanding production and exploration in an OPEC nation will result in an increase in the future supply and a subsequent decrease in the price per barrel.

You don't know what the fuck you're talking about, and it shows.

ROFL now your back to arguing fungible pricing while blaming me for reliance on that canard for the collapse of Venezuela oil/society
enough..this is a waste of my time

[LV426]

You are arguing that Venez. caouldn't have pumped more because world oil prices would decline while at the same time saying "the global price per barrel didn't decline because of the state of Venezuela's oil production"

If Venezuela increased output, it would further drive down the price per barrel. A lower price per barrel means lower revenues. Lower revenues means less to invest in infrastructure. However, investing in infrastructure would have the net effect of increased output which would drive down the price per barrel.

So there's no way to drill your way out of low energy prices, and new equipment and infrastructure doesn't change that one iota.

[LV426]

ROFL now your back to arguing fungible pricing while blaming me for reliance on that canard for the collapse of Venezuela oil/society
enough..this is a waste of my time

You don't seem to know what the fuck you're saying.

You say on the one hand that low oil prices are the result of Venezuela's sorry state of oil infrastructure, when the low oil prices have nothing to do with the level of disrepair of the infrastructure, but rather the output.

So if you improve the infrastructure, you are ostensibly improving the output.

So if you increase the output, you do what to the supply?

And if you increase the supply, you do what to the price?

I can't help it that you're faking your way through this debate, pal.

[dukkha]

If Venezuela increased output, it would further drive down the price per barrel. A lower price per barrel means lower revenues. Lower revenues means less to invest in infrastructure. However, investing in infrastructure would have the net effect of increased output which would drive down the price per barrel.

So there's no way to drill your way out of low energy prices, and new equipment and infrastructure doesn't change that one iota.

finally some hint of lucidity:
any small amount of price change by one OPEC country does not mean that one countries increased production means a net loss in revenues for that country..there are too many other countries contributing to supply.

further if other OPEC countries then increase production ( in tandem)yes - that creates a worldwide "glut"
and that can mean spiriling lower prices and lack or production due to lack of worldwide demand.
But that is not what happened here.

Venezuela didn't try to "increase production" -you are introducing a red herring.

Instead Venezuela could not keep up with existing production levels at their peak (when Chavez took power)
because their production facilities collapsed and they could not do further exploration because they lacked the expertise and equipment then fell into disrepair

Get off the world prices meme. you are pushing a red herring

[LV426]

those are capitalist economies.

Right, which is what we want for the US.

Capitalist economies with degrees of socialism.

[LV426]

ROFL..now you are completly delusional. I have 2 ID's
I never had more, I never changed them I only have 2 same IDs.

I don't believe you, and there's no reason anyone should.

when I created noise everyone knew it was me because of my intelligent sourcing, and erudite style
and ability to pick apart specious argumentss like yours

You haven't done that.

Instead what you've done is grow sloppy and reckless with your posts as you paint yourself into a rhetorical corner.

Then you just create new IDs that agree with yourself.

Totally insecure.

[LV426]

ROFL..so now you not only Trump Derangement Syndrome (TDS) - you have manufactured delusions about myself as well!

You opened this can of worms when you started with your multiple IDs.

[dukkha]

Right, which is what we want for the US.

Capitalist economies with degrees of socialism.

the devil is in the details. New Green Deal is not a "degree of socialism" it's a complete remaking of our buildings,transportation, and energy industry.
It's 93 trillion over ten years -that is a not a "degree" it a complete work over

[LV426]

ROFL..I even gave you a MAP that showed ISIS no longer held any territory

Actually, the map you gave me showed they did still control territory...that's when you retconned your argument to say "pockets of ISIS".

You shifted the goalposts several times there.

It was really funny.

BTW - what's the deal with the Syrian withdrawal? Oh right, that's not happening now.

[dukkha]

You opened this can of worms when you started with your multiple IDs.

the.. worms.. are..in..your..head..
2 is not "multiple" at most it is a couple -your words are as inexact as your economics .
You are obsessed and delusional.

[LV426]

ou don't understand terrorism and you don't understand the difference between an insurgency and what ISIS had become! ( a state within a state)

Nice goalpost shift there...that makes, what, about a dozen on this subject?

And ISIS wasn't even defeated as a state with you admitting they still had pockets of control.

So you had to move the bar on what defines a state, and then you moved the bar on what defines ISIS.

LOL! Wow, dude. You could have just said that ISIS wasn't defeated and Trump was trying to distract from the failing economy at the time. But for some reason you are compelled to defend Trump...that's weird. Really weird.

[Bourbon]

... and BTW ... What's Wrong with Bartenders?

I'm going to see one tonight ... maybe two.

Do you now have something against Working People?

[LV426]

that's absurd.

Yeah, because you're making that argument.

You're arguing that had Venezuela used its petro-dollars to expand its energy infrastructure, it wouldn't have been hit hard by the decline in the global price of oil...the thing you are saying they should do more production of...which would lower the price per barrel...which would lower revenues...which would lower investment.

That's why you can't drill your way to higher energy prices and revenues.

You are the one yammering about world prices. Not me.

Because global prices determine how much revenues Venezuela gets from selling their oil globally.

Wow.

You're not very bright.

I said the disrepair and the lack of expertise caused the production to rapidly collapse.

The state of its infrastructure doesn't matter when it comes to selling the oil because the price per barrel is set globally by OPEC increasing or decreasing the global supply.

You don't know what the fuck you're talking about.

The worst thing Venezuela could do for itself right now is increase output and invest in oil infrastructure.

[dukkha]

Actually, the map you gave me showed they did still control territory...that's when you retconned your argument to say "pockets of ISIS".

You shifted the goalposts several times there.

It was really funny.

BTW - what's the deal with the Syrian withdrawal? Oh right, that's not happening now.

nope it showed "pockets of resistance" WITHIN others control -learn some terminology!
~~

you are wrong about world prices collapsing Venezuela oil
you are wrong about all things to do with terrorism
you are wrong about my IDs
your economics is suspect with your cherry picking - not a good track record at all.

You need to obsess less over my 2 IDs and study up on foreign affairs and counter-terrorism strategies