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Industry sanctions started in 2018. Their production had been declining since 2014. It's not just an issue of equipment. Its also a brain drain, corruption, lac

Industry sanctions started in 2018. Their production had been declining since 2014. It's not just an issue of equipment. Its also a brain drain, corruption, lack of a functional justice system, legal guarantees, property rights... Competent Venezuelan oil professionals have been fleeing the country and can be found in Colombia, Brazil, and other oil producing countries farther away. The Venezuelan regime is far, far from being harmless and nonthreatening, their human violations are numerous and nobody is suffering the consequences of their actions more than Venezuelans themselves. I've seen the plight of their people on the immigrants who fled to my own country. Even their own PDVSA stars don't drink the Kool-aid... It was sad to share a table with disillusioned young, bright, venezuelan engineers at the SPE Latin America Heavy and Extra Heavy Oil Conference, so ask me how I know...

jessaustin 5y ago
Sanctions on PDVSA started in 2014. Sanctions that effectively limited the import of medical supplies started in 2015. [0] The Venezuelan emigrants you see in your nation are fleeing the depression caused by those sanctions. After that stops, many of them will return to Venezuela. [0] https://www.telesurenglish.net/news/Timeline-of-Half-a-Decade-of-US-Economic-War-Against-Venezuela-20190521-0011.html https://www.telesurenglish.net/news/Timeline-of-Half-a-Decad...
- zubiaur 5y ago
  That timeline grossly misrepresents the nature of the sanctions and is nothing more that a hit piece by a propaganda arm of the Venezuelan government. There is no freedom of press in Venezuela. Their take on law 113-278 is blatantly false. https://www.govinfo.gov/content/pkg/PLAW-113publ278/pdf/PLAW-113publ278.pdf https://www.govinfo.gov/content/pkg/PLAW-113publ278/pdf/PLAW... Venezuelan sanctions targeting PDVSA sanctions start in EO 13808. https://home.treasury.gov/system/files/126/13808.pdf https://home.treasury.gov/system/files/126/13808.pdf The immigrants I see in my country are fleeing a dictatorship.

jessaustin 5y ago

Sanctions on PDVSA started in 2014. Sanctions that effectively limited the import of medical supplies started in 2015. [0] The Venezuelan emigrants you see in your nation are fleeing the depression caused by those sanctions. After that stops, many of them will return to Venezuela. [0] https://www.telesurenglish.net/news/Timeline-of-Half-a-Decade-of-US-Economic-War-Against-Venezuela-20190521-0011.html https://www.telesurenglish.net/news/Timeline-of-Half-a-Decad...

zubiaur 5y ago
That timeline grossly misrepresents the nature of the sanctions and is nothing more that a hit piece by a propaganda arm of the Venezuelan government. There is no freedom of press in Venezuela. Their take on law 113-278 is blatantly false. https://www.govinfo.gov/content/pkg/PLAW-113publ278/pdf/PLAW-113publ278.pdf https://www.govinfo.gov/content/pkg/PLAW-113publ278/pdf/PLAW... Venezuelan sanctions targeting PDVSA sanctions start in EO 13808. https://home.treasury.gov/system/files/126/13808.pdf https://home.treasury.gov/system/files/126/13808.pdf The immigrants I see in my country are fleeing a dictatorship.