Wie venezolanisches Rohöl die kanadischen Produzenten auf den Kopf stellen könnte
https://www.cbc.ca/news/politics/how-venezuelan-crude-could-shake-things-up-for-canadian-producers-9.7019971
Wie venezolanisches Rohöl die kanadischen Produzenten auf den Kopf stellen könnte
https://www.cbc.ca/news/politics/how-venezuelan-crude-could-shake-things-up-for-canadian-producers-9.7019971
4 Kommentare
South American history is crazy. On paper they should be European levels of wealth and development and yet it just continually falls apart from instability and corruption.
It will take decades to rebuild the Venezuelan oil industry, the physical plant is practically in ruins, the pressure from conventional fields has been diminished and the human capital has rebuilt their lives in Canada, the US and further abroad.
Making Canada a state didn’t fly, so they are looking elsewhere. The juice isn’t worth the squeeze though unless the US is prepared to overhaul pretty well the entire Venezuelan oil industry.
> “For Venezuela to produce four million barrels a day in a decade, it will require north of $100 billion,“ he said. „For that to happen, it would require mostly private investment and the conditions to attract that private investment, because the national oil company is bankrupt and the country itself has an external debt of more than $150 billion.”
For reference they currently produce around one million barrels a day. However if this takeover does come to pass it is all the more reason to continue diversifying our markets as challenging as that may be when it comes to dealing with oil and gas.
That is exactly why two weeks ago I sold my [DRIP](https://www.marketwatch.com/investing/fund/drip) position to buy a new and large position in [NRGD](https://www.marketwatch.com/investing/fund/nrgd?countryCode=CA).