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Venezuela is rich in oil, why not?
Mining is not easy. High cost. Now many oil-producing countries can't play anymore. Mainly because the cost price is higher than the market price. For example, the price of a barrel of crude oil in an oil-producing country in Africa, excluding mining and transportation costs, reached 40 US dollars. Before that, when the international oil price was 100- 147 dollars, the profit was very considerable. We calculate according to $ 120. So in recent years, the budget is calculated according to the profit of a barrel of oil +80 dollars. Of course, the cost of Saudi crude oil is very low, easy to exploit and of good quality, with a cost of only $65,438 +00. (For example, it is not true data), then the Saudi profit is 1 10 USD per barrel. Now the international oil price has fallen to $30, and the profit of an African oil-producing country is 10. Even if its cost is less than $30, say $20, its profit has changed from +80 to 10. The money in the national budget has to be spent, employees have to be paid, and the project has to be stopped if it cannot be cut down. It is said that some countries have not paid their salaries for eight months, including civil servants, doctors, teachers and so on.

Just like a person who earned 8,000 yuan a month before and then bought all kinds of luxury goods and loans, but the market has changed, and he can only earn 1000 yuan or even lose money, so these debts cannot be repaid. Moreover, many oil-producing countries have a "Dutch disease", that is, after making money by exporting mineral oil, other industries will not develop. Because selling oil is too profitable, people spend a lot of money lying down, which forms the habit of people being idle and hating work. This is the common nature of mankind. What's more, people in Venezuela, Africa, the Middle East and other countries are naturally fun-loving, and many budgets are not planned. It is speculated that when the oil price is high, they should make some other investments and start some industries. However, these countries, especially the leftist government in Venezuela, have given people many promises and benefits. To put it bluntly, they should spend all the funds that should be used for national construction, eat, drink and be merry. I was dumbfounded when my income suddenly became low or even confiscated. Although Venezuela's oil reserves are still relatively rich, many of them are difficult to exploit and the cost of exploitation is high. Their crude oil quality is not very high, not as pure as Saudi crude oil. Of course, their oil resources are also very rich, and they can get rich completely. Then why are they in China now? We can't say he is too poor. The economy is worse anyway. Because my friend stayed in Venezuela for five years, he told me a lot about Venezuela, which is his feeling. I don't know much about economics either. I'm just talking about what my friends have seen and heard.

The cost of Venezuelan crude oil is about $23.50. Now the international oil price is about 56 dollars, and the profit has dropped from 100 dollars to 30 dollars now. So I can hardly live now. Saudi Arabia, not because it has built many secondary industries to ensure income, mainly because the crude oil exploitation cost in Saudi Arabia is too low, 10 USD. But on the whole, it is only a little less for Saudi Arabia, but it is not without influence. If the oil price hovers around twenty or thirty dollars, even Saudi Arabia can't afford it. First of all, Venezuela gives people the impression that there are a lot of idle people, especially young people, wandering around the streets all day, doing nothing and being at a loss. It's not that the company doesn't recruit people, it's not that there is no job, but it doesn't want to do it at all, or it's lazy. Why are you lazy? Because it is the high welfare of the government that makes them lazy. Those young people wander the streets all day, producing no fruits of labor or welfare, and only relying on the government for food. How good do you think national brokers can be?

And is Saudi Arabia really "rich"? Saudi Arabia's per capita GDP is only $20,000, and even the threshold of developed countries cannot be found. Compared with China, a country with a population of 65.438+0.3 billion, the per capita GDP has more than doubled. And China was completely saved by his hand. This country doesn't know how to manage the economy. Chavez before and Maduro after are idealists and have a set of theories, but when it comes to economy, they are both amateurs. Many anti-American slogans are nice and exciting, but, how to say, you know what it will be like to fight with the United States. * * * doesn't know how to run the economy at all. This is totally utopia and idealism. Of course, because they are close to the United States, it is impossible for the United States to wage war on them, and only some economic sanctions can be imposed. You have become an anti-American fighter, which is beautiful and exciting, but the people have bad luck with you, so this is really, really hard to say.

Why do people think this country is "rich"? Because the Saudi royal family and local tyrants have money, they often show off their wealth. There are also Saudis who don't work to make money, but lie down to make money. The money for selling oil (don't worry about yourself, it's all mined by western international companies, just lie down and wait for others to send it), let local tyrants spend a lot of money, then distribute it to residents with Saudi household registration books, and then buy weapons for the rest. Saudi Arabia's annual military expenditure is as high as $40 billion. This makes people feel that this is a local tyrant country. In fact, Saudi Arabia has some problems, and there are also some problems that Saudi Arabia does not have. If oil prices remain low, I am afraid Saudi Arabia will not last long. You see that Saudi Arabia is eager to let Aramco go public and strengthen anti-corruption at home, indicating that Saudi Arabia is also beginning to lack money, which affects domestic stability. The two countries also have one thing in common, that is, most of the oil revenues fall into the upper pockets, which leads to the widening gap between the rich and the poor. In order to appease the bottom people, both countries have increased their welfare. For Venezuela, the government needs to spend a lot of money and resources on welfare measures, and most of these funds come from the oil and gas industry, which leads to a serious lack of investment in the oil and gas industry. Although it has a large amount of oil reserves, its oil output has been declining continuously from 2006 to 2009. Second, even in those years when international oil prices continued to rise, the Venezuelan government could not accumulate foreign exchange reserves due to a large consumption of funds, and even appeared a fiscal deficit in 20 12.

The dispersion of a large amount of funds has also caused a slight domestic inflation, a shortage of foreign exchange, and a shortage of domestic materials due to the import of foreign goods. Let's talk about the problems that Saudi Arabia does not have, but Venezuela does. Although Saudi Arabia also relies too much on oil, it has at least seized this lifeline. Venezuela, for its part, nationalized its own oil, but its exploitation motivation was very insufficient and its enthusiasm was not high. The exploitation of oil has made a group of bureaucrats and corrupt elements rich and formed economic nepotism, but the actual technology is backward and even the electricity for oil exploitation is insufficient. If oil production cannot be expanded, what's the point of talking about reserves? Let's talk about the common problems of the two countries first. Both countries depend on oil, so low oil prices have a great impact on both countries. The sudden sharp drop in oil prices has led to a sharp drop in Venezuela's foreign exchange earnings. To make matters worse, Venezuela has a foreign exchange deficit in its current account. The shortage of foreign exchange reserves forced Venezuela to issue currency to make up the fiscal deficit, which led to hyperinflation and further deterioration of people's living standards. In short, the fall in oil prices has made it impossible for players who are used to spending money lavishly. If the oil price falls further, or just keeps the current oil price, more and more countries like Venezuela will go bankrupt.