Socialism turns oil exporting country into oil importer



Venezuela used to be one of the largest exporters of oil and gas. Not anymore.

As the socialist dictatorship nationalized or took over one industry after another, the country lost the ability to produce food, clothes, and even toilet paper. But it was paying for subsidies with its oil exports. Now it can't even export a large fraction of what it used to, due to socialist mismanagement and corruption:

One oil rig was idle for weeks because a single piece of equipment was missing. Another was attacked by armed gangs who made off with all they could carry. Many oil workers say they are paid so little that they barely eat and have to keep watch over one another in case they faint while high up on the rigs.

Venezuela’s petroleum industry, whose vast revenues once fueled the country’s Socialist-inspired revolution, underwriting everything from housing to education, is spiraling into disarray.

To add insult to injury, the Venezuelan government has been forced to turn to its nemesis, the United States, for help.

Early this year, the United States began shipping more than 50,000 barrels a day of the light crude that Venezuela needs to prepare its own oil for export, joining a handful of suppliers that have become vital to keeping the country’s oil industry afloat.

Venezuela is racked by shortages of foods like corn and rice, which it once easily imported using the company’s vast foreign currency revenues. Essential medicines like antibiotics have disappeared. The economy is set to contract by 10 percent by the end of the year and has already seen triple-digit inflation.

This is what happens when the government intervenes too severely in the economy. We can see it happening in America in our healthcare sector as insurers pull out of markets leaving few or no options because of excessive government regulations. Expect long lines to see a doctor in your future, and expect liberals to blame not enough government regulation as the cause of it.

Because if it can happen to countries even with tremendous natural resources like Venezuela, it can happen here in America too.



Related articles:
Bill Gates thinks free chickens, not capitalism, will help Bolivia

62 capitalists have as much money as 3.5 billion living in socialism

What could possibly go wrong in a business when programmers and janitors make the same salary?








Minnesotan Somalis feel oppressed after one of their own attacks nine Americans


I have no sympathy for the Somali community of Minnesota when, after one of their own carves up nine people in a terrorist attack, they whine about feeling persecuted. Persecution is having a large knife stuck in your back, and it's not Somalis in America who are receiving it, it's Somalis (and other muslims, of course) who are involved in the doing of it.
CONTINUE READING

Related articles:
Why the FBI is not primarily to blame for latest Muslim attack

Liberals blame Islamic knifing, bomb attacks on Islamophobia

Did the Minnesota stabbing victims support mass migration of muslims?




NYC, Paris, London mayors call for more Muslim immigrants


Dozens were killed in Nice when a Muslim drove through crowds of tourists. A soldier was beheaded in London as part of a continuing wave of attack by Muslims on British people. And now immediately after muslim bombs in Manhattan go off, NYC Mayor De Blasio, the Mayor of Paris, and the Mayor of London think it is a great time to call for... more Muslim immigration!
CONTINUE READING Related articles:
Muslim immigrants are not poisonous skittles, they are explosive ones

Somali Minnesotan stabber was "all American boy"

Minnesotan Somalis feel oppressed after one of their own attacks nine Americans



Liberals blame Islamic knifing, bomb attacks on Islamophobia


I was curious to read the New York Times comments section after the most recent muslim knifing and bombing attacks. Would they finally admit reality, that a substantial number of Muslims are out to kill Americans, and that a hostile Islamic ideology was fueling this hatred?
CONTINUE READING Related articles:
Did the Minnesota stabbing victims support mass migration of muslims?

We need fewer pressure cookers and more muslim immigrants

How to apologize to Assad for bombing his troops



Muslim immigrants are not poisonous skittles, they are explosive ones


Donald Trump Jr. is taking heat for comparing muslim immigrants to a handful of Skittles, three of which are poisoned.
CONTINUE READING Related articles:
Liberals blame Islamic knifing, bomb attacks on Islamophobia

NYC, Paris, London mayors call for more Muslim immigrants

Somali Minnesotan stabber was "all American boy"



Lib media: Somali Minnesotan stabber was "all American boy"


The Somali who stabbed nine people in a Minnesota shopping center is the subject of a glowing PR piece in the Times, which describes him as an "All American boy".
CONTINUE READING Related articles:
Liberals blame Islamic knifing, bomb attacks on Islamophobia

NYC, Paris, London mayors call for more Muslim immigrants

Minnesotan Somalis feel oppressed after one of their own attacks nine Americans



Why the FBI is not primarily to blame for latest Muslim attack


It has been revealed that the FBI was actually warned by the father of the Muslim pressure cooker bomber in 2014 that his son had been radicalized. The father later recanted the statement, but nevertheless the FBI had been warned. If they had investigated they would have seen that Ahmad Khan Rahami had made a number of trips to Pakistan, which is a red flag in and of itself.
CONTINUE READING Related articles:
Liberals blame Islamic knifing, bomb attacks on Islamophobia

Did the Minnesota stabbing victims support mass migration of muslims?

We need fewer pressure cookers and more muslim immigrants



Why Hillary says she'd be best fighting terrorism


Hillary Clinton has a message for us: she'd be the best candidate to fight terrorism.
CONTINUE READING Related articles:
Don't count on Hillary's decaying body to save Donald Trump

Loretta Lynch confirms private meeting with Bill Clinton not for sex

The times Hillary uses Rodham and the times she doesn't



Did the Minnesota stabbing victims support mass migration of muslims?


Nine people were stabbed in a Minnesota Mall by a Somali Muslim who went on a rampage
CONTINUE READING Related articles:
We need fewer pressure cookers and more muslim immigrants

How to apologize to Assad for bombing his troops

Germany encouraging women to wear hijabs



We need fewer pressure cookers and more muslim immigrants


In the wake of the bomb blast in New York City caused by a pressure cooker, just like the pressure cooker that a muslim planted at the Boston Marathon, I realize that the problem isn't too many Muslim immigrants, it's too many pressure cookers. Pressure cookers, unlike guns, aren't even remotely protected by the constitution.
CONTINUE READING Related articles:
How to apologize to Assad for bombing his troops

Germany encouraging women to wear hijabs

Why doesn't liberal Vermont want muslim refugees?



How to apologize to Assad for bombing his troops


It turns out that instead of bombing ISIS, America actually bombed some of Assad's troops in Syria!
CONTINUE READING Related articles:
We need fewer pressure cookers and more muslims

Germany encouraging women to wear hijabs

Why doesn't liberal Vermont want muslim refugees?




Next Page





Search Topic Areas
o Donald Trump
o Best articles
o Abortion
o Economy
o Education
o Environment
o Hairy feminists
o Gay agenda
o Gun control
o Illegal aliens
o Pop culture
o Radical islam
o Republicans
o Reverse Racism
o Ted Cruz
o Transvestite agenda




NewsMachete.com Copyright 2015
Feedback


Who is NewsMachete?

Privacy policy
Search Topic Areas
o Donald Trump
o Best articles
o Abortion
o Economy
o Education
o Environment
o Hairy feminists
o Gay agenda
o Gun control
o Illegal aliens
o Pop culture
o Radical islam
o Republicans
o Reverse Racism
o Ted Cruz
o Transvestite agenda