From our Annals of Socialist Neocolonialism Bureau
Never mind those sanctions slapped on Venenozuela by the Trumpinator.
Damn the sanctions, full speed ahead…. oil MUST be delivered to the colonial masters in Castrogonia.
Colonies must always do the bidding of the empire to which they belong. And when that empire is starving for fuel, the colony simply can’t refuse to deliver what is needed.
Let’s see what — if anything — the U.S. does about this flagrant challenge to its power and status in Latrine America.
Venenozuela and Castrogonia have been thumbing their noses with impunity at U.S. sanctions ever since they were announced. Apparently, the so-called oil blockade is more of a myth than a reality.
And the fuel shortages in Castrogonia are not due to the so-called blockade but to the fact that Venenozuela’s oil production has slowed to a trickle, thanks to the socialist economic policies dictated by the colonial masters in Havana and to the corruption and inefficiency engendered by these policies.
So it goes…. The one nation on earth that squats on the world’s largest supply of oil simply can’t extract and process that oil as it once did, due to its 21st-century socialism.
But it can most certainly keep sending some of the oil it produces to those who ruined its oil industry, despite sanctions leveled against it by the most powerful nation on earth, which does little or nothing to stop those shipments.
Vamos bien!
From Argus Media
At least three Venezuelan fuel tankers are heading towards Cuba today, part of a flotilla meant to free up domestic storage space while defying a US campaign to cut off Venezuela’s oil supply to its political ally.
Up to 3 million barrels of refined products and heavy crude that Venezuelan state-owned PdV is dispatching to Cuba in the first half of October should help partially alleviate a critical storage deficit that has forced down Venezuelan production toward 500,000 b/d. The storage shortage is a domino effect of US sanctions that are scaring away most buyers, with a few exceptions such as Russia’s state-controlled Rosneft and Spain’s Repsol that takes supply in exchange for its domestic production.
Although Venezuela has long supplied Cuba with oil under preferential terms, the wave of new shipments — equivalent to 200,000 b/d in the first half October — quadruple the volume that PdV had been delivering in recent months. Cuba has about 160,000 b/d of oil demand, with roughly 50,000 b/d covered by domestic production.
Two oil union officials at the 940,000 b/d CRP refining complex in Venezuela’s Falcon state confirmed that tankers Terepaima, Paramaconi and Manuela Saenz are en route to the Cuban terminals of Matanzas and Cienfuegos for state-owned Cupet and state-owned utility UNE.
Argus was unable to reach Cuban officials for comment. The government in Havana has instituted an oil austerity campaign in recent weeks, citing a sharp cutback in Venezuelan supply.
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