Hastily Called Venezuela Debt Meeting Ends Without Resolution for Creditors…

CTH has a strong sense that when the final analysis on Venezuela’s ongoing socialist struggle is written, some years from now, the geopolitical strategy used by the Trump administration will be taught in political science classes. [Backstory Here]

As a result of horrific socialist policies, primarily driven by using oil production to maintain it’s socialist governance, Venezuela is under massive debt and desperate for cash.  The United States was one of the few remaining cash purchasers of Venezuela oil before U.S. Secretary of Treasury  Mnuchin imposed sanctions.

Previously China and Russia purchased Maduro’s oil, however their current purchases are/were all made as offsets, repayments, for prior loans.  China and Russia already own 49% of Venezuela’s state oil company PDVSA. Venezuela repays China and Russia with oil, but Venezuela needs cash revenue. It doesn’t generate additional revenue for Maduro if China and Russia purchase more oil, it only pays down the Venezuelan debt.

Venezuela needs money.  However, if anyone engages in restructured debt or further loans or bond holdings to Maduro they run the risk of running afoul of Secretary Mnuchin’s sanctions which could have a downstream effect of freezing their own banks and international financial systems from engagement with U.S. banks.

Secretary Mnuchin is open to softening the sanctions provided that Venezuela’s opposition party, the people under the regime, agree to such measures.  That approach provides the genuine democratic reformers leverage, and, more importantly, forces Maduro to their table.   It’s a really interesting dynamic.

CARACAS, Venezuela (AP) — Cash-strapped Venezuela will launch into a discussion Monday with foreign investors about rescuing itself from crushing debt incurred during better times for the oil-rich country.  Investors eager to be paid back, however, worry that confusion clouds the meeting.

[…]  The Trump administration has sanctioned a growing list of Venezuelan officials, including the government’s top two debt negotiators, Economy Minister Simon Zerpa and Vice President Tareck El Aissami, who is accused of being a major drug trafficker. Washington has also barred U.S. companies from lending new money to Venezuela because of human rights abuses committed during months of anti-government protests and Maduro’s efforts to squash the opposition.

But in a sign the Trump administration might be willing to soften its stance, the Treasury Department said last week that it would consider allowing Americans to deal in new debt if any restructuring plan was backed by Venezuela’s opposition-controlled congress, whose authority has been steadfastly ignored by Maduro’s government.  (read more)

The sanctions against Venezuela, while targeted, are only one small outcropping of a much larger geopolitical strategy that U.S. President Trump has initiated for the past ten months with jaw-dropping success:

From OPEC (Saudi Summit) to the EU and Baltic States (Poland Pre-G20); to North African energy development via President Macron (Libya and Mali); to walking away from the Paris Climate agreement; to discussions with Theresa May on a bilateral trade deal; to massive shipments of coal to U.K. and France; to closing a deal to deliver Ireland massive amounts of Texas LNG; to our own internal U.S. energy production policy with pipelines, Oil, Coal and Liquified Natural Gas (LNG) etc.

In addition to driving our own energy production, President Trump has used all of those “allied” relationships to ramp up production of energy products and international pressure via lowered global energy prices.

The bigger part of the ‘big-missed-picture‘ was how that energy strategy impacted adversaries like Russia, Iran, China and, in this example, Venezuela; while simultaneously supporting the larger America-First economic and geopolitical goals.

President Trump thinks seriously long-term, and really BIG picture.

Global energy, mostly oil, fuels the expansionist and interventionist structure that builds the very foundation of our geopolitical adversaries’ ability to continue their global influence. Diminish the influence of energy, as an enabling system for authoritarian expansion, and president Trump puts the squeeze on the financial resources of those looming nations dependent on energy as income.

Most of our current geopolitical adversaries: Russia, Iran and China are dependent on high energy prices.  Secondly, the downstream economic adversaries, Venezuela, Cuba etc. are dependent on high energy prices to maintain their economic position and alliances. As examples: China (as a geopolitical influence agent), and Mexico (as a NAFTA trade parasite), hold adverse interests to the U.S. on trade policy.

President Trump, by pressuring lowered global energy prices, has fractured the foundation of energy producing nations to influence geopolitical strategy; Trump has diminished their most powerful tool.

As a consequence, economic adversaries like China are put into a position of having to spend more money, directly, to aid their allies and to maintain their influence.  The primary revenue China spends comes from their access to sell products in U.S. markets.

Restrict China’s access to U.S. markets via trade policy and Trump is restricting their revenue; while at the same time using energy policy to force them to spend more to retain their influence.

 

Advertisements
This entry was posted in China, Communist, Economy, energy, media bias, Mexico, NAFTA, President Trump, Trade Deal, Uncategorized, US Treasury, USA. Bookmark the permalink.

94 Responses to Hastily Called Venezuela Debt Meeting Ends Without Resolution for Creditors…

  1. Johnny Bravo says:

    Go socialism go…. and don’t come back!

    Liked by 26 people

  2. Sanj says:

    Trump wins here, he wins there, he wins everywhere. He’s the Chelshire Cat in the Hat!
    Seriously, the interconnected use of financial leverage by denying access to the largest capital market in the world for supporting rouge regimes is the stick to the carrot offered by TRex and POTUS on their foreign trips.

    Well played Master Trump!

    Liked by 24 people

    • chojun says:

      Hopefully he can start winning against the Congress-critters. THAT’s the battle I’m waiting for and have plenty of popcorn for when the fireworks start.

      Liked by 6 people

      • litlbit2 says:

        November 2018 is about to be realized by the swamp as their Armageddon date! Panic

        Liked by 3 people

        • Blacksmith8 says:

          It’s not Armageddon. That’s an epic battle between foes where either actually has a chance at winning.
          This more like some play ground bully who looks up from the latest conquest to see the good looking blonde haired kid from out of town walking right at him with a smile on his face and the sun at his back.
          I can almost hear PDJT saying ‘I have decided that you are not going to do that to anybody , EVER, AGAIN’

          Like

      • rsanchez1990 says:

        He already started winning. See: Corker and Flake.

        Liked by 3 people

    • Carrie2 says:

      Sanj, we are fortunate to have a hardworking business man at the helm of America and how he can wound up the idiots who think they can own their country and treat their people like dirt, but that is communism in Venezuela and not socialism (which is wee bit behind communism). Trump along with his appointees make a puzzle that winds up the idiots and they don’t how to place a piece of anything. So Venezuela is in a serious pinch, which means Maduro is in a bind and no way out UNLESS… Following this will be good entertainment thanks to CTH.

      Like

  3. CorwinAmber says:

    nice analysis…how can we really be sure that SD isn’t PDJT? I’m just saying

    Liked by 5 people

  4. PgtSndThinker says:

    It’s sobering how fast a prosperous nation can descend into chaos.

    Liked by 12 people

    • Carrie2 says:

      PgtSndThinker, greedy and power hungry and the people (just like us allowing Congress to think they own us and we vote them in) vote without fully vetting the candidate. The opposition is what they in control and Maduro and his criminal cabinet ousted.

      Like

  5. 4sure says:

    Let ’em eat cake.

    Liked by 1 person

    • let’em drink Crude…… Oil…

      Like

    • n1ghtcr4wler says:

      Let ’em eat zoo animals.

      Liked by 1 person

    • Grandma Covfefe says:

      Let ’em eat dirt.

      Liked by 1 person

      • piper567 says:

        The real issue here, and I am proud of our President for repeating it, is the people who are suffering untold misery at the hands of these Venezuelan Criminals.
        Yes, they voted them in…if they did…but we voted ozero in also.
        Not many people on earth are blessed with the History we have, and many suffering peoples have little to say ab their Government.
        I have a friend whose Mother just got out of Venezuela before tshtf, and now she is here, safe…but only because my friend was able to process her paperwork. Not many are so fortunate.
        Friend’s Mother just abandoned the house she had spent decades building…not many can leave all behind and survive on no resources or no family.
        So, I am a little reluctant to tell them to just eat cake, although I certainly feel that way ab the criminals in charge.

        Liked by 2 people

  6. Atticus says:

    “Eventually you run out of other people’s money.”

    Liked by 11 people

  7. Life comes at you fast, Sean Penn.

    Liked by 12 people

  8. Paco Loco says:

    Energy is money. You can buy it, sell it, trade it, loan it and bank it. The US has a huge supply of energy in the form of coal, natural gas, oil, nuclear and solar/wind power. Alaska is still largely untapped and opening up ANWAR is going to produce vast amounts of oil and gas that we will export. OPEC is a dead duck. The price of oil is headed to $20/BBL. Cheap US energy means spectacular economic growth at home and around the world. BOOM TIMES acoming!

    Liked by 18 people

    • Risa says:

      The U.S. Oil and Gas Industry cannot survive at $20 oil. Early in 2016 when the price dropped to $23 per barrel, thousands lost their jobs and drilling rigs were relegated to equipment graveyards. Even at current prices of approximately $53 per barrel the industry has not recovered.

      The economy does love cheap oil and multistage hydraulic fracturing in shale oil plays has provided an energy miracle. But the market is very sensitive to price because the technology is not free, and it isn’t reasonable to think it will thrive at unsustainably low economic returns.

      Under Obama the EPA was destroying many mid and small sized companies with onerous, unreasonable regulations. The Left hates fossil fuels, and has no concern for the economic costs of its war on affordable energy. If people can’t afford fuel for their cars or the energy to heat, cool and keep the lights on in their homes, it doesn’t bother the Leftists. The human cost of their crusade is irrelevant.

      Trump is a realist who is unleashing the animal spirits of our economy and propelling us back to the higher standard of living that had disappeared under Obama. With increased demand for energy and an industry which can plan a future based on reasonable returns on investment, the United States will be the world’s energy innovator and leader.

      Liked by 2 people

      • Risa says:

        My immediate family has three Petroleum Engineers, with a combined total of 70 years of industry experience. One has his name on an innovative Hydraulic Fracturing patent and teaches a capstone industry course at a major state university. Another has been responsible for evaluating and coordinating major oil and gas field acquisitions. All three also have law degrees, two have MBAs.

        Like

        • Blacksmith8 says:

          Sorry Risa, I have to disagree. Your successful oil industry family is simply wonderful.

          However, you started with a large declarative that is simply NOT TRUE.

          Law degrees and MBAs do NOT run oil. You already know this. They work for the same oil people who ran the same oil companies 40 years ago.

          The art of making oil has not changed much since the ’50s. ARDs is new, HDS is new, fracking is a twist on an old deal.

          Here’s a taste of reality. This country has more proven reserves of oil under it than the reported reserves (guess who’s math they are using) of every other oil exporting nation COMBINED.

          Once upon a time oil was below $20 a barrel on the SPOT. When it made it near $40, there was a huge boom in ‘WHITE GAS’. That busted. When oil goes below $30-35, all the near do wells and fancy crap gets way to expensive and the also rans get put down.

          The old men running the old companies make money NO MATTER WHAT.

          Any reference made to 2016 and before must include production and refining capacity. It’s all changed now. Oil and gas refining in the US is DOWN 90% from before 2008.

          Any guesses why?

          There is a ridiculous amount of production sitting unused in our coastal waters. The previous occupant at 1600 shut almost all of it down and his lying epa unilaterally and illegally denied new and renewed applications.

          If you’d really enjoy seeing the roaring ’20s again, here’s a short to do list:
          1. fast track approval for every off shore drill
          2. ERASE CAFE
          3. erase every epa and ustb ‘regulation’ but are only policies on interstate trucking
          4. wipe out the clean air act

          5. SAY HELLO TO 20 CENT PER GALLON GAS AND BUY AS MUCH AS YOU WANT

          WINNING!!!

          Liked by 1 person

      • Bob Thoms says:

        Oil prices were never $20 a barrel usd in 2016.

        Like

  9. Umm, I’m not one of those pointer-outer folks, but I think T-Rex is still Sec. of State. Mnuchin is Sec. of Treasury.

    Liked by 1 person

  10. Pam says:

    POUTS is still winning and I’m not tired of it! 😀

    Liked by 8 people

  11. Along Sundances Analyses…
    Think along with the bigger picture…
    THINK…
    Oil & Crude Products are ENERGY…
    Energy drives the Economic Engine(s) of OUR Country… As well as the world..
    Of course along with MAGA Patriots… 😉
    As WE & President Trump’s MAGA unfolds.. Lower Energy Cost(s) AND Lower TAXES will give OUR Economy, (and other Countries also), the incentive to PLAY NICE, Support MAGA, (Thus the World), possibly bringing about……
    A Economic PEACE as “everyone” will Prosper, except of course those *Bad Actors*, see; eg China, NOKO & IRAN et al.. If they refuse to “Play along” with Trumps MAGA Road Map, to Our recovery..
    Energy Prices will further fall, as will taxes, Companies will see, or be induced to Produce in America once again..
    Jobs! Jobs! Jobs!

    Meanwhile… UP-Lifting those Countries whom Play “MAGA” with US also, in higher wages & Living Standards…WITH FREE & FAIR Trade practices,
    While those that refuse to do so… Will be SHUNNED, on the World Stage..
    If, President Trump get HIS way, in succeeding with MAGA, (thus the World).. We could very possibly see A World & Prosperous Peace;
    NOT seen in Centuries On this Earth…

    Now, ONE thing I’d “personally” like to see happen…
    A “Renaissance” of Nuclear Energy… Involving Molten Salt/Thorium reactors..
    They are Very Safe, We HAVE the Technology, Just We need the Will to build them…
    Could you Imagine *SEVERAL* being built in each state of the Union at ONCE???
    Jobs! Jobs! Jobs!
    SAFE Plentiful ENERGY….
    MAGA! USA Energy exporters!

    Now about that Space Elevator…. 😉

    Liked by 8 people

    • Larry Bucar says:

      Wow never heard of that.. is that anything like fusion reactors?

      Liked by 1 person

      • Larry Bucar says:

        MSR Disadvantages[wikipedia)
        Little development compared to most Gen IV designs .
        Required onsite chemical plant to manage core mixture and remove fission products.
        Required regulatory changes to deal with radically different design features.
        MSR designs rely on nickel-based alloys to hold the molten salt. Alloys based on nickel and iron are prone to embrittlement under high neutron flux.
        Corrosion risk.
        As a breeder reactor, a modified MSR might be able to produce weapons-grade nuclear material.
        The MSRE and aircraft nuclear reactors used enrichment levels so high that they approach the levels of nuclear weapons. These levels would be illegal in most modern regulatory regimes for power plants. Some modern designs avoid this issue.[70]
        Neutron damage to solid moderator materials can limit the core lifetime of an MSR that makes moderately fast neutrons. For example, the MSRE was designed so that its graphite moderator sticks had very low tolerances, so neutron damage could change their size without damage. “Two fluid” MSR designs are unable to use graphite piping because graphite changes size when it is bombarded with neutrons, and graphite pipes would crack and leak.

        Liked by 2 people

    • El Torito says:

      When people tell me to THINK in caps, I stop reading the post.

      Liked by 1 person

    • Blacksmith8 says:

      Any way you could get some kind of reactor to power a plane?

      Liked by 1 person

  12. TheCrow says:

    I’m confused. If socialism is superior to capitalism shouldn’t the United States be trying to borrow money from Venezuela rather than the other way around?

    Liked by 15 people

  13. Scavenger says:

    That Pic of Maduro. He looks a lot like Stalin. Probably not a coincidence.

    Liked by 3 people

  14. mikebrezzze says:

    Maybe they can sell their zoo animals for profit, oh that’s right , the peasants ate all of the freaking animals! 😁😁😁

    Liked by 3 people

  15. marcyo13 says:

    Hard to blame the uneducated peasants of Venezuela for falling for the siren song of socialism. I live in a college town where all the airheads are still “Feeling the Bern”. Wish they’d go to Venezuela and really feel the burn of socialism.

    Liked by 12 people

  16. FL_GUY says:

    Remember how the hollyweird crowd and the D-Rats praised Chavez and Venezuela? That is a perfect example of their stupidity and short sighted outlook. Even during the primaries, Bernie was praising the wonderful system of Venezuela and wanted to bring it here. Of course, the D-Rats never met a dictatorship they didn’t love because THEY would like to have that absolute power. D-Rat control leads to destruction and death, just look at Detroit and Chicago. How ANYONE can vote for a D-Rat just baffles me because they stand for outcomes like Venezuela.

    Liked by 8 people

    • Grandma Covfefe says:

      I think it is because they all have oil stocks, directly or indirectly. These people love power and MONEY. Hollywood ‘Gods and Godesses’ are addicted to MONEY and being worshipped.

      Like

    • piper567 says:

      FL_Guy…just a reminder that a female presstitute very recently implied POTUS seemed to have superior relations with dictators.
      Yet another example of their shameless projection.

      Liked by 2 people

      • maiingankwe says:

        Huh, she might have gotten her brain dysfunction from Bernie. One of his recent tweets claims our President hasn’t met an authoritarian he didnt like. He’s of course referring to his great success on his Asian trip.

        Oh, and he went on to say our President does not adhere to our Constitution or some such thing.

        I found this at the Gateway Pundit yesterday I believe. Yup, just double-checked, November 12th. They must’ve gotten their weakly talking points from their master.

        Liked by 1 person

    • Janie M. says:

      FL_GUY, had to post this…

      Liked by 2 people

  17. Grandma Covfefe says:

    Excellent sensible winning article, Sundance. Thru cutting oil prices, President Trump has made the world’s troublemakers powerless.

    Ok. I may be opening up a can of worms or….. a can of covfefe ice cream.
    This would be about oil stocks here.

    If the price of oil goes down, then people with oil stocks will lose money, right?
    I’m trying to keep a straight face here, but I wonder how many Congresspeople have oil stocks.
    Is this why the oilmen Bushies are extra PISSED off?
    Deep State? Soros? Donohue? Dems? GOPe? MSM? Globalists? European Union? Do they all have oil stocks, and/or depend on them? Did they all set up a system in the oil world, that would guarantee a lifetime revenue for themselves?
    Did President Trump, Tillerson, Ross, and Mnuchin see that over the decades, and decided to use it as MOAB leverage, to help drain the DC Swamp as well?

    Liked by 7 people

    • Grandma Covfefe says:

      Forgot to add Hollywood to the list.

      Liked by 1 person

    • Orygun says:

      Great comment! As they like to refer to Petrodollars, I would think our President is messing with their wallets, ha ha. They have messed with ours enough.

      Liked by 2 people

      • Grandma Covfefe says:

        LOL-I forgot about the word ‘Petrodollars.’ That is so right. The MAGA Dream Team is really messing with their wallets. Looks like we may have the last laugh after all. Lol! I wish I could post ‘Redd Foxx and his friends laughing so hard and slapping their knees’ gif here.

        Like

    • Risa says:

      Trump hasn’t “cut” oil prices, prices have risen slightly and stabilized because of the improving economy.
      As for the Bushes, they are heavily invested in Green Energy.

      Like

  18. Maduro was trying desperately to get one of his trading partners to pony up with a large loan. It looks like they all said no. Without the suckers in the US (last administration) being willing to loan (aka give) money to them they are very limited on options.

    Like

  19. wheatietoo says:

    It hurts our domestic producers if Oil Prices go down a lot.
    And as an Oil & Gas Exporter…we need the price of oil to stay about where it is now.
    It stimulates Job Growth.

    The OPEC countries have a base price of around $10/barrel.
    Our domestic producers have a base price of around $30-35/barrel.
    A price war doesn’t help us, nor does it help the OPEC countries since their whole economies are dependent upon their oil exports.

    The thing that affects US consumers the most…is the price at the pumps.
    We’ve had a shortage of Refineries for years, because of govt regulations.
    This has caused our gas prices to be higher than they should be.

    Pres Trump has approved 11 new refineries to be built.
    When these are online…we will see relief at the pumps.
    This will be a huge boom to our economy, too.

    Venezuela’s suffering is a glaring example of how Socialism always fails.
    Govt price controls on Food Prices have killed their food availability…because food producers cannot afford to sell at the prices the govt has mandated.

    Another problem there, is that most of the people in Venezuela still think that socialism is a good thing.
    They just think that their current leaders are corrupt and have squandered all the money on luxuries for themselves.

    Hopefully the Venezuelan people will realize that Socialism is the Problem.

    Liked by 7 people

    • Kent says:

      The USA should NEVER sell a single barrel of oil…(I think that oughta be a law..oops…wait a minute? It was)…

      Have you ever seen a refinery being built or majorly upgraded?

      I have…the amount of economic activity is just beyond comprehension.

      It’s massive….the paychecks going to the skilled construction workers…the paychecks going to those LEARNING their skills…..

      the engineering….safety…inspectors and material suppliers…it’s beautiful.

      Pizza…and sandwiches….gasoline and diesel…school clothes and home renovation expenditures and everything else people buy when the have good paying jobs and can provide for their families and loved ones…

      It truly does ‘trickle down’….more like a spring thaw at times.

      Our energy sector could easily, without a single dollar of taxpayer expenditure other than not being taxed out of existence, put BILLIONS into our economy and into our GDP by simply turning business loose…

      Loosen up those reins and let that mare run…she can do it…she’s built to run…that’s what she was created to do.

      Loose the prowess of the American people on the energy industry…export ONLY refined products…

      I think our President mentioned that on the campaign trail………………………..

      Liked by 4 people

    • maiingankwe says:

      Thank you Wheatietoo, I just paid, $3.25 a gallon this evening. Well, okay, until I put my store card in and got .40 cents off a gallon. I was happy for that.

      Last year when we had purchased our kitchen table/chairs and other household items along with groceries we had a $1.00 off a gallon. So, we put my empty vehicle behind his empty truck and filled them both up. We saved thirteen dollars and something on mine and who knows on his and we both acted as if we won the lottery.

      Liked by 1 person

  20. fleporeblog says:

    Our VP is going around the globe 🌎 getting countries to buy our LNG. What I found is amazing. However, what I realized is that this revolution is truly in the beginning phases because we only have one company that has the ability at this point to finalize the LNG process and get it on ships 🚢 to get delivered throughout the world. The exciting part is that more and more areas will be able to do the same in the next few years (see the expansion below).

    https://www.wsj.com/amp/articles/coal-makes-a-comeback-1502926053

    From the article linked above:

    Growing pipeline networks have boosted gas exports to Mexico and are providing new domestic outlets for gas trapped in the Marcellus and Utica Shales. Pipeline export capacity to Mexico is expected to nearly double by 2019. Several interstate pipelines are under review to deliver gas to the Midwest, eastern Canada and Gulf Coast for export. Liquefied natural gas exports have increased six-fold in the last year, and five new terminal projects are expected to be completed within three years. While coal and natural gas compete as electric power fuels, they can both prosper if energy markets expand.

    Ukraine 🇺🇦 and our Coal:

    https://www.rt.com/business/398197-ukraine-us-coal-agreement/

    From the article linked above:

    Ukrainian state-owned energy firm Centrenergo has signed a contract with America’s Xcoal Energy & Resources to supply 700,000 tons of coal to Ukraine this year.

    “This contract was signed in fulfillment of the agreements between the presidents of Ukraine and the United States reached during our president’s visit to America in June,” said Centrenergo head Oleg Kozenko.

    The US company will deliver 700,000 tons of coal, sending a ship or two each month till the end of the year. Kozenko added that thanks to American coal, Kiev hopes to get through the heating season of 2017-2018 without a problem.

    Poland 🇵🇱 and our LNG (this has the potential to expand massively {include 10 additional Eastern European countries} for political reasons):

    https://sputniknews.com/business/201708111056388555-poland-lng-discounts-nonsense/

    From the article linked above:

    “Poland suddenly declared Russian gas — which it has purchased for decades — to be of poor quality. This is difficult to understand because Germany is happy with everything, but the Poles suddenly don’t like the gas for some reasons. But the pipeline gas will always be the cheapest,” the expert said.

    At the same time, Polish President Andrzej Duda declared that the country could become a hub through which American LNG would enter Central and Eastern Europe. According to him, this issue was raised at the talks with US President Donald Trump in early July.

    South Korea 🇰🇷 and our LNG:

    https://www.upi.com/US-now-supplying-LNG-to-South-Korea/4421498470782/

    From the article linked above:

    Korea Gas Corp. and Cheniere Energy commenced a 20-year sales agreement to ship U.S. gas during the weekend.

    June 26 (UPI) — A gas company from Korea, one of the largest buyers of liquefied natural gas in the world, said it commenced a sales agreement with a U.S. supplier.

    The Korea Gas Corp. commenced a 20-year sales and purchase agreement with Cheniere Energy Inc., which operates the only facility in the United States with the permits necessary to export super-cooled LNG.

    China 🇨🇳 and our LNG:

    https://finance.yahoo.com/news/cheniere-energy-boost-lng-export-230311569.html

    From the article linked above:

    Houston-based natural gas exporter, Cheniere Energy, Inc.’s LNG shares rallied more than 3.3% on May 12 to close at $48.68, following President Donald Trump’s recent trade deal with China. The deal aims at bolstering U.S. trade access and exports to China, including LNG exports, which will pave way for Chinese importers to secure LNG contracts from US suppliers.

    Until now, Chinese buyers did not purchase long-term LNG supplies from the U.S. directly. This deal will help the developers to target Chinese buyers directly and is also likely to support direct Chinese investment into liquefaction and upstream developments in U.S.

    Lithuania 🇱🇹 and our LNG:

    https://oglinks.news/article/3fa198/lithuania-will-buy-more-lng-shipments-from-us

    From the article linked above:

    United States Vice-President Mike Pence said in Tallinn on July 31st he was convinced that the shipment of liquefied natural gas (LNG) purchased by Lithuania from the US would be one of the many in the future, informs LETA/BNS.

    Speaking at a joint news conference with the presidents of the Baltic States, Pence stated that the shipment due to arrive in Lithuania in August would contribute to boosting regional energy security and stability.

    “The president and I were pleased to see a Lithuanian firm’s recent decision to purchase LNGfrom the US. And when the first delivery occurs next month it will benefit not only our prosperity, but it will contribute to regional security and stability,” said the US vice-president.

    France 🇫🇷, United Kingdom 🇬🇧 and Germany 🇩🇪 and our Coal:

    https://www.wsj.com/amp/articles/coal-makes-a-comeback-1502926053

    From the article linked above:

    This is all horrifying to the climate-change lobby, but they might note that U.S. coal exports are rising to countries that claim climate-change virtue. Exports to France increased 214% during the first quarter of this year amid a nuclear power plant outage. Other European countries like Germany and the U.K. are utilizing U.S. coal to stabilize unreliable renewable sources and make up for electric capacity lost from the shutdown of nuclear plants. First-quarter coal exports were up 94% to Germany and 282% to the U.K. Et tu, Angela Merkel?

    Ireland 🇮🇪 and our LNG:

    http://www.energydigital.com/oil-gas/nextdecade-and-port-cork-develop-lng-terminal-infrastructure-ireland

    From the article linked above:

    American natural gas firm NextDecade has signed a Memorandum of Understanding (MOU) with the Port of Cork to develop a new Floating Storage and Regasification Unit (FSRU) and associated LNG import terminal infrastructure in Ireland

    Under the terms of the MOU, the potential development at the Port of Cork would receive LNG from NextDecade’s planned Rio Grande LNG project in South Texas. Estimated worth €338 million euros, or almost $400 million dollars.

    Liked by 5 people

  21. Gov Jay says:

    Maybe they should hire wannabe commie Bernie Sanders as a consultant… he can then help them transition to “democratic socialism” (whatever that is)… LOL!…

    Liked by 2 people

  22. Sylvia Avery says:

    PDJT is turning out to be the most amazing President. I cannot even believe how smart he and his band of Wolverines are. I’m awfully glad he’s working for me and not against me. I wouldn’t want him for an enemy.

    Liked by 8 people

  23. daughnworks247 says:

    Can’t think of another President who ever used our economic might so skillfully.

    Liked by 7 people

  24. Kent says:

    Note to Venezuela…

    when you no longer have the credit to SELL something…

    YOU DONE SCREWED THE POOCH!

    a spectacular failure of ‘socialism’…(once again)…

    any questions?

    Liked by 2 people

  25. decisiontime16 says:

    Maduro looks well fed while the people are starving. Typical.

    Liked by 1 person

  26. Kent says:

    Maduro pretty much presents as an idiot…as if giving speeches, in his case, is somehow important and productive…but that’s his role?

    The REAL problem child of Venezuela appears to be Tareck El Aissami ….

    A simple google search will provide much useful information to the reader…

    I will attempt a link to said google search….wish me luck…if it doesn’t pass muster it’s really easy to research…just plug in his name.

    https://www.google.com/search?source=hp&ei=jFIKWtHDIsHKmwHe07iwBA&q=tareck+el+aissami&oq=tareck+&gs_l=psy-ab.1.0.0i131k1j0l4j0i10k1j0l4.2207.5959.0.8974.7.7.0.0.0.0.914.2007.2-1j0j2j0j1.4.0….0…1.1.64.psy-ab..3.4.1999….0.-t_t9LQdHS4

    dude is bad news….

    Liked by 2 people

  27. Adam says:

    The non coverage that the media is giving on this strategy, may be PDJT’s secret weapon. While PDJT has proven to withstand the MSM on social garbage. The MSM cannot keep up on the main agenda. The MSM will come to realize this too late. They will be the key enablers in providing cover for PDJT to execute like a BOSS!

    Liked by 1 person

  28. Blacksmith8 says:

    When that doofus in Venezuela nationalized the oil rigs and fields, I told people then ‘they are going to crater’
    That little despot didn’t realize the only people in his country that bothered to run the oil pumps and refineries worked for oil companies in the U.S.
    He ran them off and his country dove off the cliff at the same time.

    Mama always said stupid is as stupid does.

    Liked by 4 people

    • This is why socialism has never, and WILL never work.

      When Castro nationalized all the diary farms and dairy production went down, he actually commanded all the farmers to order all the cows to produce more milk…..LOL.

      These people are not pragmatic thinkers. You cannot socialize any production wherein you do not control the price of and the manufacturing process of every item that goes into that production, and no country is 100% self sufficient in all areas.

      There would have been no way that the low-level employees of these huge oil companies could have maintained these oil rigs without the input of the engineers that designed them, the foreign firms that manufacture the parts and so on.

      Like

  29. sundance says:

    Like

  30. sundance says:

    Liked by 1 person

  31. Jedinovice says:

    Interesting that the US is planning on shipping coal to the UK.

    The old country (that I never forget to daily thank God I escaped from) closed down the coal mines and power stations and plastered wind turbines everywhere leading to exponentially increasing fuel bills and eventual import of gas from Russia.

    Does this indicate that the UK is bowing to sense and reality at last?

    Naw. This is the UK we’re talking here. The country is totally insane in almost every possible way and, if there was any real sense, the country would have re-opened the local coal mines. Clearly they have not done that.

    Thank you Jesus for leading me out! No satire in that last statement! I am genuinely grateful.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s