Russia barely got out from Obamas sanctions by selling to China nearly at-cost so their country wouldnt be totally fucked.

The Saudis get propped up by us and their population already lives like shit.

Lots of other factors at play than diversifying, although thats the strategy to long term success.

Still, Russia and Saudi-Arabia are surely no model countries, neither in terms of economic policies nor in terms of their society, and yet they both were able to somehow cope with the low oil price. Venezuela, by contrast, got completely wrecked.

shocking racism right there

Gusanos love to shit talk leaders who take away their slaves and plantations. They get chased out of the country, then pretend they were targeted based on ethnicity or religion.

The reality is they're greedy, evil, inhumane scumbags who are lucky they weren't lined up against a wall and shot for crimes against humanity.



Singapore has a larger public sector than Venezuela.

There's a socialist party in charge but that doesn't mean they've gone full communism. It's like just because the U.S. ha(d)s all 3 branches of government controlled by conservatives doesn't mean we're a theocracy with a completely laissez faire economy with zero corporate regulations.

They produce a different kind of oil. The margins for KSA light sweet is much different from heavy Venezuelan... their extra-heavy crude oil lies in the range 1000–5000 cP.

Singapore has a flat income tax of 15% and absolutely no capital gains tax; it is one of the most economically free countries on earth. Try again.

Your reading comprehension is awful. You do know what the public and private sectors are?

Wait, no. No you do not. Apparently you think the public sector is based on taxes lololllol

This post was edited by sylvannos on Nov 11 2018 12:39am

Sounds like the Venezuelans are an inferior race of people who need to be colonized for their own good

ftfy!

This post was edited by Black XistenZ on Nov 11 2018 10:52am