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Venezuelan real salary has fallen 89.9% by March

Thursday, January 19, 2017

ExxonMobil’s Guyana Gambit Is A Good Reason Why Tillerson Is Trump’s Secretary Of State Pick

Is Guyana being exploited? Hardly. Because of the socialist stupidity of the Venezuelan government, what Guyana is going to get is all the onshore infrastructure to service the wells in the Stabroek play that might otherwise be based out of Venezuela. We’re talking about a country with a population of just 800,000 people, 118,000 of whom live in the capital city of Georgetown. That burg will become a colossal boomtown in virtually no time, and the whole country is likely to blossom as a result of that oil wealth, with jobs and capital flowing in and spinning off growth in a whole host of auxiliary industries – construction, housing, tourism, petrochemical, shipping, you name it. Rex Tillerson will have all but created a first-world country out of nothing, and that’s his revenge on the commies in Venezuela – who ran out of toilet paper two years ago and are dumpster-diving for food. More…

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