Stupid World

[Akzle]

the witless

...and right on cue, the Jaapie/Rasta/Hippie Village Idiot.

q.e.d .

[Brian d marge]

*the last defence of the witless

Give the poor cupcake a break

It's an epic climb for him between sarcasm and wit

Ed Hilary got a medal for less

I mean he is still waiting for the crumbs from the last supper to trickle down

I haven't had the heart to tell him about Santa

sent for a divine source

[mashman]

The Game Changed in Venezuela Last Night – and the International Media Is Asleep At the Switch

[Banditbandit]

The Game Changed in Venezuela Last Night – and the International Media Is Asleep At the Switch

2014 story .. what's happening now ???

[Katman]

http://www.bbc.com/news/world-latin-america-35636738

And by all accounts it's been going on for a while.

http://www.theguardian.com/environme...eaders-in-lima

[mashman]

2014 story .. what's happening now ???

Not much.: Venezuelan petrol prices rise by 6,000 per cent

"Nicolas Maduro has announced a hike in petrol prices in a bid to keep the economy afloat, as food prices rise 315 per cent in a year".

[Banditbandit]

Not much.: Venezuelan petrol prices rise by 6,000 per cent

"Nicolas Maduro has announced a hike in petrol prices in a bid to keep the economy afloat, as food prices rise 315 per cent in a year".

[husaberg]

Not much.: Venezuelan petrol prices rise by 6,000 per cent

"Nicolas Maduro has announced a hike in petrol prices in a bid to keep the economy afloat, as food prices rise 315 per cent in a year".

Why not mention it was actually the first petrol price increase in 17 years Mashy?


But wait what was the petrol price

Today, PDVSA, Venezuelan state owned company, spends US$1.7 billion in direct costs of importation of gasoline, and subsidizes all sales of gasoline in the internal Venezuelan market. The sale price of gasoline is US$0.015 per liter, on a fixed price in the local currency that has been in effect since 1997. Given the low price of gasoline, it is distributed free of charge to gas stations.

That price was 1.5 cents per litre.

The economy of Venezuela is largely based on the petroleum sector and manufacturing.Revenue from petroleum exports accounts for more than 50% of the country's GDP and roughly 95% of total exports

They seem to have all their eggs in one basket and the basket has been leaking like a sieve for a large number of years.
I am pretty sure they couldn't afford to subsidise petrol by 1.7 Billion US per year, Consider that we pay substantial tax on every litre of fuel we use in NZ.

[carbonhed]

Why not mention it was actually the first petrol price increase in 17 years Mashy?

They seem to have all their eggs in one basket and the basket has been leaking like a sieve for a large number of years.

But wait what was the petrol price


That price was 1.5 cents per litre.

Six Bolivars per gallon is about 30c a litre... I think... after a couple of glasses.

[husaberg]

Six Bolivars per gallon is about 30c a litre... I think... after a couple of glasses.

No idea I just googled It?
I was more interested in what it was previously.
https://en.wikipedia.org/wiki/Gasoli...ge_and_pricing

In the article it says

Venezuela has the largest oil reserves in the world, and still has the cheapest petrol in the world. Prices at the pump for 95 octane gasoline will rise from 0.097 bolívars to six bolívars (66p).

Even with there formally lucrative oil industry, AT 30C US its likely not that sustainable for them.

[Ocean1]

Why not mention it was actually the first petrol price increase in 17 years Mashy?

Didn't you see the label on the door on the way in?

[carbonhed]

AT 30C US its likely not that sustainable for them.

30c NZ.

+ 10 other random characters ....

[Brian d marge]

Didn't you see the label on the door on the way in?

And found you

sent for a divine source

[husaberg]

30c NZ.

+ 10 other random characters ....

Well Shucks, it even less sustainable isn't it.
How is the NZD doing vs the US Paso?
$1 US vs $1.50 NZ.

[Brian d marge]

So gas prices went up , the currency was devalued ....

Life has to be peachy for the common folks .....

But don't worry the prez made a new office

Vice Ministry of Supreme Happiness

All good then ain't it ......

sent for a divine source