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Say_What Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 12:24 PM
Original message
Venezuela increases proven oil reserves.
PDVSA increasing oil output. Following an analysis about USSA propaganda and dirty tricks against Venezuela.


<clips>

Venezuela's state-run oil company increased its proven oil reserves by 192 million barrels after drilling at two fields in eastern Venezuela, the company said in a statement this week.

Petroleos de Venezuela S.A., or PDVSA found 132 million barrels of crude after drilling two new wells at the Tacata field in Anzoategui state and discovered another 60 million barrels of oil reserves at the Chaguaramal field in Monagas state after drilling an exploratory well.

PDVSA has plans to invest 5 billion US dollars in 2005 in exploration and production. The company claims it is pumping over 3 million barrels a day of oil, but industry estimates put the figure closer to 2.6 million barrels per day.

http://www.falkland-malvinas.com/Detalle.asp?NUM=5362
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<clips>

U.S. Aggression towards Venezuela: The Rise of Black Propaganda and Dirty War Tactics (Again)

Washington’s efforts to discredit the Venezuelan Government have increased over the past few weeks. Tactics and strategies applied in prior years attempting to overthrow the Chávez administration through a coup d’etat, an illegal oil industry strike that crippled the Venezuelan economy and a constitutional recall referendum on Chávez’s mandate infused with illegal campaign contributions by the U.S. government to the Venezuelan opposition, all failed miserably. After a brief period of reevaluation, the Bush Administration has recently launched a new strategy intended to isolate and eventually topple the Venezuelan Government. The new aggression towards Venezuela is direct, open, public and hostile. The Bush Administration, through its Secretary of State, Condoleezza Rice, and her spokesmen, its Secretary of Defense Donald Rumsfeld and his spokesmen, and the Director of the Central Intelligence Agency (CIA), Porter Goss, has made clear that Venezuela is a target for Washington this year.

This time around, the strategy is clear: turn President Chávez into an international pariah in the world media and justify an intervention to save democracy. Even more transparent are the mechanisms utilized to implement the strategy. Since early January 2005, major U.S. publications and television stations, including the Washington Post, Wall Street Journal, Los Angeles Times, Miami Herald, Fox News Network and CSNBC, to name a few, have published or broadcast well over 60 articles and programs regurgitating State Department accusations that President Chávez presents a “negative force in the region,”<1> is a “threat to democracy,” a “semi-dictator,” or that the Venezuela Government provides refuge and collaborates with “terrorist” groups, such as the Colombian FARC and ELN. Such accusations are dangerous in today’s world, where the Bush Administration is omnipotent to act preemptively to “spread liberty” and implement “regime change” where and when it sees fit.

The new strategy applied towards Venezuela represents a major policy shift for the Bush Administration. While prior actions were more subtle, clandestine and low profile, the revised plan is confrontational. Washington is now trying to openly intervene in Venezuela to remove Chávez from power, but attempts to excuse such actions by branding Chávez as a dictator and a major threat to U.S. national security. Several recent articles in U.S. media have demonstrated such objectives.

The April 11, 2005 edition of The National Review, an ultraconservative magazine representing right-wing views similar to those of Washington’s ultraconservative right-wing government, presents a cover image of President Chávez, in military fatigues, a red beret and a face ten years younger, alongside President Fidel Castro of Cuba, with the byline, “The Axis of Evil…Western Hemisphere Version”. The feature article, by rabidly anti-Castro Cuban-American Otto Reich, former Special Advisor to George W. Bush on Latin American Affairs and former Assistant Secretary of State for Western Hemisphere Affairs, along with a list of other top positions in the Reagan, Bush I and II administrations, presents an attempt to terrorize readers into believing Venezuela has become the primary threat to U.S. national security in the region. Reich also claims that the U.S.’s most “pressing specific challenge is neutralizing or defeating the Cuba-Venezuela axis.”<2>

http://www.venezuelanalysis.com/articles.php?artno=1409

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sui generis Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 12:28 PM
Response to Original message
1. Clearly we must invade
all your oil are belong to us! Why, they could sell that oil and buy weapons of mass destruction. Here, lookie this yella cake we got from Betty Crocker, I mean, Venezulistan.
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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 12:28 PM
Response to Original message
2. Heavy crude? High-sulfur crude?
Edited on Wed Mar-30-05 12:30 PM by hatrack
It'll be interesting to see just what kind of oil they're talking about, assuming that this pans out.

On edit: It's also worth noting that 132 million barrels isn't all that much oil.
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htuttle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 12:38 PM
Response to Reply #2
4. It's probably rather heavy oil
Edited on Wed Mar-30-05 12:39 PM by htuttle
Anzoategui state is in the north eastern part of Venezuela. It looks like it's very near the Orinoco 'tar sands'. I've read that they are exploring making some sort of synthetic crude out of the heavier stuff (for $$$$). I think China is buying it in the form of 'Orimulsion' (a tar based fuel, they tell me) to use in boilers.

It's probably not 'light sweet crude', however. Most of Venezuela's oil is 'sour' and heavy.

on edit: After reading the link below, I was wrong. It's medium/light crude. Lucky them!
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Say_What Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 12:52 PM
Response to Reply #2
6. 132 mln is just a start. Earlier this month when Chavez was signing deals
all over Asia and the ME, he stated that Venezuela would increase production from its current level of 3.1 million barrels per day to 5 million barrels per day.

You can look in the archives for more information--we discussed all this in depth at that time. :)


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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 12:37 PM
Response to Original message
3. Seems to be "medium" and "light" crude:
PDVSA Finds 192 Million Barrels of Medium, Light Crude

http://www.slb.com/news/story.cfm?storyid=626391
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orwell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 12:51 PM
Response to Original message
5. Perspective
Edited on Wed Mar-30-05 01:06 PM by orwell
To put it in perspective, 192 million bbl is about 2.5 days of current world oil demand.
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