SANTO DOMINGO.- Dominican Government will request 50,000 barrels of crude per day within the Petrocaribe accord, from the 30,000 barrels it receives from Caracas, said Hacienda minister Vicente Bengoa, who’ll fly Friday to Maracaibo, Venezuela to meet with the energy ministers from the countries in the pact.
President Leonel Fernandez will participate in the gathering slated for the weekend, Bengoa said.
Dominican Republic now has the capacity to receive that amount of petroleum it will seek from Venezuela, since the State already owns all shares in the Dominican Petroleum Refinery. The country initially received 25,000 barrels through Petrocaribe, amount which then rose to 30,000 barrels.
The country would receive 25,000 barrels on credit per day if the proposal is approved, since the price per barrel is over 100 dollars, and the Agreement states that in that circumstance the country has the right to finance 50 percent of Venezuela’s supply. Before petroleum reached 100 dollars the country financed 40 percent of Venezuela’s crude.
Government income via Petrocaribe has jumped 165 percent this year, from RD$2.9 billion the first half of 2007 to 6.0 billion in the same period this year.
SOURCE: HOY.COM.DO
From: Spain, Sanlucar de Barrameda..Coto Doñana
No problem.... nutty hugo is so insecure and in need of friends that lionel should be able to skin this rube good....Lionel bring back a couple suitcases full of money with you as well ,he is giving it away until the coup...hurry and get it...you will never have to pay it back...When they ask ,just tell em.....Try and collect and So sue me
From: Dominican Republic, Cabrera, M.T.S.
More oil to make sure that all the bloody SUVs have enough gas. When will people realized that SUVs are a major source of our fuel problem and int'l debt? More than the image of conspicuous consumption, specially for people in the city, the environmental and economic problem these horrible vehicles cause for the country.
I came up with a great study, which I don't have time to do, but I encourage Dominican Today or any other reader to do and report back to us. That is, conduct a random survey of gas-stations, to see how much gasoline goes towards: 1) motocycles, 2) Cars, 3) SUVs, 4) Pickup Trucks, 5) Trucks.
The way I would design this study is: identify gas stations in different parts of the country (both city & rural); talk to gas station managers to see if they want to participate; then spend a day collecting the data or have the gas station collect the data for you.
I'm sooo curious which type of vehicles consumes more. My money is on SUV - AKA the devil's car!
Written by: Belial, 8 Jul 2008 11:37 AM
From: United States, Texas
It's highly likely that Venezuela will raise quotas for Petrocaribe members who have the guts to stand up to the imperialist oil companies and take the necessary steps to receive more oil.
In the DR, the oil refining was in the low-down and dirty, hands of the imperialist Shell Oil Company, a 50% stakeholder exercising total authority over the only local refinery under an exclusive management service contract, initally refusing to accept or refine Venezuelan oil.
The bourgeois state under LF, belatedly exercising its soveriegnty, bought Shell's 50% stake, cancelled Shell's fraud-riddled management contract, and commenced the process of expanding and diversifying the refinery capacity of the facility.
Lamentably, some Petrocaribe members still grovel like dogs before exploitative and imperialist oil companies. Thus, they can't take full advantage of Petrocaribe's possibilities.
Will DR bring something to the table or will DR show up with a Brazil-type hustling mentality?
From: Spain, Sanlucar de Barrameda..Coto Doñana
LuLu discarded hugo like a used rubber....so long sucker....you hayseed
Written by: Belial, 8 Jul 2008 12:11 PM
From: United States, Texas
Petrocaribe is profitable on only the 50% cash portion of Perocaribe deals. The 50% credit portion adds to profit from the cash portion.
The Venezuelan cost of production of a barrel of oil ranges between $15 and $25, depending on the grade produced. And 50% of a speculative market price of about $130 per barrel results in barrel price of about $65 for the cash portion of the deal. Thus, on the type of oil that is mostly costly to produced in Venezuela ... $25 a barrel type ...the cash portion of Petrocaribe deal yields a GROSS profit of about 160% or $40/$25. Imperialist parsites still grab a piece of the action even after Venezuela's efforts to remove them from its oil industry. So, Venezuela pockets NET profit of something like 120% on the cash portion of Petrocaribe deals.
Written by: Belial, 8 Jul 2008 12:29 PM
From: United States, Texas
Any fool can see imperialism intends for hegemonic ends to destroy systematically the economies of underdeveloped countries, like the DR and other Petrocaribe members. with imperial oil, food, water, AIDS, trade and military policies.
Through Petrocaribe and other initiatives, Venezuela lends a helping hand to these victims of relentless and merciless imperialist aggression, espcially from the extremely vicious and degenerate US imperialists.
Venezuela's friendly and disinterested cooperation in energy and in other spheres with underdevelped countries that are targets of the economic warfare of the imperialist cabal brings down on Venezuela the vile and bestial wrath of the bourgeois scum, especially that of George W. Bush, exercising state power in big capitalist and imperial countries.
When Venezuela helps countries under genocidal and imperialist attack, Venezuela pisses in the imperial soup.
Written by: anthonyC, 8 Jul 2008 3:12 PM
From: United States
conduct a random survey of gas-stations, to see how much gasoline goes towards: 1) motocycles, 2) Cars, 3) SUVs, 4) Pickup Trucks, 5) Trucks.
Baldoria,
If you believe that oil is only used to fule vehicles then you have a lot to learn.
Also I would venture to guess that if you actually did do that survey you would be surprised to learn that large SUV use only a small percentage of the Oil consumed by vehicles in the D.R.
From: Dominican Republic, Cabrera, M.T.S.
Hey AC, I do need a lot to learn :-)
few points to get a good dialogue running:
1. I said SUVs were a major source of our fuel problem, not the ONLY. God knows we use oil in almost everything - e.g. plastic bottles, jelly. But learning more about SUV consumption will highlight a potential way we can decrease our oil use & debt.
2. THe survey, since I have a lot to learn, this research project would be SOOOOOO key to help me better understand the oil situation. For example, publi transport is always blamed for a lot of our oil problems, but no one ever mentions the SUVs. So lets see if SUVs are a problem with our gasoline/gas-oil/gas consumtion. I hope you're right and SUVs that get 10-15 miles/gallon don't represent a huge percentage of consumption.
The more we learn, the better we can design programs to address these types of issues.
From: Dominican Republic
The Dominican mentality is slow to change, regardless of the price of oil or gas...the dirvitive of oil. A drive back from Santo Domingo to Punta Cana yesterday on the bus allowed me to view a fair share of car lots...um...I mean...SUV lots. I swear that the SUVs for sale outnumber the cars 10 to 1....not a joke...and we are not talking RAV4's and CRV's...we are talking heavy metal with low fuel economy. Even a Prado diesel...considered to be a leader in mileage only averages 18 mpg driven sanely...but who in this country does not drive thier SUV with thier foot to the floor???
SUVs say to everyone...look at me.....I have no money left.....but I look good! Just like Razor Phones, Gucci Bags and sound systems loud enough to drown out The Who...circa 1971.
Its the "look at me" factor.
Written by: anthonyC, 8 Jul 2008 7:45 PM
From: United States
Baldoria?
What is the DR's Oil Problem anyway?
The only problem I see is that Gasoline and Diesel prices are artificially low due to Government subsidies and control. Private the Oil Industry in the D.R. and your problems vanish.
From: Dominican Republic, Cabrera, M.T.S.
AC - DR's oil problem is the same as all other poor oil-importing countries:
1. Increased International Debt
2. Increased inflationary pressures
3. decreased development options, b/c we're spending resources paying more for oil and investing less in social programs and public services
As for other problems:
1. Environmental degradation - try breathing the air in Santo DOmingo during Rush hour
2. CLimate change
3. SUVs are more dangerous b/c accidents are more serious when SUVs are involved. The people in the SUV may be safer, but the other people are screwed!
4. Roads are more "taxed" b/c SUVs are heavier so the roads wear-down more
SOrry I slipped in to my anti-SUV rantings. They are just another example of how many dominicans opt for private solutions to deal with public problems.
Well, if you don't think the DR has an oil problem, just read what the government, UNDP, and so many other people are saying. All my points are far from original.
From: United States
another sage set of observations from PuntaCanaMike. as long as i look good, all is well. my transportation has to be very blingworthy, even though i am paying 60% interest on the loan and i have to steal my electricity to keep the bulbs on. look at me; my shoes glisten, the ride sparkles, and i have American ghetto chic designer shirts. i will worry about gas prices mañana.
From: United States
the tone of behaviour of a society is set from above. when Jimmy Carter was president of the USA, as early as 1979 he had solar panels on the roof of the white house. his aim was to reduce dependency on fossil fuels and their derivatives by 20% by the start of the 21st century. then came Reagan, and his first act was to take the panels down. you remember Reagan; the rugged individualist, the man who preached the gospel of ¨every man for himself¨, God for us all, Devil take the hindmost...free market, laissez faire, make big bucks if you can, and screw everyone else while you are at it...Well, the chickens have come home to roost. maybe Jimmy Carter saw something that Reagan was too stupid to forecast. Leonel, i hope you are listening...it is time to set the tone. time is running out, in case you have not noticed!!
From: Spain, Sanlucar de Barrameda..Coto Doñana
Terrorism we knew all about terror during the Carter administration 19% inflation thats terror....In what was otherwise known as the Souths revenge for Shermans March to the Sea...
From: United States
and your point is?
From: Spain, Sanlucar de Barrameda..Coto Doñana
Carter times were bad times.... they sucked
From: Spain, Sanlucar de Barrameda..Coto Doñana
overseas they say America is not liked ...during Carters time they laughed at us
From: United States
and i guess we are now living in beds of roses. try telling that to the homeowners who are standing guard at their doors, waiting for the marshal to evict them. tell that to the 30% more people who have declared bankruptcy this year than last year. how about the kids who cannot get student loans? oh yes, what about detroit? at least when Carter was president , they made cars there. and USA made TVs, stoves, etc. and guys could still afford to fill the tank! Carter got blindsided by the oil crisis of the 1970s, while bush helped to cause the current one!
From: United States
know what, Goulet? i rather some dude laughing at me than another trying to blow my ass up! better to be thought funny than hateful and disgusting!
From: Spain, Sanlucar de Barrameda..Coto Doñana
I remember the time that Catherine, one of my oldest daughter's
friends when she was little, told me that she wanted to be President
one day. Both of her parents are liberal Democrats and were standing
there with us - and I asked Catherine, 'If you were President what
would be the first thing you would do? Catherine replied,
'I would give houses to all the homeless people.'
'Wow, what a worthy goal you have there,Catherine,'
I told her. 'You don't have to wait until you are President to do
that, you can come over to my house and clean up all the dog poop in
the back yard and I will pay you $5.Then we can go over to the grocery
store where the homeless guy hangs out,and you can give him the $5 to
use for a new house. Catherine, who was about 4, thought that over
for a second, while her mom looked at me, and Catherine replied, 'Why
doesn't the homeless guy come over and clean up the dog poop and you
can pay him the $5?' Welcome to the Republican Party, Cath
From: Spain, Sanlucar de Barrameda..Coto Doñana
It is not like that in the real world dread....I would rather be feared and respected than a laughing stock...By the way Andy Young was the best part of that cheesy administration
From: Dominican Republic, Cabrera, M.T.S.
Here's the problem w/ your view GC, which represents the "realist" theory in International Relations, relations btw countries is not a zero-sum game - which is represented by the "neo-liberal" theory in Int'l Relation. Note, These names have nothing to do with the econ conceptions.
The realist point of view manufactured the cold war, the neo-liberal established the UN, WB, and other development agencies, which have worked to maintain US hegemony, but that's another point. UN, WB, and other Development agencies, in principle at least, are tehre to maintain stability. Unfortunately, this stability favors the "political-north", but again not the current issue. The point is, don't boil a complex reality into an imaginary either/or zero-sum game. We don't need to choose from being a "laughing-stoke" to being "global tyrant". We could, and should, be equal partners.
From: Spain, Sanlucar de Barrameda..Coto Doñana
I agree ...It is difficult being Rome
Written by: Belial, 9 Jul 2008 2:20 PM
From: United States, Texas
"The only problem I see is that Gasoline and Diesel prices are artificially low due to Government subsidies and control. Private the Oil Industry in the D.R. and your problems vanish."
oooo
The leaps in oil prices devour the profit of many captialists or enlarged their losses.
But they are still in business because the subsidies let them hold on a residue of profit that is coming in or curtail their the losses.
These distressed capitalists can do business for a while as long as they get borrowed capital from commercial banks as loans or from investment banks which deal bonds.
At some point of distress, the banks stop taking or returning the calls of distressed capitalists.
The capitalist loses his business to another capitalist or closes the doors.
When enough businesses close, the gates of Heaven open wide open.
Welcome. Come in. Meet Dr. Marx.
Marx "I told ya so."
[In other words, a sequence of stages.]
Written by: sangwong 
, 9 Jul 2008 4:55 PM
From: United States
That looks like Lake Moracaibo in the picture .. a polluted mess .. great job Chavez .. your COMMUNIST paradise appears to be thriving .. even if Lake Moracaibo is not .. the illiterate BellyHole .. Guillotine .. TubercleBaccilus .. as well as the other clowns on this forum will soon be joining your worker's paradise ..
Smaller
Bigger
Close Gallery
Digg this
del.icio.us
Technorati
Yahoo
I came up with a great study, which I don't have time to do, but I encourage Dominican Today or any other reader to do and report back to us. That is, conduct a random survey of gas-stations, to see how much gasoline goes towards: 1) motocycles, 2) Cars, 3) SUVs, 4) Pickup Trucks, 5) Trucks.
The way I would design this study is: identify gas stations in different parts of the country (both city & rural); talk to gas station managers to see if they want to participate; then spend a day collecting the data or have the gas station collect the data for you.
I'm sooo curious which type of vehicles consumes more. My money is on SUV - AKA the devil's car!
In the DR, the oil refining was in the low-down and dirty, hands of the imperialist Shell Oil Company, a 50% stakeholder exercising total authority over the only local refinery under an exclusive management service contract, initally refusing to accept or refine Venezuelan oil.
The bourgeois state under LF, belatedly exercising its soveriegnty, bought Shell's 50% stake, cancelled Shell's fraud-riddled management contract, and commenced the process of expanding and diversifying the refinery capacity of the facility.
Lamentably, some Petrocaribe members still grovel like dogs before exploitative and imperialist oil companies. Thus, they can't take full advantage of Petrocaribe's possibilities.
Will DR bring something to the table or will DR show up with a Brazil-type hustling mentality?
The Venezuelan cost of production of a barrel of oil ranges between $15 and $25, depending on the grade produced. And 50% of a speculative market price of about $130 per barrel results in barrel price of about $65 for the cash portion of the deal. Thus, on the type of oil that is mostly costly to produced in Venezuela ... $25 a barrel type ...the cash portion of Petrocaribe deal yields a GROSS profit of about 160% or $40/$25. Imperialist parsites still grab a piece of the action even after Venezuela's efforts to remove them from its oil industry. So, Venezuela pockets NET profit of something like 120% on the cash portion of Petrocaribe deals.
Through Petrocaribe and other initiatives, Venezuela lends a helping hand to these victims of relentless and merciless imperialist aggression, espcially from the extremely vicious and degenerate US imperialists.
Venezuela's friendly and disinterested cooperation in energy and in other spheres with underdevelped countries that are targets of the economic warfare of the imperialist cabal brings down on Venezuela the vile and bestial wrath of the bourgeois scum, especially that of George W. Bush, exercising state power in big capitalist and imperial countries.
When Venezuela helps countries under genocidal and imperialist attack, Venezuela pisses in the imperial soup.
Baldoria,
If you believe that oil is only used to fule vehicles then you have a lot to learn.
Also I would venture to guess that if you actually did do that survey you would be surprised to learn that large SUV use only a small percentage of the Oil consumed by vehicles in the D.R.
few points to get a good dialogue running:
1. I said SUVs were a major source of our fuel problem, not the ONLY. God knows we use oil in almost everything - e.g. plastic bottles, jelly. But learning more about SUV consumption will highlight a potential way we can decrease our oil use & debt.
2. THe survey, since I have a lot to learn, this research project would be SOOOOOO key to help me better understand the oil situation. For example, publi transport is always blamed for a lot of our oil problems, but no one ever mentions the SUVs. So lets see if SUVs are a problem with our gasoline/gas-oil/gas consumtion. I hope you're right and SUVs that get 10-15 miles/gallon don't represent a huge percentage of consumption.
The more we learn, the better we can design programs to address these types of issues.
SUVs say to everyone...look at me.....I have no money left.....but I look good! Just like Razor Phones, Gucci Bags and sound systems loud enough to drown out The Who...circa 1971.
Its the "look at me" factor.
What is the DR's Oil Problem anyway?
The only problem I see is that Gasoline and Diesel prices are artificially low due to Government subsidies and control. Private the Oil Industry in the D.R. and your problems vanish.
1. Increased International Debt
2. Increased inflationary pressures
3. decreased development options, b/c we're spending resources paying more for oil and investing less in social programs and public services
As for other problems:
1. Environmental degradation - try breathing the air in Santo DOmingo during Rush hour
2. CLimate change
3. SUVs are more dangerous b/c accidents are more serious when SUVs are involved. The people in the SUV may be safer, but the other people are screwed!
4. Roads are more "taxed" b/c SUVs are heavier so the roads wear-down more
SOrry I slipped in to my anti-SUV rantings. They are just another example of how many dominicans opt for private solutions to deal with public problems.
Well, if you don't think the DR has an oil problem, just read what the government, UNDP, and so many other people are saying. All my points are far from original.
friends when she was little, told me that she wanted to be President
one day. Both of her parents are liberal Democrats and were standing
there with us - and I asked Catherine, 'If you were President what
would be the first thing you would do? Catherine replied,
'I would give houses to all the homeless people.'
'Wow, what a worthy goal you have there,Catherine,'
I told her. 'You don't have to wait until you are President to do
that, you can come over to my house and clean up all the dog poop in
the back yard and I will pay you $5.Then we can go over to the grocery
store where the homeless guy hangs out,and you can give him the $5 to
use for a new house. Catherine, who was about 4, thought that over
for a second, while her mom looked at me, and Catherine replied, 'Why
doesn't the homeless guy come over and clean up the dog poop and you
can pay him the $5?' Welcome to the Republican Party, Cath
The realist point of view manufactured the cold war, the neo-liberal established the UN, WB, and other development agencies, which have worked to maintain US hegemony, but that's another point. UN, WB, and other Development agencies, in principle at least, are tehre to maintain stability. Unfortunately, this stability favors the "political-north", but again not the current issue. The point is, don't boil a complex reality into an imaginary either/or zero-sum game. We don't need to choose from being a "laughing-stoke" to being "global tyrant". We could, and should, be equal partners.
oooo
The leaps in oil prices devour the profit of many captialists or enlarged their losses.
But they are still in business because the subsidies let them hold on a residue of profit that is coming in or curtail their the losses.
These distressed capitalists can do business for a while as long as they get borrowed capital from commercial banks as loans or from investment banks which deal bonds.
At some point of distress, the banks stop taking or returning the calls of distressed capitalists.
The capitalist loses his business to another capitalist or closes the doors.
When enough businesses close, the gates of Heaven open wide open.
Welcome. Come in. Meet Dr. Marx.
Marx "I told ya so."
[In other words, a sequence of stages.]