Latin America

Bacchus4.0

(6,837 posts) Tue Apr 19, 2016, 06:37 AM Apr 2016

Venezuela oil minister says US helped ruin deal in Doha

http://www.cnbc.com/2016/04/18/venezuela-says-opec-trust-badly-broken-after-doha-failure.html

Intense pressure from the United States was one of the reason why OPEC and non-OPEC producers failed to reached a deal on freezing oil output in Doha on Sunday, Venezuelan Oil Minister Eulogio Del Pino told reporters.

"The United States was behind the pressure. They have a problem with Venezuela, Russia... They are doing this for political reasons and are ignoring their own people suffering. Ask any oil company in the U.S. — they are all very sad because of what happened yesterday," he said.

The oil minister also said that trust within OPEC is badly broken after a failure to reach a deal to freeze oil production levels at a meeting in Doha on Sunday.

He said he believed Saudi Arabia was behind the failure, adding that he was under the impression the Saudi delegation, including minister Ali al-Naimi, "had no authority to decide on anything" as they were under strict instructions from Riyadh.
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American people very sad because oil companies are not making enough profit and only paying $2/gallon oil instead of the Bolivarian price of $4/gallon

5 replies

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Venezuela oil minister says US helped ruin deal in Doha (Original Post) Bacchus4.0 Apr 2016 OP

What's he supposed to do? NOT blame the US? DetlefK Apr 2016 #1

wait wait EdwardBernays Apr 2016 #2

They're doing a Cuba on them. Bad Dog Apr 2016 #3

So you want to pay more per gallon of gas for Iran, Russia, and Venezuela's sake? nt Bacchus4.0 Apr 2016 #4

Honestly? EdwardBernays Apr 2016 #5

DetlefK

(16,423 posts)

1. What's he supposed to do? NOT blame the US?

Reply to Bacchus4.0 (Original post)

Tue Apr 19, 2016, 06:49 AM

Apr 2016

The deal failed because neither Saudi-Arabia nor Iran want to decrease the amount of oil they are selling. Nobody wants to be the first to take a disadvantage.

EdwardBernays

(3,343 posts)

2. wait wait

Reply to Bacchus4.0 (Original post)

Tue Apr 19, 2016, 06:52 AM

Apr 2016

the US and Saudi Arabia combined to fuck something up?

That CAN'T be true.

Bad Dog

(2,025 posts)

3. They're doing a Cuba on them.

Reply to EdwardBernays (Reply #2)

Tue Apr 19, 2016, 07:49 AM

Apr 2016

Venezuela will probably take as long.

Bacchus4.0

(6,837 posts)

4. So you want to pay more per gallon of gas for Iran, Russia, and Venezuela's sake? nt

Reply to EdwardBernays (Reply #2)

Tue Apr 19, 2016, 07:54 AM

Apr 2016

EdwardBernays

(3,343 posts)

5. Honestly?

Reply to Bacchus4.0 (Reply #4)

Tue Apr 19, 2016, 08:08 AM

Apr 2016

Saudi Arabia has been gaming the price of oil to crush US oil producers for years. Your cheap gas crushed US companies. Is that what you WANT? Or is that an unintended consequence of what you want?

Saudi price rigging won'tast forever and Iran deserves to be allowed sell its oil - even at prices rigged by the Saudis.

Now, the US has a decades long history of creating global problems when it partners with Saudi Arabia, and Iran is often the one that gets f@cked by the US when it decides to meddle with oil prices, etc.

If I was Iran, I'd be enjoyed joying the spectacle of the US and Saudi Arabia flounderling around... I'd also be damn sure that I didn't get screwed - again - by the US and Saudis.

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