By closely watching some of the interesting posts in this still new to me yet facts filled board, PLUS the monitoring of hugo´s shameful yet effective steps in that direction I have come to the conclussion the new use this local guy here found for that basic for today´s world, energy producing element.
For instance, right in this forum, it is noticed the giant "increase" of the Venezuelan (read hugo´s) reserves up to an uninimaginable ammount of "PROVEN RESERVES".
Those "new" reserves are nothing but the change in the denomination of the product down bellow the Orinoco basin.
Before hugo, they were called to as "bitumen" but thanks to the magic of some yet to be seen "revolution" they have been converted into "heavy crude oil" reserves with the aid of teams of international "experts". Of course, a Cuban among those experts.
The evidence of that new concept applied to "oil" was in the Porlamar meeting, were some dozen of south/central/ american and caribbean countries gathered together with him and they were promissed the shortage days to be over for at least one full century long yet the small town they´d met, along with the major parts of the country were CADAFE (state owned electric co.) supplies said basic public service, suffers for annoying power outages, since some twenty five years ago. And this guy here has "only" ALMOST 10 out of those years.
http://www.chinadaily.com.cn/world/2007 ... 851715.htm
Believe it ..... or ¿not?
In the few other boards I´ve been part of, I ´ve always suggested the "idea" of an increase in the production of all north american countries (Mx, Us, Can) by a tiny 5% of its current quota would leave this S.A. country out of the list of "suppliers" for that giant consumer. However, after reading several positions in this board, I have the grasp that to be IMPOSSIBLE.
My question to you guys, if I may, is: How much of it holds in some water and how much of it is ..... pure speculation?
![dontknow [smilie=dontknow.gif]](https://udev.peakoil.com/forums/images/smilies/dontknow.gif)



