Quote:
Originally Posted by Flamenspiel
I agree with some of what you say but Venuzuela is a complete disaster and may collapse into a failed state. Not a good a example, they really have nothing going for them except oil.
|
Well Venezuela was treading upon a cult of personality through Chavez for a lot of years, so the crash is that much more dynamic. I guess the point was that there wasn't the expected backlash either there or in the States, for over 3 times what we are charging to most projects.
As for the charts in the link, the one thing that really amazed me was the structure that Lougheed had in place. And he started the Heritage fund. He really was trending in the right direction in the 70s, toward a long term solution, that was never revisited.