Thoughts and questions concerning Venezuela

[Mickey Brausch]

[ QUOTE ]
Like all communist regimes, it will continue to quash more and more freedoms until it becomes basically a slave state.

[/ QUOTE ] For the umpteenth time :

Venezuela is NOT a communist state.

You folks lose debating points by being so inaccurate.

[kniper]

no one is saying that it is now. we are all speculating on the future, and things are changing there pretty fast

[Arnfinn Madsen]

[ QUOTE ]
Correct me if I'm wrong, but the petroleum fund is only used for a portion of the profits, and deposits are in the 10-20 billion per year range, leaving more than 60 billion + in oil/gas money being pumped into the Norwegian economy annually.

[/ QUOTE ]

You are wrong, in 2006 288 billion NOK was transfered to the fund (47,2 billion $ by today's exchange rate). That is estimated 81% of the government's income from oil (estimate due to the income figures not being final). The oil price is fluctuating so much so if you take the GDP-numbers from 1 year and the allocation of funds from another year, your answer can be totally wrong.

Source (in English)

[tolbiny]

[ QUOTE ]
[ QUOTE ]
Correct me if I'm wrong, but the petroleum fund is only used for a portion of the profits, and deposits are in the 10-20 billion per year range, leaving more than 60 billion + in oil/gas money being pumped into the Norwegian economy annually.

[/ QUOTE ]

You are wrong, in 2006 288 billion NOK was transfered to the fund (47,2 billion $ by today's exchange rate). That is estimated 81% of the government's income from oil (estimate due to the income figures not being final). The oil price is fluctuating so much so if you take the GDP-numbers from 1 year and the allocation of funds from another year, your answer can be totally wrong.

Source (in English)

[/ QUOTE ]

Thanks for the links, I'll get around to reading them some day soon.