Venezuela's main brewer shuts down.

[superstock]

Venezuela's main brewer is shutting down due to the countries drought, power restrictions and "no money to buy grain from abroad" putting 10,000 out of work.

 

[droid]

10,000? Bloody hell!

 

[Ducatiboy stu]

And yet Venezuela sits on what is reliably claimed as the worlds biggest oil reserve


Orinoco Belt

From Wikipedia, the free encyclopedia




Orinoco Petroleum Belt


Orinoco oil belt assessment unit, USGS


Country

Venezuela








The Orinoco Belt is a territory in the southern strip of the eastern Orinoco River Basin in Venezuela which overlies one of the world's largest deposits of petroleum. Its local Spanish name is Faja Petrolífera del Orinoco(Orinoco Petroleum Belt).
The Orinoco Belt is located Guárico and south of the Anzoátegui, Monagas, and Delta Amacuro states, and it follows the line of the river. It is approximately 600 kilometres (370 mi) from east to west, and 70 kilometres (43 mi) from north to south, with an area about 55,314 square kilometres (21,357 sq mi).


Oil reserves[SIZE=small][edit][/SIZE]
The Orinoco Belt consists of large deposits of extra heavy crude. Venezuela's heavy oil deposits of about 1,200 billion barrels (1.9×1011 m3), found primarily in the Orinoco Petroleum Belt, are estimated to approximately equal the world's reserves of lighter oil.[1] Petróleos de Venezuela S.A. has estimated that the producible reserves of the Orinoco Belt are up to 235 billion barrels (3.74×1010 m3)[2] which would make it the largestpetroleum reserve in the world, slightly ahead of the similar unconventional oil source in the Athabasca oil sands, and before Saudi Arabia[3] In 2009, the US Geological Survey increased the estimated reserves to 513 billion barrels (8.16×1010 m3) of oil which is "technically recoverable (producible using currently available technology and industry practices)." No estimate of how much of the oil is economically recoverable was made. [4]
The Orinoco Belt is currently divided into four exploration and production areas. These are: Boyacá (before Machete), Junín (before Zuata), Ayacucho (before Hamaca), and Carabobo (before Cerro *****). The current exploration area is about 11,593 square kilometres (4,476 sq mi).

 

[TimT]

You can't use oil for beer! But I know what you mean. Successive years of corrupt governance and failed socialist economics have ruined the country's economy - in spite of the oil riches.

 

[Ducatiboy stu]

But you can use oil to heat your HLT and kettle......

 

[superstock]

Oil or money can't create rain to break the drought. Most of the countries power is hydro electric, no water in the dams = severe power restrictions. Even though the area is oil rich the cost of production is nearly the same as the current price of oil.

 

[Ducatiboy stu]

Oil or money can't create rain to break the drought. Most of the countries power is hydro electric, no water in the dams = severe power restrictions. Even though the area is oil rich the cost of production is nearly the same as the current price of oil.

Bloody global economics and drought and stuff....

 

[Bribie G]

95% of their income comes from oil exports and with it currently only a fifth of the price it was a few years ago they are well up the ****. As Australia is now finding with declining ore and coal prices.

ed:

If SWMBO predeceases me I was seriously thinking of moving to Ecuador which is a very popular Expat destination where a single person can live well on a grand $A a month but they are in the same oil position as Venezuela at the moment and earthquakes to boot. I think Kyogle will have to put up with me for a bit longer yet.

 

[Ducatiboy stu]

Biribe......

Your to radical and lawless for Central America

 

[wynnum1]

Hydroelectricity provides the bulk of Venezuela's electricity supply.

 

[Dave70]

I guess beer will always struggle in a country where you can buy an 8 ball of coke for around forty bucks bucks and an ounce of buds for a hundred.

 

[droid]

^Damn at those prices and if I was home brewing there id shrivel up and die pretty quick...

 

[spog]

And yet Venezuela sits on what is reliably claimed as the worlds biggest oil reserve


Orinoco Belt

From Wikipedia, the free encyclopedia




Orinoco Petroleum Belt


Orinoco oil belt assessment unit, USGS


Country

Venezuela








The Orinoco Belt is a territory in the southern strip of the eastern Orinoco River Basin in Venezuela which overlies one of the world's largest deposits of petroleum. Its local Spanish name is Faja Petrolífera del Orinoco(Orinoco Petroleum Belt).
The Orinoco Belt is located Guárico and south of the Anzoátegui, Monagas, and Delta Amacuro states, and it follows the line of the river. It is approximately 600 kilometres (370 mi) from east to west, and 70 kilometres (43 mi) from north to south, with an area about 55,314 square kilometres (21,357 sq mi).


Oil reserves[edit][/size]
The Orinoco Belt consists of large deposits of extra heavy crude. Venezuela's heavy oil deposits of about 1,200 billion barrels (1.9×1011 m3), found primarily in the Orinoco Petroleum Belt, are estimated to approximately equal the world's reserves of lighter oil.[1] Petróleos de Venezuela S.A. has estimated that the producible reserves of the Orinoco Belt are up to 235 billion barrels (3.74×1010 m3)[2] which would make it the largestpetroleum reserve in the world, slightly ahead of the similar unconventional oil source in the Athabasca oil sands, and before Saudi Arabia[3] In 2009, the US Geological Survey increased the estimated reserves to 513 billion barrels (8.16×1010 m3) of oil which is "technically recoverable (producible using currently available technology and industry practices)." No estimate of how much of the oil is economically recoverable was made. [4]
The Orinoco Belt is currently divided into four exploration and production areas. These are: Boyacá (before Machete), Junín (before Zuata), Ayacucho (before Hamaca), and Carabobo (before Cerro *****). The current exploration area is about 11,593 square kilometres (4,476 sq mi).

Means SFA when the oil prices are down,the economy is screwed and the country's interest rates are through the roof.
The Saudis are getting roughly $40:00 per barrel when they need $100:00 per to keep going, similar with other nieghboring countries.
Little wonder things in the Middle East are turning to ****, and Iran is churning out as much oil as they can since the economic sanctions were lifted,they need the money!.....again little wonder.

 

[Ducatiboy stu]

Going to buy me a big V8...... The environment is to expensive when petrol is cheap

 

[Bribie G]

Bought petrol in Casino for 97c.
Filled tank for $40 as I used to do 15 years ago with my Nissan Pulsar and 25 years ago with my XB Falcon. It also seems to have affected other petro - derived products as well, just replaced all the tyres with a new set from Tyrepower for $70 each - been through a literal mountain of tyres in my time and these are pretty good quality.

 

[Dave70]

Going to buy me a big V8...... The environment is to expensive when petrol is cheap

Yep. Its a golden age. By a whole bunch and put em in everything I say.
Economical D4D - move on over.

 

[mwd]

Used to work with a bloke from either Columbia or Venuzuela he reckons we are pretty dumb here as he pays about $15.00 US for a case of beer back in the SA.

 

[butisitart]

don't suppose this brewery has got any gear up for grabs??
i need a good 230000 L fermenter cos my plastic one broke. -_-