[genna]

http://www.businessweek.com/bwdaily/...s+%2B+analysis

http://www.nation.com.pk/pakistan-ne...ing-gas-prices

[XKAgustin]

So what?

Should I move to Venezuela in order to benefit from cheap gas?

[pavilionnotebook]

The prices are subsidized, so it really doesn't cost 12 cents, it costs more in reality. Also, what is an average salary there? I wouldn't mind paying $120 a gallon if I was making $300 million a year.

[otheloComRole]

The prices are subsidized, so it really doesn't cost 12 cents, it costs more in reality. Also, what is an average salary there? I wouldn't mind paying $120 a gallon if I was making $300 million a year.

There you go. Do some math now.

The minimum monthly wage in Venezuela is 800 bolivars, or about 370 US dollars, and a liter of gas costs 0.1 bolivars (four US cents) -- making it virtually free.

[genna]

The minimum monthly wage in Venezuela is 800 bolivars, or about 370 US dollars.

http://www.nation.com.pk/pakistan-ne...ing-gas-prices

[pavilionnotebook]

There you go. Do some math now.

...And we still haven't accounted for how much the subsidies help out. [rolleyes] The subsidies in this case are nothing more than a shell game. The money comes from somewhere.

[XKAgustin]

...And we still haven't accounted for how much the subsidies help out. [rolleyes] The subsidies in this case are nothing more than a shell game. The money comes from somewhere.

You mean as mentioned here?

Petróleos de Venezuela is already facing problems meeting domestic demand, especially in the face of repeated accidents and shutdowns at its four domestic refineries. Programmed expansions at two of those facilities have been pushed back because of funding delays.
Venezuela is not the only country that spares its citizens from high oil prices through fuel subsidies. For oil-producing nations, subsidies are a way of sharing the natural-resources largesse with the population. Iran and Saudi Arabia rank as the second- and third-cheapest places to buy gas, at the equivalent of 40¢ and 44¢ a gallon, according to a survey by Associates for International Research. Both nations offer their citizens gasoline subsidies, though they are not quite as generous as Venezuela's.

[genna]

I did read somewhere that the goverment pays 14.000 millons of dollars anually to keep those prices.

Anyway, each barrel cost to produce 11 U$D and they are selling itright now at 113 U$D. So that's a profit of 102 U$D.

Daily production is 2800000 barrels, so daily income is like 300.000.000 U$D daily.

sorry for my english i bet you understand my point

[pavilionnotebook]

sorry for my english i bet you understand my point

Actually, I don't quite see your point. We pretty much all know that oil is dirt cheap in Venezuela. So...?

[SiM7W2zi]

Actually, I don't quite see your point. We pretty much all know that oil is dirt cheap in Venezuela. So...?

I think the point is they can afford to sell it that cheap when they make so much on selling it to other people.

[genna]

Well, in that case my point was only to show the article. And answer any question!

Sorry if it's old news for you.

[pavilionnotebook]

I think the point is they can afford to sell it that cheap when they make so much on selling it to other people.

I'll go with that I guess.

[JanetMorris]

Well, in that case my point was only to show the article. And answer any question!

Sorry if it's old news for you.

i mean, it is great that gas is so cheap for you, and while every country has its good and bad benifits, i would rather pay the prices i am now than what you pay and still have access to basic other things. Being from Venezuela, are the food shortages and other shortages i hear about there as bad as they say, or overblown?


PS your english is fine. I wish my spanish/portugese was half as good.

[genna]

i mean, it is great that gas is so cheap for you, and while every country has its good and bad benifits, i would rather pay the prices i am now than what you pay and still have access to basic other things. Being from Venezuela, are the food shortages and other shortages i hear about there as bad as they say, or overblown?


PS your english is fine. I wish my spanish/portugese was half as good.

Most of them are overblown but it really depends..... The ones that "suffer" more the food shortages and other shortages are poor people or the ones with low incomes. Of course Chávez puts some "restrictions" (Mostly giving them U$D) to the private companies and they have problems with the production. I think that the 70% of the food here is made by private companies or mattered from Colombia, Mexico, USA and Spain.

[thargeagsaf]

...And we still haven't accounted for how much the subsidies help out. [rolleyes] The subsidies in this case are nothing more than a shell game. The money comes from somewhere.

Yeah, us! It's not exactly something to brag about. [rolleyes]

i mean, it is great that gas is so cheap for you, and while every country has its good and bad benifits, i would rather pay the prices i am now than what you pay and still have access to basic other things.

But it's enough to make me want to drive down there every weekend to top up on gas. I could pick up my 80c per kilo Tortillas in Mexico on the way down. LOL