Has Oil Production Reached a 'De Facto' Peak? [View article]
"some countries, like Venezuela, could be feigning incompetence"
Well, no. Chavez fired Pedevesa's senior scientific/technical staff and replaced them with party functionaries. He nationalized foreign assets and cancelled deals with U.S. e&p consultants. Deliberate brain drain, hatred of expertise as such.
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"some countries, like Venezuela, could be feigning incompetence"
Jun 05 02:27 am
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All Comments by A von Altendorf »Has Oil Production Reached a 'De Facto' Peak? [View article]
Well, no. Chavez fired Pedevesa's senior scientific/technical staff and replaced them with party functionaries. He nationalized foreign assets and cancelled deals with U.S. e&p consultants. Deliberate brain drain, hatred of expertise as such.
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