Before this deal, Venezuela was only making about 10 billion a year off their oil. Now with this deal, they will be making 200 billion.
That's money that can go into their nation and their poor.
What's wrong with you progressives?
#29 | Posted by subliberal
What's wrong with us is we care about facts, whereas you morons just swallow propaganda:
The Baseline ($10 Billion): This part is roughly accurate for Venezuela's recent annual oil revenues. Due to years of sanctions, mismanagement, and deteriorating infrastructure, Venezuela's oil export revenues hovered around $10B"$15B annually over recent years.
The $200 Billion Figure: Venezuela will not be making $200 billion a year. According to statements from the Venezuelan government, the agreement"which spans a 25-year bilateral project (or up to a 100-year concession for specific fields)"is projected to generate roughly $209 billion in total cumulative tax and revenue for Caracas over the multi-decade life of the deal, not per year.
You compared 10 billion a year due to our crippling sanctions, vs 200 billion over decades if they let us rip them off.
Making America over in his image...barren, pretentious, without compassion for the outcast and those at the bottom of the pyramid...