Quote:
Originally Posted by GatorB
Cuba's economy sucks because of the embargo. If there was no embargo Cuba's economy would be fine. Do you think most Americans would care about it being communist if they were allowed to vacation there? Do you think people would care about it being communist when they buy Cuban made products? People don't have a problem visiting China or buying products made in China. And Chinas economy is doing just fine.
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Maybe so, but the Soviet Unions was a disaster, Chinas is not comparable to Cuba for several factors but lets start with the most obvious- population.
The short and sweet of it is that foreign oil companies are pulling out of VZ, and PDVSA does not have the technology or the money to step right in and take over. Even with the presence of China and India there is going to be a delay of 5-8 years to ramp E&P back to todays levels. VZ's product isn't like most crude, its extremely thick and hard to move, now toss in that the majority of the worlds refineries that can process it are in.. The USA.
So tell me what is going to happen to VZ's economy when their GDP is shit for 5-8 years?