I generally dislike posting an entire post from elsewhere unless I’m doing a fisking but I think the Left that reads the ‘Grok should see this – and then try to explain it away. You see this pretty much every time a country goes full Chavez / Maduro (emphasis mine): From Instapundit.
THE WAGES OF SOCIALISM: Venezuela Is So Broke It Can’t Even Export Oil.
A fleet of rundown Venezuelan oil tankers carrying some 4 million barrels of oil and other fuels is wallowing in the Caribbean Sea. Not because of bad weather, or mechanical problems, but because Venezuela’s state-owned oil company, Petróleos de Venezuela SA, doesn’t have the cash to get them to their final destinations.
Beyond the obvious environmental risks, it’s doubly bad news for Venezuela, a country in dire economic straits and full-fledged crisis, with a political impasse, looting, dangerous food and health supply shortages, and massive protests. Venezuela is massively reliant on oil exports to bankroll government services. But the cash-strapped country can’t even find the money to service the vessels that carry its exports. And Venezuela needs the exports to get the cash to service the vessels. It’s a vicious circle.
It’s a vicious circle made possible by the Venezuelan government, and nothing free markets and private ownership couldn’t fix practically overnight.



