Chavez and gas price effects on DR

LuisSanchez

New member
Feb 2, 2013
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Chavez just died. I wonder how gas prices will be impacted in DR. Not good. I think.
 
Last edited by a moderator:
Apr 13, 2011
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I posted a similar comment in the General Section about Chavez just passing away and wondering what will happen. But I think that post got deleted for some reason, I am not sure.
 
Feb 7, 2007
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We discussed this some time ago and the discussion was lengthy. No need to beat the dead horse any more.
 

jinty05

Bronze
Feb 11, 2005
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I know what you are getting at. I posted a similar question that was deleted by a Moderator of this board who does not even live in this country - the reasoning not Dominican related. Quite incredible as 40% of the energy prices are related to Chavez/Petro Caribe but the Moderator failed to appreciate this.

We are heading into a downward spiral, no more freebies....nothing dramatic just a slow reduction in the value of the peso.....real costs are on the upward path.

Just hope this Dominican related????

I posted a similar comment in the General Section about Chavez just passing away and wondering what will happen. But I think that post got deleted for some reason, I am not sure.
 

ExtremeR

Silver
Mar 22, 2006
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Chavez just died. I wonder how gas prices will be impacted in DR. Not good. I think.

Gas Price in US$ will remain the same, the dollar exchange rate is another matter altogether that may be deeply impacted if Venezuela decides to shutdown PetroCaribe.
 

cobraboy

Pro-Bono Demolition Hobbyist
Jul 24, 2004
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Gas Price in US$ will remain the same, the dollar exchange rate is another matter altogether that may be deeply impacted if Venezuela decides to shutdown PetroCaribe.
What will be severely impacted is available DR gubmint cash.
 

LuisSanchez

New member
Feb 2, 2013
37
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0
Gas Price in US$ will remain the same, the dollar exchange rate is another matter altogether that may be deeply impacted if Venezuela decides to shutdown PetroCaribe.

That is what I thought: 1-50 exchange. Some more national inflation.
 

Castle

Silver
Sep 1, 2012
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if they have to pay for the petroleum on anything like net 30 or 60 days, the peso is going to take a serious dump.


DR hasn't paid net 30 or 60 days for its oil for decades. Venezuela and Mexico have always financed oil to DR and many other caribbean countries. Only people started noticing it when oil prices hit 100$ a barrel, and when Chavez started wanting to take all the credit, kicking Mexico out and changing the name of the agreement to call it Petrocaribe. Good timing by him, give him credit.
 

yacht chef

Bronze
Sep 13, 2009
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Gas for beans this was a joke from the start. The people of Venezuela deserved more.
As for the moderators I just got back from a 2 mounth sespenthion I would love to say more but now I live in fear so I well keep my mouth shut.
USSR1 lol
 

Mariot

New member
Oct 13, 2009
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Gas Price in US$ will remain the same, the dollar exchange rate is another matter altogether that may be deeply impacted if Venezuela decides to shutdown PetroCaribe.
i don't think they will in the near future, as maduro will most likely win the next election. mid to long term this will become a problem though and chavez death is probably going to change the political power balance in the entire region.
 
Apr 13, 2011
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If the VP of Venezuela becomes president, is the agreement with the DR expected to stay the same?
Or will there be changes to the agreement with the DR no matter who takes over now that Chavez has passed away?
 

LTSteve

Gold
Jul 9, 2010
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Unless the socialist government in Venezuela gets replaced I think the oil agreements with the DR should stand pat. It is still a good agreement for both companies. The DR gets cheap gas and then hammers the price with heavy taxes and passes it on the consumer in the form of fixed pricing. Don't see this changing anytime soon.

LTSteve