|
The Presidents of Brazil, Luiz Inácio Lula da Silva, Venezuela, Hugo Chávez, and Argentina, Nestor Kirchner, discussed today, in Brazilian capital Brasília, the South American integration and infrastructure projects.
Among infrastructure works discussed there was the construction of a 10 thousand km gas pipeline between the three countries. Preliminary analyses indicate that the initiative may cost anywhere between US$ 17-25 million, and take six years to get ready. During the meeting, Hugo Chávez proposed the creation of development zones along the pipeline, involving agriculture, industry, and popular housing construction. According to Chávez, one of the regions that may benefit from the project is that between Orinoco, in Venezuela, and Manaus, the capital of the northern Brazilian state of Amazonas. ABr
 |
Subscribe to this comment's feed
2 months ago, the project was 8000 kms, 100 million m3 per day, cost US$ 10 billions.
2 weeks ago, this same project was 8000 kms, same production, cost between US$ 17-20 billions.
Today, this same project is 10000 kms, 150 millions m3 per day, cost US$ 17-25 billions.
So the trio doesnt not know what they are talking about !
What about new figures in 1 month ?
What about the new project costs in 1 or 2 years ?
Could be anything between US$ 30 billions at best to 50 billions or more as the cost price already doubled in only 2 months.
But....but....first studies were already made...3 times ! This shows how accurate they were ! smile
And at this price, the pipeline connection costs to Bolivia is not even included, yet.
Yeaps !
This said, Lula, Chavez and Kirchner have one thing in common : the 3 are openly lying, and hopefull for their own re-election....this year ! -
So the larger and more expensive a megaproject is, the better it is for their own "electionnering" public speeches, and to make the front pages in the media and the press.
Also good for them to hide their failures :
- Brazil for very slow 2005 economic growth and corruption crisis.
- Argentina for their inability to control skyrocketing inflation.
- Venezuela is simply promising... promises !
The facts are the facts.
Additional facts :
- Today some Venezuelan regions are in shortage of GAS, demand was not fullfilled ! Yeaps.
- Many professionals in the oil industry say that at the cost of US$ 17 billions, the pipeline will NOT and CANNOT be profitable.
Yeaps.
Therefore, more the costs will increase, the bigger the losses will be.
Probable facts :
After the elections, this megaproject will be put in the garbage, next year.
The same is happening , just once more, for the Sao Francisco river project that exists for over 150 years and costing far less than the gas pipeline.
Cheers !