Saturday, December 01, 2007

Chavez threatens to not sell oil to the USA

Go on you Marxist thug.
Given CNN reports "United States is Venezuela's biggest oil customer and one of the few countries that can refine its low-quality crude. Venezuela accounts for up to 15 percent of U.S. crude imports". I think it's fine for a socialist to say he's not going to sell to his biggest customer, especially since his product is hardly that well sought after.
He's looking to remove term limits and put the Central Bank under his control, as well as reduce working weeks (given that the work ethic there isn't high according to some reports that wont help). Nice little recipe for more authoritarianism, and more wasting of money following a grand vision for "the people".
Keep watching political science students and economic students - learn how a country can be wrecked by socialism, and pity the average Venezuelan, the welfare state that has been built is unsustainable.

1 comment:

Anonymous said...

Hugo's oil isn't that crash hot. It's very 'heavy' crude with a high sulphur content - difficult and expensive to refine, and not just any refinery can do it.

The US has far better options for oil.