Monday, September 25, 2006

Chavez's immoderate proposal

/ refusing cheaper oil /
Greg Palast, interviews Hugo Chavez
"You'd think George Bush would get down on his knees and kiss Hugo Chavez's behind. Not only has Chavez delivered cheap oil to the Bronx and other poor communities in the United States. And not only did he offer to bring aid to the victims of Katrina. In my interview with the president of Venezuela on March 28, he made Bush the following astonishing offer: Chavez would drop the price of oil to $50 a barrel, 'not too high, a fair price,' he said -- a third less than the $75 a barrel for oil recently posted on the spot market. That would bring down the price at the pump by about a buck, from $3 to $2 a gallon."

BTW Hugo has done an impressive job of exploding Chomsky's book sales with his UN speech last week (here mp3) - a big hit in many places.


Renegade Eye said...

The Democratic Party was very parochial about Chavez's speech.

Sen. Rangel was opposed to foreigners, coming to America, and talking against our president.

S G said...


since when did Hugo Chavez become the man who can lower the oil price by a third? First it is impossible (Venezuela is not such a strong producer and not even Saudi Arabia could this easily.), second ofcourse it would not lower the price at the gas pump by 30%! There are other costs hidden in this price.

Plus i dont even think the price of oil should fall. Today's prices are the necessary prices for a shift to more efficient and clean energy sources...