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30 September 2005

Chavez to save the world (or at least South America)

On a positive note (a personal request from an anonymous reader), Venezuelan President Hugo Chavez will expand his oil iniative, "Petroamerica", to every nation in South America. A direct challenge to the U.S.-based FTAA, the plan has huge implications for U.S. based oil & international trade policies.

In case you didn't know, Venezuela is the fifth largest oil exporter in the world, and supplies about 13% of daily oil imports into the US. In short, Chavez can fuck some shit up. And I mean that in a good way.
Chavez, a close ally of Cuban leader Fidel Castro, said his country had enough resources to help the region for generations to come. ... Venezuela guarantees petroleum and gas for the South American continent for at least 200 years.
This means no more reliance on so-called free trade agreements, the U.S. or the Middle East. This really means no longer taking Bush's bullying. This also really means actually repaying debts, keeping money flowing internally and subsequently uplifting national and regional markets and livlihoods. This is a positive thing (at least for now).

Comments on "Chavez to save the world (or at least South America)"

 

Anonymous Anonymous said ... (30/9/05 4:19 PM) : 

I heard that commie oil burns dirty!! I would hardly suggest that a little oil is going to help Cuba, in the news recently Cuba was complaining about how the US embargo against them was stifling their economy, are you suggesting this extra oil from Venezuela is going to make that issue moot, and South American countries will now be economically independent of the US, I hardly think so.

 

Anonymous Anonymous said ... (4/10/05 9:53 PM) : 

I heard the U.S. is pulling out of NAFTA, among other so-called free trade agreements!!! Man, those South American countries are cheering so loud I can hear them from up here (on my soap box).

 

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