Article

2008-11-22 Caribbean-Latin America

Venezuelan oil falls to lowest price in 22 months

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by ed 2008-11-22 11:13|| || Front Page|| [3 views ] Top

#1 Well if that $69 Billion is in any kind of investment vehicle, it's prolly worth about $40 Billion now. It would be sweet to see him blow away his entire reserves on one year. He's screwed unless something big happens to the oil market, and I don't see that in the short bet.

Posted by bigjim-ky 2008-11-22 11:53|| 2008-11-22 11:53|| Front Page Top

Posted by DMFD 2008-11-22 13:09|| 2008-11-22 13:09|| Front Page Top

#3 Tha farther oil slides, the less Ugo shoots his fat mouth off.

Faster, please.

Posted by Mike N. 2008-11-22 13:18|| 2008-11-22 13:18|| Front Page Top

#4 and he's promised off a good share of the exports to his socialist comrades at below market (near free) rates to buy prestige and perceived power. Nice job, dickhead. I see a crackdown and a backlash coup in two years. Hope he tastes the tank treads

Posted by Frank G">Frank G 2008-11-22 13:59|| 2008-11-22 13:59|| Front Page Top

#5 Nah. He'll suicide by shooting himself 27 times with an AK-47 (pausing only once to reload....)

Posted by Pappy 2008-11-22 14:39|| 2008-11-22 14:39|| Front Page Top

#6 We'll see. Cross you're fingers, the elections of the 23rd will pretty much determine the fate of the 21st Century Socialist Supermo.

Posted by .5MT 2008-11-22 15:54|| www.cybernations.net]">[www.cybernations.net] 2008-11-22 15:54|| Front Page Top

#7 Oil makes up 94 percent of Venezuelan exports and funds half the government's budget.

Which begs the question - what makes up the other half? So Hugo will have to raise taxes as the entire world enters an economic downturn - that'll be interesting to see.

Posted by Jeremiah Thaise1218 2008-11-22 23:27|| 2008-11-22 23:27|| Front Page Top

23:27 Jeremiah Thaise1218
23:23 Jeremiah Thaise1218
23:21 Thing From Snowy Mountain
23:13 Thing From Snowy Mountain
23:10 CrazyFool
23:05 Thing From Snowy Mountain
23:05 CrazyFool
23:00 SteveS
22:57 ed
22:28 Cornsilk Blondie
22:20 Nimble Spemble
22:12 European Conservative
22:06 Frank G
22:03 trailing wife
22:01 Bright Pebbles
21:48 Frank G
21:37 trailing wife
21:30 Milton Fandango
21:22 Milton Fandango
21:21 Frank G
21:16 Milton Fandango
21:09 Anonymoose
21:09 KBK
21:08 Frank G