Article

2006-06-14 Home Front: Politix

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 lotp 2006-06-14 00:00|| || Front Page|| [4 views since 2007-05-07] Top

#1 When is the GAO right????

Hugo's given so much away, does he really have any?

Posted by anonymous2u 2006-06-14 00:15|| 2006-06-14 00:15|| Front Page Top

#2 Sure. He's got the 100K barrels/day or so he's buying from Russia. LOL.

Posted by Seafarious">Seafarious 2006-06-14 00:22|| 2006-06-14 00:22|| Front Page Top

#3 This is ridiculous. Let's say Hugo stops selling oil to the US. So instead he sells it to, let's say, France. Does France start using twice as much oil? No, of course not. They leave whatever they would have bought on the world market where it can be bought by anyone, including the US. All that's happened is Chavez lowers his revenues, since he had to lower the price to get the French to buy stuff they currently don't want enough to pay for.

He could stop selling oil altogether. That would be a shock to the world economy for a time. Without the money, though, Hugo would be looking at the sh-thammer of history slamming down on his head at warp speed. We would live through it, he literally would not.

No, I think we can safely say the sky is not falling on this one.

Posted by Baba Tutu 2006-06-14 02:50|| 2006-06-14 02:50|| Front Page Top

#4 Hey, keep quiet and let the moron think that giving his oil away somehow hurts us. Grab some popcorn and enjoy the show. Invite some friends over so you won't be laughing all by yourself.

And yes, they've got quite a bit of oil. Not as much as some, but enough to push the big oil companies around, and they have to put up with it all with a smile on their face.

Posted by grb 2006-06-14 03:10|| 2006-06-14 03:10|| Front Page Top

#5 Also, since the Venezuelan national oil company owns 5 refineries in the US and Citgo gas stations, their exposure to US economic retaliation is great. If they violate their delivery contracts and cutoff the supply, we can seize their assets in the US. Wave goodbye to the refineries and Citgo, Hugo.

Posted by Shieldwolf 2006-06-14 03:51|| 2006-06-14 03:51|| Front Page Top

#6 If the little man wants to play hardball why don't we oblidge him?

A navy blockade bottling up his exports would see him broke in a month.

Now even he could understand the dynamics of that.
Extreme, but we are talking about the life of our economy here.

Posted by bigjim-ky 2006-06-14 10:54|| 2006-06-14 10:54|| Front Page Top

#7 Oil is fungible, it just moves around like a bubble under linoleum. Hugo is delusional.

Posted by Alaska Paul">Alaska Paul 2006-06-14 11:54|| 2006-06-14 11:54|| Front Page Top

#8 (mental image of Hugo as a bubble under my linoleum)

Posted by Seafarious">Seafarious 2006-06-14 11:59|| 2006-06-14 11:59|| Front Page Top

#9 IIUC not all refineries can handle the Venezuelan oil sludge?

Posted by Frank G 2006-06-14 12:03|| 2006-06-14 12:03|| Front Page Top

#10 Oil is fungible, it just moves around like a bubble under linoleum. Hugo is delusional.

Judy! Judy! Look here, this guys a real Civil Engineer! I told 'ya I saw it! We can also ask Frank about the grass writing and possible scientific explanations.

Posted by 6 2006-06-14 15:29|| 2006-06-14 15:29|| Front Page Top

#11 ;-)

Posted by Frank G 2006-06-14 17:38|| 2006-06-14 17:38|| Front Page Top

#12 Oil is a global commodity. I agree with Big Jim. Blockade Hugo's ass and let's see who starves first.

Posted by mcsegeek1 2006-06-14 20:55|| 2006-06-14 20:55|| Front Page Top

12:00 Doogl comments (UK)
11:57 Doogl comments (UK)
10:23 Doogl comments (UK)
09:28 Doogl comments (UK)
09:27 Doogl comments (UK)
07:50 Doogl comments (UK)
07:29 Doogl comments (UK)
07:21 Doogl comments (UK)
07:20 Doogl comments (UK)
04:37 Doogl comments (UK)
23:59 DarthVader
23:58 Rafael
23:56 Broadhead6
23:56 Sherry
23:47 Broadhead6
23:41 Broadhead6
23:38 BA
23:38 trailing wife
23:38 trailing wife
23:36 Broadhead6
23:36 Rafael
23:34 trailing wife
23:32 ed
23:31 BA