Re: Oil soars on halts by Iraq, Venezuela

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Article #41915

#41915

From: Dave Simpson
Date: Mon, 08 Apr 2002 23:34

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Chunga wrote:

> Iraq's exports can be replaced by Russia, the US, Mexico or any other
> producer turning up the taps a little.  Venezuela's problems are internal
> and nothing serious.

  Venezuela's problems are deeply serious, on the contrary!  But, you
are right about the ability to make up for shortfalls in deliveries
elsewhere.  Still, it has people spooked and oil prices have risen on
the news.

  (Venezuela's proto-Castro-and-Mao Chavez is a cancer on the whole
Western Hemisphere.  Among other thing he's done is to install cronies
in the state-run oil conglomerate.  Executives as well as employees
have resented these blatant political moves, and the recalcitrant
executives have been fired or have taken early retirement -- it is
reasonable to wonder with what kinds of encouragement -- and workers
also resent it.  Not everyone below the level of "oligarchy" is a fan
of Chavez.)

  Dave Simpson

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From: david_l_simpson@yahoo.com (Dave Simpson)
Newsgroups: can.general,can.politics,dc.general,la.general,ny.general
Subject: Re: Oil soars on halts by Iraq, Venezuela
Date: 8 Apr 2002 16:34:57 -0700
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