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Article #41916

Re: Oil soars on halts by Iraq, Venezuela

#41916
From: Chunga
Date: Tue, 09 Apr 2002 13:06
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"Dave Simpson" <david_l_simpson@yahoo.com> wrote in message
news:23e7f86e.0204081534.44a5256f@posting.google.com...
> 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

Oh my! Cronyism in a state-run industry in Latin America!  Marxists too!
Never seen that before! Guess we're done for.....

They can't afford to halt oil exports for long.  One way or another the oil
will begin to flow in a matter of days.

Again, I say....Yawn!!
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From: "Chunga" <nospam@noname.net>
Newsgroups: can.general,can.politics,dc.general,la.general,ny.general
Subject: Re: Oil soars on halts by Iraq, Venezuela
Date: Tue, 9 Apr 2002 09:06:02 -0400
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