Posted on 03/05/2005 6:48:18 PM PST by Kitten Festival
NEW DELHI (AFP) - Venezuelan President Hugo Chavez, whose country is the world's fifth-largest oil exporter, said that the world should get used to high oil prices. "The world should forget about cheap oil ... it won't happen," Chavez told a news conference in the Indian capital on Saturday, saying that the new price range for oil would remain between 40 dollars and 50 dollars.
"That is the new band for oil," said Chavez, whose country is the only South American member of the Organisation of Petroleum Exporting Countries (OPEC).
Chavez, on the second day of a visit to India where he signed a slew of energy and other agreements, said the "world needs a fair price for oil."
"We are evaluating how we can stabilise the price of oil (within the 40 dollar to 50 dollar band)," he said.
He added later, however, he was certain the prices "will go up even further" than the 40 dollar to 50 dollar range, given rising prices of other goods.
(Excerpt) Read more at news.newkerala.com ...
Haven't we had about enough of this guy?
This is what Sens. Dodd, Biden, and Kerry want, isn't it?
He's up for reelection next year and he's probably just practicing his campaign themes. ;-)
The Vens have had their last free election.
I'm sure that both you and I share the hope that your prediction turns out to be somehow incorrect. ;-)
I don't have the link, but I read somewhere that the announcement that we were opening up the ANWR would drop the price of oil by $10/barrel (or something to that effect).
The theory (IIRC) was that the OPEC countries, who artificially manipulate oil prices, would have to up production or drop price, so that those companies/investors who would be interested in going into ANWR wouldn't because it wouldn't make financial sense.
But, why haven't we? Because some hippies chain themselves to a tree? Because the demoSTUPIDs, aligned with the granola coalition, yap on and on about destroying the "pristine" environment of ANWR, which, in actuality, is a mud bog? Because the leftists burn small businesses in Seattle, as if all of this is one big global cabal?
What planet are we on here?
Can the adults take over and figure this equation out?
Lead. Follow. Or, get the hell out of the way...demoKOOKs!
Uh, I'd love to see it get back down to $40-$50!!!!
At $50, I'm pretty sure that various alternative energy sources and conservation techniques will be viable. In addition, tons of American oil that isn't worth the hassles at $35 a barrel will now be worth pumping again.
With the notable exception of Saudi Arabia, the OPEC members who did the embargo in the '70s (and then doubled the price) have all fallen on hard times since. Just a note.
Bush and Cheney can't do it alone. The problem is Congress. Based on what you said about Bush, Id love to hear your assessment of Frist. :-)
Well, I was thinking the same thing. Let him spout his cr@p, and drill in ANWAR.
Not a tree hugger, but I am all for alternative energy from a strategic standpoint. If we don't need oil, we don't need them. The cash flow into these little sh*tholes around the globe will dry up and they will slip back into the irrelevance that they deserve.
The Vens have shown they trust Chavez for several times, just because he's doing a good job for them. They live in a free country, not like the Colombian. You should never forget, the Vens put him back to the job after he was kidnapped by parts of his own military. For the Vens, he is a true patriot.
At some point the OPECers will begin to price themselves out of the market. The US has vast reserves of tar sands and shale oil that can be tapped and developed as alternative sources when the price of crude gets too high.
As soon as the energy companies decide they can make as much money from alternate fuels as they can from crude oil, we'll all be burning alcohol and soy diesel. The OPEC nations will revert to the deserts and jungles they were before, and Chavez will be a footnote in large volumes of South American history.
Mr Chavez needs to be reminded that, as a member of the WTO, it is not nice to gouge the rest of the world by doubling the price of crude within six months. That is not what fair-minded nations do to one another.
It is pathetic that 11 nations, who have sand and crude at their disposal, can hold the rest of the world hostage with inflated prices for their product and still sit at the same world trade table?????????????
"For the Vens, he is a true patriot."
Sure if you overlook the little problems of the last election like kidnappings and drive by shootings at polling places. But, Jimmah Carter declared it a clean election so move along nothing to see here.
China will purchase every drop of Venezuela's oil.
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