Venezuela offers fuel, food to hurricane-hit US

Yahoo News | 8/30/05

[Victor]

CARACAS (AFP) - Venezuelan President Hugo Chavez offered to send food and fuel to the United States after the powerful Hurricane Katrina pummeled the US south, ravaging US crude production.

The leftist leader, a frequent critic of the United States and a target himself of US disapproval, said Venezuela could send aid workers with drinking water, food and fuel to US communities hit by the hurricane.

"We place at the disposition of the people of the United States in the event of shortages -- we have drinking water, food, we can provide fuel," Chavez told reporters.

Chavez said fuel could be sent to the United States via a Citgo refinery that has not been affected by the hurricane. Citgo is owned by Venezuela's state-owned oil company, Petroleos de Venezuela (PDVSA).

In the Gulf of Mexico, which accounts for a quarter of total US oil output, 92 percent of crude and 83 percent of natural gas production were shut down due to Hurricane Katrina, which slammed Louisiana and Mississippi, according to US government data.

Venezuela is the fourth-largest provider of oil to the United States, supplying some 1.5 million barrels a day.

Last week, Chavez offered discount gasoline to poor Americans suffering from high oil prices and on Sunday offered free eye surgery for Americans without access to health care.

[Shannon]

You could be right because I guess it's more glamorous when it's another country needing help. But I'm not so sure. I think by tomorrow evening we'll start hearing of a "Katrina Aid Concert" or something like that. I remember hearing with the tsunami that the actress Sandra Bullock donated one million. I hope those of that ilk are as generous when it's in their backyard.

[Iscool]

Who is "they?"

They is whoever jacks the price up...Maybe it's a he or she...If I knew their names, I wouldn't have said 'they'...

[Cobra64]

Perhaps the international futures market traders on Wall Street, London, Moscow, China, Germany, Japan... might be "they."

Then agin maybe it's two guys at the executive offices employed by Chevron sitting on the 50th floor in San Francisco that controls the oil market.

Now I get it.

*rolling eyes*

When I wake up to reality, I will write a letter to Chevron, telling "them" that I will not buy 20 gallons of gasoline next week.

[Wiseghy]

OK, it may be just too obvious to mention, but I'd say meglomania is this real motivator here.

I'm starting to grasp that he really believes that he can lead a socialist revolution Norte America too.

Amazing.

[Iscool]

Perhaps the international futures

Hey, I hope your eyes don't get stuck up there in your head somewhere...

But like you said, the futures market...This is not the future...The fact that some refineries are down didn't affect the cost of the gas that in the ground at the stations or the storage tanks it is in...

Whoever they are, are the ones who are gouging us TODAY...No justification for a price increase TODAY...And BTW, shake your head...It'll loosen your eyballs up...

[Cobra64]

Ever take a course in Finance? Or Economics? Or Accounting? Ever work in the oil industry? My wife worked for years for Texaco Oil. You know, one of those fuel pumping stations where you can buy gasoline that you put in your car to make it run. She worked in the spot trading sector in Texaco's New York National headquarters. She bought millions of barrels of crude on the spot market. If you would like to enlighten us on your expertise in the petroleum market, then follow up on this topic. You are out of your league. Ever write part of the annual report for Texaco's TIMM. Texaco International Mining and Manufacturing? Signed ny Peter BiJure. Have you met, and hosted the President's Cup for Texaco for the Europeans at the home of Paul B. Hicks in Greenwhich, CT. Have you put together thousands of slides for international European meetings throughout Europe? Have you been to the Soviet Union and seen thousands of gallons of crude pumped out out of the ground with no transportation trucks to take the crude to a refinery?

Too many people who have no flippin clue about the dynamics of the petroleum industry.

To make it simple for the simpletons on this planet: Think of a spider web. I*f y'all can't grab that concept then ... The light bulb is burned out.

[wmileo]

Look for Chavez to get Great Americans like Harry Belefonte, Danny Glover, Jesse Jackson and Jimmy Carter to broker the deal. It will be covered on Air America by outstanding journalist such as Al Franken and Jeannie Garafolo.

[shield]

Sure we'll take it...why not...we're always there when we're needed...ALWAYS!!!

[Iscool]

I'm impressed...I realize everyone's a simpleton that isn't involved in the oil market and I hope you don't hurt your arm patting yourself on the back but in the meantime, explain it to us 2 or 3 simpletons on FR...

When the wholesalers ship gas to the retailers whether it be by pipeline or truck that they bought for x number of dollars from the refinery last week, or last month, how does the wholesaler justify jacking the price up on his existing supply???

[Cobra64]

You're dealing with the wrong cowboy. I've been in supply & chain distribution logistics for 20 years. We moved 16,000 tons of steel a year. Gee, how does that work? 1-800-FEDEX?

IBM PC Company based in Research Triangle Park in NC (that's short for North Carolina). We put together a totally integrated Manufacturin/Distribution/Warehouse Mgmt./AR/Ap/GL solution in less than a year.

In the end, we had thousands of IBM employees using our systems' solutions.

BTW, I conducted a 5 day training class which was filmed for tape playback for new hires.

[Iscool]

You're dealing with the wrong cowboy. I've been in supply & chain distribution logistics for 20 years. We moved 16,000 tons of steel a year. Gee, how does that work? 1-800-FEDEX?

The more you talk, the more impressed I get...The company I work for ships on average about 1800 metric tons of steel per month... So what???

You started out with sarcasm and keep building this pedestal that you're climbing up but haven't addressed the simple question from this simpleton...But that's alright...Nevermind...You're probably too busy helping Al Gore invent the next space shuttle anyway...

[Cobra64]

never mind. some people do not understand economics or simple accounting.

[azhenfud]

You mean Koffing Anus? he has a food-for-oil scam to cover up.

[JoeSixPack1]

Jan Egeland, UN undersecretary general for humanitarian affairs and emergency relief coordinator

snipet:....But U.N. Undersecretary-General for Humanitarian Affairs Jan Egeland suggested that the United States and other Western nations were being "stingy" with relief funds, saying there would be more available if taxes were raised.

http://www.washingtontimes.com/national/20041228-122330-7268r.htm

[WolfRunnerWoman]

Food, water, fuel and a heapin' helping of revolution.