Posted on 11/07/2008 3:37:57 AM PST by WellyP
CARACAS Petroleumworld.com, November 07, 2008
Venezuela will keep buying weapons from Russia and China in the next five years to build up "a sufficient force" to defend its oil reserves from countries like the United States, said Operations Command chief General Jesus Gonzalez in an interview with AFP.
(Excerpt) Read more at petroleumworld.com ...
Those “piles” will be quite interesting with no one to use them..
Hey! He's the guy who mows my lawn!
Hussein Obama is no JFK !!
When oil gets down to $30/bbl, they’ll be lucky to buy slingshots.
yes...that’s the point. they now know they can use those weapons against other SA countries without consequence.
Venezuela has a budget that requires $100 per barrel oil. They have election in a few weeks and Chavez and company does not have his usual extra cash to throw around as they usually do. They are sucking air right now and do not have the international reserves to support their imports for more than a few months, 6 months at the most, if we can keep the price of oil down. Likewise, Russia is budgeted for $84 per barrel oil and they are loosing money on every barrel they export if the price is below that margin.
Chavez, u’re not important enough to kill
Someone forgot to tell Hugo that oil is under $60.
Oh wait, soon it will be back to $147, considering the only way it won’t make us “sick” (Harry Reid) is to have it so expensive no one can afford it.
OPEC Basket $58.94 11/05
Venezuelan Basket: $54.55 10/31
11/06:BRENT IPE $57.62 NYMEX WTI $60.77
11/06: US$/VBOF:Parallel 5.00-buy 5.20-sell
11/06: 1 Euro:1.2713 US $ ( 2200 GMT )
Venezuela will keep buying weapons from Russia and China in the next five years to build up “a sufficient force” to defend its oil reserves from countries like the United States,
Right.. Like this statment fools anyone. Everyone knows those weapons are to be used to control his own people who are getting increasing disgusted by this morons actions.
The ‘weak’ dollar has really taken a jump on the euro and pound. I don’t ever remember the pound being 1.57 and the euro being less than 1.47. Quess the dollar remains the international currency
"Countries like the US?" What are the countries "like" the US?
“Venezuela Missile Crisis ?? Hussein Obama is no JFK !!”
But...but...but...Chavez loves Hussein Obama.
I’d like to see them get into a real brawl with Colombia. Not for the geopolitical consequences, but just for the sheer sport of watching the elite (read: American trained!) Colombian military kick socialist ass. With
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