shoeless
Thursday, 18 May 2006, 9:56 am
I have been buying Citgo exclusively for some time. They are the only major oil company which is not a part of the global oil cartel. Furthermore, Chavez uses the profits to benefit the poor in his, as well as those other Latin American countries. Many Carribean Islands would be completely destitute without the system of barter he has instituted in which he trades oil for whatever products and/or services those countries can supply.
That is the real reason Bush and the oil barons want to overthrow him, and the reason Bush has sanctioned Venezueala. He is trading oil for something other than dollars.
Link: BUSH'S DEEP REASONS FOR WAR ON IRAQ: OIL, PETRODOLLARS, AND THE OPEC EURO QUESTION Iraq was one of the first OPEC countries, in 2000, to convert its reserves from dollars to euros. At the time a commentator for Radio Free Europe/Radio Liberty predicted that Saddam's political act "will cost Iraq millions in lost revenue." In fact Iraq has profited handsomely from the 17 percent gain in the value of the euro against the dollar in that time. <9>
Meanwhile Hugo Chavez has been taking Venezuelan oil out of the petrodollar economy by bartering oil directly for commodities from thirteen other third world countries. Although this has not yet qualified Venezuela for official membership in Bush's "axis of evil," the heavy hand of the Bush Administration in the recent coup attempt against Chavez was only too obvious. (See "Venezuela Coup Linked to Bush Team," London Observer, 4/21/02, for details about the roles of US officials Elliot Abrams, Otto Reich, and John Negroponte.)[/quote]
Venezuela promises discounted heating oil and free eye surgery to U.S. poor