Thursday, August 25, 2005

The truth about Hugo Chavez

Yesterday, while Robertson was issuing his half-baked Chavez clarification, the Venezuelan president was in Montego Bay, Jamaica, where he announced a new oil agreement with that country's prime minister, P.J. Patterson.

Under the agreement, Venezuela will supply 22,000 barrels of oil a day to Jamaica for a mere $40 a barrel. That's far lower than the current world price of about $65 a barrel. With the price of gasoline in that destitute nation already more than $3.50 a gallon, the Chavez plan means more than half a million dollars a day in savings for Jamaica on oil imports.

Chavez also announced his government will provide $60 million in foreign aid to Jamaica and finance the upgrading of that country's oil refineries.

The agreement is part of a broader Chavez plan called Petrocaribe, which he unveiled at a Caribbean summit in Venezuela last June.

At that conference, Chavez offered the same kind of deal to the leaders of more than a dozen other neighboring nations, including Dominican Republic President Leonel Fernandez and Cuba's Fidel Castro.

Fernandez jumped at the offer because his government is nearly bankrupt from oil prices. Last year, the Dominican Republic spent $1.2 billion on oil imports; this year, it expects to fork out more than $3 billion. The price of gasoline in Santo Domingo has zoomed past $4 a gallon in recent days.

Pat Robertson looks at Chavez and sees a devilish danger. He wants our government to "take him out." Over at the White House, Bush and his aides may use more restrained language, but their goals are not much different.

But there's a whole different view down in Latin America, where a half-dozen nations have seen liberal and populist governments swept into office in recent years.

Down there, Chavez has become the new miracle man of oil. Unlike Exxon/Mobil and the Big Oil fat cats, who wallow in their record profits while the rest of us pay, Chavez is spreading the wealth around.

A dangerous man, indeed


Link

0 Comments:

Post a Comment

<< Home

eXTReMe Tracker