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Published: Sunday, July 16, 2006
Venezuela has paid off 70% of
the US$220 million owed to the World Bank Recently Brazil, Argentina and Mexico have paid
back billions of dollars in loans from the IMF and other lenders with the help
of strong export earnings. Venezuelan oil shipments to the US fell 6% in the first
four months of the year as President Chavez Frias follows his plan to diversify
Venezuelas customer lease. More oil is going to China and India, markets 7
times more distant than the US. The switch costs Venezuela an additional $3 a
barrel ... but higher prices take up the difference. The situation of Venezuelan supply is very
important to the US. Our administration in Washington has tried to assassinate
President Chavez and has twice tried to keep him from winning
office. Quite frankly the neocons are
getting exactly what they deserve. Unfortunately, it is the American people who have to
suffer ... we expect over the next four years that Venezuela will phase out a
majority of oil sales to the US and they will sell off CITGO.
The Senate Foreign Relations Committee met last month to
discuss Venezuelas reliability as an oil supplier ... they are concerned
and they should be. Our foreign
policy is simply dreadful. The GAO says a six-month loss of Venezuelan crude would
raise oil prices $11.00 a barrel. We see that as almost inevitable. Senator
McCain says find alternative oil supplies ... we say where? The Chinese have already been there and done that while
our elitist lunatics have been invading and occupying countries to steal their
oil. The problem is not the oil producers; the problem is our
whacko government run amok. Venezuela can sell its oil to whomever it pleases
and that now includes new clients such as China, India, Jamaica, Haiti, Paraguay
and Bolivia. President Chavez idea to build a $4.7 billion pipeline
across Colombia would cut 10 days off the trip to Asia and make for higher
profits. It makes lots of sense.
Talks over supplies of military aircraft for Venezuela are
underway with Russia. Russia delivered 3 out of 15 MI-17V5 H1P-H multipurpose
helicopters in March and supplied 30,000 of 100,000 Kalashnikov assault rifles
under a $59 million contract in June. They are now negotiating the sales of several
dozen of SU-30MK Flanker C Air superiority fighters to replace US F-16s.
Venezuela will increase oil
exports to China by 300,000 barrels a day, up from 168,000 presently. Oil
production is expected to rise to 2 million bpd. THE
INTERNATIONAL FORECASTER Complete archives at http://www.sitbot.net/ Please let us stay on topic and be civil. OM YAHOO! GROUPS LINKS
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THE
INTERNATIONAL FORECASTER editor Bob Chapman
writes:
Work is in progress with the World Bank on
US$200 million in projects involving water and sanitation in urban areas,
environmental protection, improving conditions in the slums and community
development for indigenous groups. - [cia-drugs] Venezuela has paid off 70% of the US$220 ... Vigilius Haufniensis
