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Tuesday, December 14, 2010

What Comes Around, Goes Around....

 President Hugo Chavez's government has sold China oil for as little as $5 a barrel and was upset that China apparently profited by selling fuel to other countries, according to a classified U.S. document released by WikiLeaks.

     Chavez relies on oil sales to his No. 1 client, the United States, to help fund his socialist-inspired programs. But he has been building up oil sales to China, and in October said oil shipments to China had reached about 500,000 barrels a day, in spite of higher transport costs to reach Asia.

     While Venezuela says it produces about 3 million barrels of oil a day, the U.S. Energy Information Administration estimates the amount at 2.2 million barrels a day in 2009, down about 190,000 barrels from 2008.

     The U.S. Embassy predicted that Venezuela's declining oil output and years of inadequate investment will eventually force "hard economic choices." It said "President Chavez will react when he can no longer ignore the problems in the oil sector."

     We're too stupid to drill our own oil and too stupid to get cheap oil from Mexico. If you look at what a gallon of gas costs in Mexico it would make you sick.

     High gas prices is the lefts way of pushing green initiatives based on the global warming fantasy. so what if the U.S. is losing thousands of jobs and people can't afford to keep warm in the winter.

     Chavez is smarter than we are. He knows how to drill off his shores. We won't because it's much more important to keep the liberal base happy than to be energy independent.

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