"$80 to $100 Is A Fair Price For Oil..."
11/26/08 21:40
According to
our “friend” President Hugo Chavez
of Venezuela at today’s press
conference with Dmitry
Medvedev “President” of Russia: "Let's
look for a band between $80 and $100; we're
thinking about that," Chavez said Monday. "We
think that price would be a fair price for oil."
Venezuela & Russia are seeking OPEC production
cuts...
Why?
Because
these countries cannot finance their aggressive
agendas if oil falls to $60 per barrel.
Economists suggest
Russia’s government goes into deficit if oil
falls below $90 per barrel. It is believed
Venezuela’s expansionist plans require at $80
per barrel or above.
As long as we remain addicted to foreign oil (up to 80% of our trade deficit) our “friends” in Venezuela, Russia and Iran will hold us hostage. We will remain hostage until we develop policies to help us become more efficient and eliminate this dangerous dependency.
As long as we remain addicted to foreign oil (up to 80% of our trade deficit) our “friends” in Venezuela, Russia and Iran will hold us hostage. We will remain hostage until we develop policies to help us become more efficient and eliminate this dangerous dependency.