Monday, May 15, 2006

UK - Chavez offers oil to Europe's poor

Reports the Observer.

Venezuela's president Hugo Chavez arrives in London today with an extraordinary promise to offer cut-rate heating oil for needy families in Europe, modelled on a similar campaign in the US which has been seen partly as a bid to embarrass President George Bush.

It's extraordinary, but not for the reasons the Observer thinks.

Perhaps Chavez is planning on sharing some of the oil he's
buying from Russia. Why would Chavez do that?

The result of the bad management and neglect, has been the steady erosion and near incapacitation of a major oil-producing region of Venezuela, the Western portion of the country, where as many as 10,000 wells have been estimated to have been rendered mostly useless.


No comments:

Brain Bliss