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Socialist Unity on Venezuela’s threat to stop selling oil to the US if attacked by Columbia If actually carried out, such a threat would be a big blow for the Venezuelan economy. More than 90 percent of its export earnings are from oil. The United States is the top buyer of oil from Venezuela, which [...] http://www.youtube.com/watch?v=d55CSEZvAP0&feature=player_embedded Marc Cooper This is so stupid, I am not going to bother to translate this little ditty from Hugo Chavez. The gist of it is that he expresses sorrow for all of the poor people condemned to live in the U.S. and then he sings a song about how he doesn’t love Hillary [...] Venezuela is also donating $100 million “for starters” to aid in recovery. May many more countries follow Venezuela in their humanitarian and generous effort to help Haiti. Venezuela has just devalued its currency, and also instituted a two-tiered system of exchange – three if you count the black market. “The bourgeois are already talking about how all prices are going to double,” [President Hugo Chavez] said “People, don’t let them rob you. Denounce it and I’m capable of taking over that [...] Coming soon to Venezuela: Armed militias answerable only to Chavez There is no ambiguity on where the militias’ loyalties lie. Not with the Venezuelan state, not with the military, but directly and personally with Chávez. Early on with Chavez, when I thought Chavez represented something truly new and democratic, a friend who has followed South [...] Chavez warns of war with Colombia. Dead rebel’s laptop shows Chavez is funding rebels, Colombian police say. Won’t stop oil shipments to U.S. It was a toothless threat anyway. If Venezuela stopped shipping oil to the US, the US would just buy it someplace else. Venezuelan President Hugo Chavez, who has threatened to cut off oil sales to the U.S., said reports that making such a decision would hurt his country’s economy are false, and that Venezuelan oil can be sold anywhere. Well of course it can. And by the same measure the US can buy oil anywhere, including [...] President Hugo Chavez on Sunday threatened to cut off oil sales to the United States if Exxon Mobil Corp. wins court judgments to seize billions of dollars in Venezuelan assets. John Robb says “might be an interesting test of the fungibility of oil…” I’d say oil is quite fungible, which means any oil is about [...] |  | ||||
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