Tag Venezuela

Note to Hugo Chavez. Oil is fungible

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…

Hugo sings

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…

Venezuela

It’s not hard to find criticisms of Hugo Chavez in this country. Their socialist experiment, we are told, is doomed for failure. The recent news of Venezuela’s currency devaluation and two-tiered exchange rate have some shrieking failure. Mike Shedlock, on…