"$80 to $100 Is A Fair Price For Oil..."
11/26/08 19:40
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.
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