Obama's Latin policies in play
There is a fierce behind-the-scenes battle for influence over presumptive Democratic candidate Barack Obama's Hispanic and Latin American agenda, and some Democratic strategists say that its outcome could ...
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#1 Oct 19, 2008
The end of capitalism is not a good thing. Venezuela already charges us a premium for oil and we buy 50% of it at least while they let other countries buy it for less and mortgage their purchases over a period of 25 years.
And you people want to put Obama in the White House. Another lefttist. The people in Venezuela are starving becuase of what Chavez has done to his country. They cannot even pay for the social programs. All you Venezuelans know that that media talk about the food subsidies and socialized healthcare is balony or you wouldn't be here. Most of our Latin American population has run from this very same thing. And our Jewish population needs to be very afraid as well.
This man has plans to sell all his gas to China. So why are we making that possible. Why are we buying everything Chinese? He's planning to cripple us. And we are making it possible.
Let me tell you what it is called. It's called spreading the wealth. Only globally.
Venezuela says expects OPEC to cut supply at meet
CARACAS (Reuters)- Venezuela's economy minister expects OPEC to agree to cut oil supply at an emergency meeting next week to stem crashing world prices by bringing supply and demand into better balance.
The minister, Ali Rodriguez, who is a former OPEC president and a longtime advocate of Venezuela's hawkish stance to bolster prices, reinforced the emerging position among the organization's members that supply will be reduced Oct. 24.
"It is likely there will be a cut" at the meeting, he said in an interview broadcast on state television late on Friday.
OPEC's president has said a cut is likely and Qatar's oil minister has said it could be about 1 million barrels a day from an organization that supplies the world with about a third of its oil supply.
Oil prices have plunged in recent weeks as a global credit crunch has spurred fears of recessions worldwide that would slash demand for oil. Prices lapped up at $150 a barrel in July but have fallen to less than half that this week.
Leftist Venezuelan President Hugo Chavez depends on oil revenue to sustain his high spending on the majority poor of his nation. If oil stays at its current levels for long, he likely will have to use other sources of income -- such as loans or savings funds -- to keep programs of food subsidies and free health clinics
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