Chavez threatens oil cuts to U.S.

First the Canadian line bursting now Chavez. With oil retreating sharply from 100 I think something real fishy is going on. There's no doubt that Chavez is a loud mouthed jerk and a brown nazi. I don't think we can take him out but his own people might. The guys a loon. Revolution soon in South America.

 

Great post.

Chavez has lost it-i see he's already canvassed the possibility of his countries oligarchs "influencing" election results, for his annointing as holy socialist emporer.

Lets see what happens, but its obvious either way-he wins, has an eternal mandate, or he loses, "obviously" because of US meddling and those terrible oligarchs, translation, executive decision, he will take control anyway.

Classic realpolitic, i didn't think he had it in him, but he really is bonkers.

 

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Cesko: Position of weakness: 10+trillion most productive economy in the world against commie asshole who has got nothing else to sell than oil?

There was a long article in NR explaining in detail why oil is almost completely useless as an economic weapon.

How the hell do you form your opinions????


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April 19, 2008

SouthAmerica: Reply to Billdick

Cesko keep saying that we are the same person on his postings when it would be obvious for someone who is just half smart that we are not.

He said on his posting: “10+trillion most productive economy in the world”, but he forgot to say that this particular economy depends on borrowing 89 percent of world savings year after year to stay afloat.

And today even its biggest banks and important parts of its financial system needs to go around the world hat in hand begging people from various governments for money to capitalize them and keep them alive a little longer and to prevent them from going out of business.

Cesko also said: “There was a long article in NR explaining in detail why oil is almost completely useless as an economic weapon.”

I think he means to say an article in NRA (National Riffle Association) – why oil is almost completely useless as an economic weapon even if some group managed to block the Straight of Hormuz for a period of time. (That it would have very little implication for the global economy.)

These are a few examples of Cesko’s wisdom and enlightenment for our group.

And I have no idea how he forms his opinions – maybe by watching Fox News on cable. (A very good source for misinformation and spin doctors opinions.)

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The US is far from dependent on borrowing 89% of the world's savings to stay afloat.

We just are in the precarious situation of not knowing how to accept politicians saying 'no, lets spend not spend more than we taken in.'

Those are two very different problems. If the US were forced to deal with the issue, we could go from budget deficit to surplus within months with plenty of freedom. Cutting the military involvement, some excessive addons to medicare, etc. could do it in a second. All this would take is some abrupt voter and representative action.

Thats far from 'dependent'. Dependent is knowing your country is in poverty with $40 oil, needing to find a way to keep it above $100 just to keep your ahead above water. Having all of your eggs in one basket. Thats 'dependent'. Same goes for Iran.

The US has a far greater margin with to move than Venezeula or Iran, who is dependent on one commodity.

 

He needs to keep prices above $100.00 for PDVSA to be able to handle the difference between the looting and optimal efficiancy.....he is bluffing for sure...it would bring him to a screaching halt....his party would be ova

 

It wasn't a main pipeline, just a gas line that a construction backhoe hit. I'm sure it's back 'online' now...

 

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Scriabinop23: The US is far from dependent on borrowing 89% of the world's savings to stay afloat.


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April 19, 2008

SouthAmerica: But the United States has been borrowing close to 90 percent of global savings for at least the last 5 or 6 years and in the process the US has accumulated a ton of debt.

By the way, today the United States it is not a master even of its own destiny, since over 70 percent of the US dollars ever created – trillions and trillions of US dollars – are flying around the world completely outside of the US government circle of influence – if these holders of US dollars decide to dump it on world markets there is very little the Federal Reserve or the US Treasury for that matter can do to stop a massive US dollar meltdown.

I like the term that Warren Buffett uses to describe that type of currency: Confetti.

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Okay i don't read Southamerica's threads much - just too long winded.....BUT...from Thrifty I think....

"As long as dollars buy oil, China can outbid us for whatever oil it wants till the price is so high that the US goes into recession or hyperinflation.."

THAT is a first for me - amazing eye-opening quote for me!!!

One of my best buds is Venezuelan - Chavez is such an unbelievable fuckup feeding on the stupid for support, but he's still the number one over there - but he's a big mouth like Ahmadinejad. Both a bunch of little Napolean wannabes!!

Fuck 'em - when the world runs dry, we have the technology and money for alternatives, PLUS what we have in the Colorado shales.

 

As long as Chavez keeps it talk only and no action things will be okay. But when you fuck with the US in that level then gloves come off, we send our boys from CIA/SAD and things will get ugly for him.

Chavez still has a lot to learn.