Comments on: Hugo Chavez Flunks Economics

By: RJN

RJN — Sat, 23 Sep 2006 20:52:29 +0000

I think we get refined product from Venezuela, which is a big deal. Isn't there a shortage of refineries in the U.S.?

By: Rick DeMent

Rick DeMent — Fri, 22 Sep 2006 11:57:22 +0000

Don’t we get oil from Mexico too?

Yes, but like Canada we are getting all we can from them.

By: Rich S.

Rich S. — Fri, 22 Sep 2006 01:15:02 +0000

The comments by this loony toons (Chavez) may do more good to the politics in this country than anything else. Even those that have voiced their hatred for our President in the past have come to his defense. This is our president and only we have to right in this country to call him names. If chavez wants to talk like a spoiled child that can't get his way. Then let him do it on his own soil.

By: TJIT

TJIT — Fri, 22 Sep 2006 00:45:38 +0000

Notice chavez is taking money from people who are really poor in Venezuela to subsidize the price of oil sold to comparably much richer US citizens.

For some reason the leftists cheer this action.

By: machs

machs — Thu, 21 Sep 2006 23:20:47 +0000

Chavez/Glover to open chain of Harlem 'Jiggy Lube' stations!

By: Christopher

Christopher — Thu, 21 Sep 2006 22:59:25 +0000

We have to forgive Chavez the Commie for being stupid.

Speaking of which, hey liberals! How does it feel to be on the same side as a thug communist? LOL! What's he old saying? "Politics makes odd bedfellows". But seeing as how democrats and communists share so many of the same beliefs-and I'm not talking just about stupidity or tyranny-maybe it is not so odd after all.

By: Ray

Ray — Thu, 21 Sep 2006 22:57:59 +0000

To me, Chavez threatening to cut off oil sales to America is like all those that threatened to leave America if President Bush won reelection, all talk no action.

By: Mark

Mark — Thu, 21 Sep 2006 20:04:47 +0000

Venezuela is the closest Exporting country other then Canada

Don't we get oil from Mexico too?

By: Rick DeMent

Rick DeMent — Thu, 21 Sep 2006 19:59:28 +0000

Actually we would have the same problems as hauling oil from farther away increases costs slightly. Venezuela is the closest Exporting country other then Canada but we already get as much as we can from them.

While it's true that it won't cause prince increases that will make much of a difference, it will cause some increase in the transportation of the oil that will replace it. Likely from the middle east.

By: BigFire

BigFire — Thu, 21 Sep 2006 19:46:47 +0000

There's also the matter of who's going to buy his oil. Venezualan crude oil is of heavy sulfur that requires more expensive refinement. The reason Venezuala sold their oil to United State is that we have the closest refinery (The Gulf Coast Refineries) that's close enough to the source to make the end price look good. One of the major reason for the recent (past 3 years) rise of fuel is the increase in demand, and the lack of shipping & refinery capacity to carry the fuel. Shipping it half way around the world cost more, and hits his own bottom line. If he decided to stop selling them to United State, it's his own choice. But he'll be getting less money, and it won't even make much of a difference to the Great Satan.