MiamiFlorida
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- Aug 4, 2005
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Venezuela's dictator in waiting, President Hugo Chavez again has threatened the United States with canceling the sale of crude oil. He did so from the ''anti-imperialist tribunal'' with which his followers have been amusing themselves this summer, an anti-American circus where participants insult Bush and his Cabinet with all kinds of epithets.
According to Chavez, if Venezuela stops exports to the U.S., it has a replacement buyer: China. Venezuela provides 16% of all imported oil. Such a move could cause the U.S. economy to enter into a recession.
The only way to classify this attitude on the part of the Banana Left would be Suicide Ignorance.....just to get the chance to poke the gringo in the eye.
If the U.S. were to enter into a recession, so would the rest of the First World....and a lot of Thrid World economies would go under.....Venezuela included.
A U.S. recession would, for example, reduce its imports from China, thus cooling China's growth and leading to a lesser need in Beijing for Venezuelan oil.
But I think it would be good for us if Chavez made good on his promise.
Since 1973, more than 30 years ago, we have known that we cannot depend on oil imports, especially because a great portion of the reserves of that fuel lies in territories that are politically unstable and potentially hostile to the United States.
Ever since, all U.S. presidents have insisted that they'll put an end to that, yet have never done so. Irresponsibly, all of them have gone for the short-term fix, in deference to private economic interests, merely stimulating partial measures that have not pried the problem from its site.
Perhaps this is our wake-up call to lead the way for ending the developed world's dependency on fossil fuels.
If I were Chavez, I would be careful what I wish for. It may come true.:lol:
According to Chavez, if Venezuela stops exports to the U.S., it has a replacement buyer: China. Venezuela provides 16% of all imported oil. Such a move could cause the U.S. economy to enter into a recession.
The only way to classify this attitude on the part of the Banana Left would be Suicide Ignorance.....just to get the chance to poke the gringo in the eye.
If the U.S. were to enter into a recession, so would the rest of the First World....and a lot of Thrid World economies would go under.....Venezuela included.
A U.S. recession would, for example, reduce its imports from China, thus cooling China's growth and leading to a lesser need in Beijing for Venezuelan oil.
But I think it would be good for us if Chavez made good on his promise.
Since 1973, more than 30 years ago, we have known that we cannot depend on oil imports, especially because a great portion of the reserves of that fuel lies in territories that are politically unstable and potentially hostile to the United States.
Ever since, all U.S. presidents have insisted that they'll put an end to that, yet have never done so. Irresponsibly, all of them have gone for the short-term fix, in deference to private economic interests, merely stimulating partial measures that have not pried the problem from its site.
Perhaps this is our wake-up call to lead the way for ending the developed world's dependency on fossil fuels.
If I were Chavez, I would be careful what I wish for. It may come true.:lol:
