Thursday, August 11, 2005

Onward and Upward 

I can almost hear the moans from Eastern Caracas as the price of oil hit $66 a barrel today. Considering that for Venezuela's opposition ousting Chavez is more important than their country's welfare they almost invariably root for oil prices to go down. They seldom say that publicly but its true. They know the more oil money Chavez has to fund social programs the less chance their is of them winning an election. I guess you could say Chavez has them over a barrel - pun intended.

Anyways, the CNN article on oil prices had this nice little graph showing who produces oil and who consumes it. No surprises here.


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