$50 per Barrel and Venezuela's Economy and Hugo Chavez's Plans

Venezuela and Hugo Chávez and have declared themselves enemies of the United States of America and they have called the President of the United States the devil. However, it looks like the devil made him do it and sulfur still taints the undergarments of Hugo Chávez.

Hugo Chavez needs money to run his country and since his country is a communist country and the state run oil company pays the bills there is a good chance that Hugo Chavez and Venezuela could run out of money.

This is because state run oil companies in communist countries often are inefficient and therefore do not operate at optimum. Some oil analysts predict that when oil stays below $50-$60 per gallon that Venezuela's economy will suffer and Hugo Chávez will not be able to deliver upon all the promises he has made to the Venezuelan people. This may force him into early retirement.

Likewise Hugo Chávez has been out buying weapons from Russia and other places. Things like new fighter planes, attack helicopters and machine guns. But someone has to pay for all this and if oil barrel prices go too low then the Venezuelan economy will collapse like the fall of the Soviet Union. However, we must also realize that Hugo Chávez is serious in his hate for America. Please consider all this in 2006.

Article Source: http://www.content.onlypunjab.com

Lance Winslow, a retired entrepreneur, adventurer, modern day philosopher and perpetual tourist.

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