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enid602 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-06-09 04:56 PM
Response to Original message
2. Chavez
Colombia is fighting the FARC; nothing more, nothing less. Chavez just needs to keep up tensions so he can continue to be a newsmaker. I live in Argentina, and Chavez was on the news this morning, threatening to embargo Colombia. That would be an interesting choice for him, as 95% of his oil has such a high sulfur content that it has to come to special refineries in the US owned by Citgo, which is in turn owned by the Venezuelan Government. The Citgo assets have been used as collateral to get needed loans from the Chinese, who otherwise wouldn´t consider lending to Chavez. If anything were to disrupt Venezuelan oil shipments to the US, Venezuela would not be able to find a new market for them quickly. Chavez wouldn´t be able to repay the Chinese, who would be forced to foreclose on Citgo.

Chavez might be well advised to cool off for a bit.
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