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http://abcnews.go.com/Business/Econo...6589473&page=1
Looks like due to low oil prices, Chavez is going to quit giving away discount heating oil to low income people ,then after a couple days he keeps the program running. CUT 'N PASTE: "He's just running out of money," said Mark Falcoff, a Latin America expert at the American Enterprise Institute, a conservative Washington think tank. "He needs that money to buy friends in Latin America as part of his attempt to expand his influence. But as we Americans know better than anybody, you can't really buy friends, you can only rent them." ... "Obviously, he's a lot more magnanimous when oil prices are at $100 a barrel than when it is at $40 a barrel," said Phil Flynn, a vice president and analyst with Alaron Trading. "Chavez's entire reign and popularity really has been built upon high oil prices and his using of the country's oil profits to further his political agenda." END CUT 'N PASTE |
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