Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Venezuela's Chavez welcomes Russian warships

World Nov. 26, 2008 - 05:52AM JST ( 3 )

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buddha4brainsNov. 26, 2008 - 08:55AM JST

This will be interesting. With the election of Obama the stature of the US has risen significantly in South America. Seems like Venezuela may end up isolating itself from its neighbours. About time.

This visit was planned when petro dollars were being made by the tanker full, but now both Russia and Venezuela are caught up with everyone else in the collapsing economy. Sabre rattling is expensive - cheaper than war mind you, but it does not sell so well at home when jobs are going bust.
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bebertNov. 26, 2008 - 02:47PM JST

$50 a barrel isn't a bad price historically, but it is closing down some oil sands and deep sea drilling projects. Oil prices will recover with the global economy in about a year. So Russia and Venezuela will be fine long term, as opposed to the U.S. - which only drills for more and more debt.

I wouldn't be so optimistic about an Obama government if I were Russia. He is staffing his cabinet with former Clinton cabinet members and the Clintons were just as hostile to Russia as Bush has been. In fact, it was Clinton who supported all of the thieving, gangster Oligarchs that Putin had to put in prison or drive into exile.
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Helter_SkelterNov. 26, 2008 - 04:25PM JST

When oil is finally rendered useless by alternative energy sources, these despotic nations like Venezuela, Iran, etc. will return to their third-world irrelevancy. And the sooner the better.