Venezuela is the Fifth largest oil producer in the world. On May 1 2007(May day) Hugo Chavez the President of Venezuela nationalized Orinoco Belt crude projects. Thousands of workers wearing red hats, helmets and flags backed by troops marched to occupy the multi-billion-dollar installations.
"Today, we are ending this perverse era," Chavez shouted, "We have buried this policy of the opening up of our oil ... an opening that was nothing more than an attempt to take away from Venezuelans their most powerful and biggest natural resource".
Behind him was a huge banner reading "Full oil sovereignty. Road to socialism".
This is a major event as Chavez has anti-American sentiments which has led him to befriend Iranian President Ahmadinejad. Iran is the fourth largest oil producer in the world. This is a severe set back to the US, which gives high priority to its energy security. Infact one can say that Iraq war was much more to do with energy security than "Weapons of mass destruction". Saudi Arabia is the biggest oil producer in the world followed by Iraq. US virtually controls the Saudi oil assets and oil assets of Kuwait and today Iraq. If the US does invade Iran, US would control the biggest oil assets in the world.
Russian military intelligence services are reporting a flurry of activity by U.S. Armed Forces near Iran's borders. U.S. Naval presence in the Persian Gulf has for the first time in the past four years reached the level that existed shortly before the invasion of Iraq in March 2003.
3 comments:
At the moment US cant afford a war with Iran.
The problem is more political than economical. US citizens dont want a war and any president promulgating war..will have to face lashes.
Hi, This is a bit unrelated but I am perplexed by this orkut forward that I received and I am wondering if you can share your insight on the matter. Is this a real solution for a real problem? Or is it just someone trying to create e-mailbox clutter?
Dear Friends!
Petrol in Pakistan Rs17 per litr
Malaysia Rs 18 per litr
In India it's 48 per litr
Why this difference in Asia itself? World Market CRUDE Oil is not
the reason for this. It's all Gain for private owners? As we are the general public, or Common Man as R.K.Laxman wud hv said, we have to raise our voice, let's raise thru Emails.
Forward this to all Indians who care.
IT HAS BEEN CALCULATED THAT IF EVERYONE DID NOT PURCHASE A DROP OF PETROL FOR ONE DAY AND ALL AT THE SAME TIME, THE OIL COMPANIES WOULD CHOKE ON THEIR STOCKPILES.
AT THE SAME TIME IT WOULD HIT THE ENTIRE INDUSTRY WITH A NET LOSS OVER 4.6 BILLION DOLLARS WHICH AFFECTS THE BOTTOM LINES OF THE OIL COMPANIES.
THEREFORE "THURSDAY MAY 22nd " HAS BEEN FORMALLY DECLARED "STICK IT UP THEIR BEHIND " DAY AND THE PEOPLE OF THIS NATION SHOULD NOT BUY A SINGLE DROP OF PETROL THAT DAY.
THE ONLY WAY THIS CAN BE DONE IS IF YOU FORWARD THIS E-MAIL TO AS MANY PEOPLE AS YOU CAN AND AS QUICKLY AS YOU CAN TO GET THE WORD OUT. WAITING ON THE GOVERNMENT TO STEP IN AND CONTROL THE PRICES IS NOT GOING TO HAPPEN. WHAT HAPPENED TO THE REDUCTION AND CONTROL IN PRICES THAT THE ARAB NATIONS PROMISED TWO WEEKS AGO?
REMEMBER ONE THING, NOT ONLY IS THE PRICE OF PETROL GOING UP BUT AT THE SAME TIME AIRLINES ARE FORCED TO RAISE THEIR PRICES, TRUCKING COMPANIES ARE FORCED TO RAISE THEIR PRICES WHICH AFFECTS PRICES ON EVERYTHING THAT IS SHIPPED. THINGS LIKE FOOD, CLOTHING, BUILDING SUPPLIES MEDICAL SUPPLIES ETC. WHO PAYS IN THE END? WE
DO!
WE CAN MAKE A DIFFERENCE.IF THEY DON'T GET THE MESSAGE AFTER ONE DAY, WE WILL DO IT AGAIN AND AGAIN. SO DO YOUR PART AND SPREAD THE WORD. FORWARD THIS EMAIL TO EVERYONE YOU KNOW. MARK YOUR CALENDARS AND MAKE MAY 22nd A DAY THAT THE CITIZENS SAY
"ENO
In India Petrol is 48 Rs per litr because of kerosene subsidy + taxes thats why in India Petrol is at such a high price. If we remove the subsidy portion we will be at par with international markets.
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