Wasting the People’s Money

That Hugo Chavez, such a card eh?

The Venezuelan president, who sits astride the world’s fifth largest
oil reserves, used a press conference with Ken Livingstone, the Mayor
of London, to make an extraordinary offer to supply cheap fuel direct
to poor Britons who face soaring energy bills.

"We have two refineries here, one in the north, one in
the south," said Mr Chavez, who also met trade unionists, Labour MPs
and supporters of his socialist project – though notably not Tony Blair
– during his two-day visit.

"These
refineries would be used to help the most needy people in London, in
Great Britain, especially in the winter. If prices continue to rise,
people will not be able to afford them. People will die."

Mr
Chavez has used similar schemes to supply bargain fuel to neighbouring
countries and even to poor communities in the United States – much to
the ire of those in Washington who regard him as a dangerous populist.

Mr
Livingstone – who later hosted a lunch for Mr Chavez and 100 luminaries
of the British Left, as well as Peter Voser, the chief financial
officer of Shell International – said his officials were discussing the
logistics of the scheme.

"Anything that could be
done by the president to ease the oil-cost burden of a world city would
be welcome," said the mayor. In exchange, London would offer Caracas
the benefit of its expertise in "traffic management schemes".

Exporting traffic managment schemes….how capitalist! We export services and receive natural resources, straight out of the Milton Friedman playbook.

But the larger thing, Chavez supplying cheap fuel to Brits. We in Britain are vastly richer than most in Venezuela. This is thus a subsidy from the very poor to the rich (yes, compared to the slum dwellers there, everyone here is indeed rich). Isn’t this the way socialism so often works out? The poor paying for the rich?

6 responses

  1. I had exactly the same thought. The oil does not belong to Chavez, yet he behaves as if it does.

  2. Other than on moral grounds, I can’t see what on earth people in the UK would object to this proposal. If some dickhead in another country wants to flog someone else cheap oil, what’s the problem? It’s not like he’ll find some other method of empoverishing his own people anyway.
    Tim adds: Absolutely. Take what you can get….but it is still strange to see the poor subsidize the rich

  3. dsquared Avatar
    dsquared

    If it makes it more politically difficult for the UK to support a coup in Venezuela it might be cheap at the price.

  4. Peter Spence Avatar
    Peter Spence

    What we need here (Peu) is something to stop Chávez from fomenting a coup in this country. Couldn’t he stay with his fellow moron Livingstone for a couple of months – at least until the presidential elections are over?

  5. A coup in Venezuela and Chávez dangling from a lanp-post would send me into paroxysms of mirth. This guy needs to be nipped in the bud before he causes any more trouble. The real catastrophe would be the complete collapse of the Venezuelan economy, with concomitant effects in the region. Judging by how successful Latin American socialists have been in the past, this can only be a matter of time. Chávez deserves lynching if for no other reasons than his support for Leftist narco-terrorism in Colombia, and his cozying up to Islamists.

  6. I understand Chavez is having to buy oil from Russia to fulfill his contracts as some 10,000 wells are not functioning due to lack of maintenance and spare parts…..the crime rate has soared and the elvel of poverty is the same as in 1998 a year before he took power. No mention of two failed coup attemtps either…..

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