U.S.-VENEZUELAN BUSINESS TIES ALIVE AND WELL
Fortalecen relación Washington y Chávez
Buenos Aires, Argentina-Pese a sus mutua retórica confrontativa, Washington y Caracas ahondaron sus lazos comerciales con el plan de inversiones por 500 millones de dólares para 2006 anunciado por la empresa Citgo, la filial estadounidense de Pdvsa, para mejorar sus refinerías en los Estados Unidos. The full story is in today's Reforma, of Mexico.
P.S.: A week ago we reported in my column that Venezuela's exports to the U.S. soared from $15.2 billion in 2001 to $34 billion in 2005. And it wasn't just oil: Venezuela's exports of iron, steel and vehicles to the U.S. grew as well.
Buenos Aires, Argentina-Pese a sus mutua retórica confrontativa, Washington y Caracas ahondaron sus lazos comerciales con el plan de inversiones por 500 millones de dólares para 2006 anunciado por la empresa Citgo, la filial estadounidense de Pdvsa, para mejorar sus refinerías en los Estados Unidos. The full story is in today's Reforma, of Mexico.
P.S.: A week ago we reported in my column that Venezuela's exports to the U.S. soared from $15.2 billion in 2001 to $34 billion in 2005. And it wasn't just oil: Venezuela's exports of iron, steel and vehicles to the U.S. grew as well.
posted by Andres Oppenheimer at 7:51 AM
Get our feeds
15 Comments:
Unfortunately, a $480 three month subscription to reforma.com is not tax-deductible.
Chavez will continue to take advantage of our free trade policies to float his totalitarian government for years. Chavez needs money pumped into the Venezuelan economy to fund his socialist programs. He is just re-writing some of the pages in Castro’s playbook.
Hugo Chavez wants Venezuela to separate from the U.S., but breaking relations with a country that is your main revenue generator is not simple. That doesn’t mean that Venezuela is not setting the ground for an eventual breakup. There is evidence showing that Chavez may be moving faster than analysts think:
-The latest data from the Energy Information Administration shows Venezuela moving down from fourth to fifth place in the U.S. oil suppliers ranking. Venezuela is selling 182,000.00 barrels a day less to the US than a year ago, that is a 11% decrease.
-Venezuela is selling one of its U.S. based CITGO refineries for US$ 4.5bn. The refinery processes 268,000 barrels a day.
-Venezuela is aggressively investing in new refineries based in politically friendly markets. For instance, last week Cuba and Venezuela announced the reactivation of Cuba based Cienfuegos refinery.
-Venezuela has offered wide access to its oil reserves to energy thirsty China.
What is the earliest Venezuela can afford breaking relations with the U.S.?
An educated guess is early 2007, just after Chavez’s re-election. In that way he could radicalize his political project without a U.S. Ambassador making troubles at home.
However, Chavez is full of surprises. With US$ 25bn in his current account and US$ 21bn in foreign reserves he has enough cash for the country to afford a sabbatical. A breakup with the U.S. could generate political dividends for a leader skilled at leveraging Anti-Americanism. If Chavez is willing to use his piggy bank the breakup could happen anytime.
A trade relationship with the US benefits both sides, and Chavez knows this. If anything is in the works it is diversivication, something any financial analyst would tell them is a good idea. If anything, a rupture would come from the US side, which is why Chavez is smart to not have all the eggs in one basket.
But the theory of an imminent Venezuelan break is upset by the announcement yesterday of a $500 million investment in its US refinaries. Funny that it takes a Venezuelan company to do something that the US companies are hesitant to do (though under capitalism we can understand why the US companies don't want more refinement and production).
I had to "triple" check this, as it appears that said "immigrants" article is partially in Spanish. I will check back tomorrow, to see if said "immigrant" has mistakenly placed some Spanish in an "American" blog, or as i strongly suspect, said "immigrant" has arrogantly placed Spanish in said "American" blog.
Sorry Andres; I don't think I have the stomach to pay for a subscription to "La Reforma". Good try though.
Lowell Ponte writes:
...as happened in Castro’s Cuba, the utopian illusion that Chavez is creating a Worker’s Paradise in Venezuela is rapidly giving way to ugly reality. The country’s poverty, instead of decreasing with purported socialist redistribution of wealth, has “risen to more than 50 percent” since Chavez took power, reported the left-leaning Toronto Star.
This has happened in part because Chavez is diverting his nation’s oil wealth away from Venezuela’s workers and poor and giving it to his ally Fidel Castro, to the Marxist Sandinistas in nearby Nicaragua, and using that wealth in other lands to foment Marxist revolution and buy allies. Chavez is also acquiring weapons and technology he to turn Venezuela into an aggressive militarized state.
http://www.frontpagemag.com/Articles/ReadArticle.asp?ID=22622
You have brilliant site, thank you!
replica louis vuitton handbag
cash advance payday paycheck
bad credit payday loan quick
cheap loan personal quick
no fax payday advance
payroll cash advance
cash fast loan loan online payday union western
payday loan lender
emergency fax loan no payday
24 hour payday loan
credit free online report score
See you soon!
buy car insurance
progressive car insurance quote
collector car insurance
car insurance san diego
california car insurance
nj car insurance
progressive car insurance
car
insurance philadelphia
auto insurance company
car insurance coverage
free car insurance quote
low cost car insurance online
online auto insurance quote
aarp car insurance
state farm car insurance
best car insurance
free car insurance quote
car insurance los angeles
free car insurance quote
buy car insurance
car insurance canada
geico car insurance quote
rental car insurance
car insurance for mexico
texas car insurance
collector car insurance
progressive car insurance
discount car insurance
cheap car insurance uk
teen car insurance
http://cheap-car-insurance.quickfreehost.com
Random Keyword: :)
nj car insurance
contact lens case -
aol.com/vizionze/toric-contact-lenses.html>toric contact lenses
http://hometown.aol.com/vizionze/focus-contact-lenses.html
Saw your blog about florida mortgage loan - as it is along the same lines I thought I would share this link with you. We were paying far too much for family things like clothes for us and the kids, games consoles inc the new Wii and soon to be PS3, car insurance/home insurance/pet insurance, broadband, mobile phones, landline calls, home and garden items, camping equipment and utilities/loans etc - you name it, we were spending too much on it.
Then a friend of mine recommended a site called www.bargainplace.co.uk. We were able to get cheaper electricity, gas, mobile phone, broadband and loan deals at bargainplace. Thanks to my friend (and the site) I am saving something like £100 a month and can afford an extra holiday abroard each year. Booked of course on www.bargainplace.co.uk. Thanks bargainplace ;-) !!
Hi all!
Bye
free nokia hindi ringtones - free l6 motorola ringtones
free motorola ringtones v220
.
.
.
.
.
.
Good blog - very interesting!! I liked it so much I'm going to share this hush hush advice with you. Ever wondered how your neighbours are driving around in their brand new BMW or Mercedes cars - with their kids dressed in all the latest named gear and foreign holidays aplenty?? Well they discovered the secret to the extra online income.
If you are looking for a free tool to attract loads of free links to your blog or website then congratulations I've got the solution for you - and it is FREE!!
My website specialises in global home loan and finance and to drive traffic to my website I was searching around the internet for absolutely ages looking for SEO tools and ffa submission sites to fire my site up the Google search engine - unfortunately these doing work and in fact had the opposite affect plunging my site down the rankings like it had a heavy weight attached!!, then I signed up for this free superb traffic generating tool - I now have loads of hits to my websites/blogs and my site is shooting back up the Google rankings quicker than ever before.
Consequently this saw my affiliate commissions shoot through the roof - meaning lots of extra money coming in for my family - I bought my first Mercedes car on the proceeds of my online campaign.
Sign up now - it's free.. Sorry if this information is of no use to you but seeing as you have the anonymous feature enabled I thought I should share this free bit of essential promotional advice with you and would hope you would do the same for me and others who want to boost their online internet income.
I hope the tool will serve you equally as well as it has me - it's free!!
Best of luck, cheers for now, dave.
.
.
.
.
.
.
3 free ringtones sidekick
free funny voice ringtones - free mobile
ringtones - free nokia mp3 ringtones
Business cash advances are very popular amongst latin americans.
Post a Comment
<< Home