CNN Says: "Our Gas Prices" are going UP because of Lefty Hugo Chavez

[KoKo]

....because he wants to "...take control of his country's oil...and use it for his "leftwing" purposes."

Two experts on Venezuela (both pre-Hugo..Chalabi types) confirmed the CNN Propaganda that Hugo is the devil and he's going to take his own countries oil away from US and European Interests. He's a very bad man...a "Lefty" who won't even be able to get the oil out of the ground because he's so stupid and doesn't realize he needs American and European "know how" to refine and transport the oil.

BUT...BEWARE...Our GAS IS GOING UP ...all the cause of that "despotic dictator" who doesn't get Globilization and that OTHERS should CONTROL Venezuela's oil ....not the CITIZENS of that Country.

Beware! The Lefty HUGO is ON THE MARCH...he may have WMD with his "Populist/Lefty Message."

UGH!

[villager]

1. we'll just have to invade and let "American" companies have that oil!

oh, wait...

[Poiuyt]

2. I thought gas prices were going up because the election is over.

[Nite Owl]

3. "leftwing" purposes

that means the people instead of the corporations but if they make it sound bad Americans really believe it has to be something bad.

[panader0]

4. Watch out Hugo. Remember what the CIA did to Salvadore Allende

On 9/11 (1973) in Chile He tried to nationalize the oil business for the good of the people and was killed for it.

[Cha]

13. That's why Chavez has put the news

that bush is out to kill him and he's trying to protect himself..Chavez is one dude who's learned from history. Unlike our ravaging marauders.

[Gabi Hayes]

5. yeah...saw the last few minutes.... what a joke: they said, quote:

"Chavez ran" the Venezuelan national oil company "into the ground"

they provided no facts, no figures to support that allegation, and ALSO said that the biggie companies are going to be very reluctant to help him get that heavy Orinoco crude extracted because they aren't getting "their share" anymore. they made it sound like the oil companies will be getting next to nothing.

anybody have the word on that? aren't they still getting close to s fifty percent share?

[liberal N proud]

6. Another excuse by the oil companies to rob the American users

When George Bu$h took office, gas was $1.46

[Nederland]

7. Well, it's true

...but that's ok.

Our gas prices going up is nothing more than the market transferring money from the rich (that's us) to the poor (that's Venezula). Is that such a bad thing?

[whistle]

8. How about Bush/cheney Iraq War bottling up the flow of oil from Iraq

...That has done more to limit oil supplies and raise gas prices from $0.75 to $0.80 per gallon before Bush's first inauguration in January 2001

[Initech]

9. I would have expected something this crazy coming from Neil Cavuto... but CNN?

:wow:

[gravity]

10. A lot of people on this board don't understand basic economics

If less oil is coming into this country, the price of gas WILL rise. Companies will raise the price until the demand decreases to meet the level of supply.

The only good thing is that it will encourage more Americans to be more fuel efficient to deal with the higher prices.

[jwirr]

17. You are correct as far as it goes but that does not include greed

in the equation. They will also raise the prices if they can convince you that there is a shortage, even if there isn't one. Take the oil spill in Alaska. It was no sooner on the news and salmon was $7.00 a can. They were upping the prices that were already on the shelves when the spill happened. The market works fine until the owners have a chance to cheat.

I do not believe for a minute that Chavez will raise the price of oil. He has been sending oil to the US to help the poor for years now.

[gravity]

24. Todays prices are affected by future expectations

If they expect the prices in the future to increase, than the prices today will reflect that. Otherwise the business would just take their products off the market until prices do increase. They expect to pay more for wholesale in the future, so they are covering it now.

You can call it greed, but greed between store owners will lower prices too. If one person sells a can of salmon for $7, another store could price there can at $6 and take all the profits.

Gas stations across the street have price wars too, keeping the price down as low as possible, and the profit margins slim.

[KoKo]

18. So...you think Hugo Chavez is supplying most of the oil that's causing price increase?

As I remember it...Hugo offered "reduced prices" for low income folks in New England and BUSHIES passed that one up...just like they passed up "Foreign Aid" to help those SUFFERING in the GREAT HURRICANE in NEW ORLEANS!

Bushies don't want any help. They want to cut "Entitlements" for Americans that WE PAID FOR...because they say...we needed to spend it on our SECURITY. When, in fact, the Bushies don't provide ANYTHING except to their CRONIES!

[gravity]

25. Lot's of factors affect the price of oil

Chavez can be one of the factors that affects the price, especially if his actions decrease the amount of oil coming into the US.

It all comes down to supply and demand in the end though. Since the demand is increasing at a faster rate worldwide than the supply, then prices are going up with it.

[panader0]

21. Exxon/ Mobil made the largest corporate porfits IN HISTORY

THAT'S BASIC ECONOMICS???

[frylock]

23. fuckin-a!!

basic economics, my ass.

[gravity]

26. Yep

If the price of oil increases, then they will be making more money for the same amount of input cost.

[KharmaTrain]

11. So He'll Defund His Own Economy And Show Us???

I keep hearing it's because either we don't have enough refineries...we need to let the oil companies put them anywhere they see fit and we should pay for this pleasure. Or was it the "change-over" from winter to summer formula where they always seem to underestimate how much to keep in stock and we pay for that pleasure as well.

I have my issues with Chavez, but many here have cited that an oil embargo or any manipulation has a devestating affect on his own country's economy that would be playing right into the hands of his own political opponents. He'd lose the source of revenue for his social programs and unrest would surely follow.

It'd be nice to see our Congress start looking into the oil mess...let's really find out how gas has tripled in price during the booosh regime and where that money went. It sure didn't end up in Chavez's pocket.

[KoKo]

28. I have to give him a "Big Applause" for dissing the World Bank and International Monetary Fund

as being "destabilizing influences" on the World Economy.

He wants control of his OWN COUNTRIES OIL...and HE WAS ELECTED BY THE PEOPLE!

Jaysus CHRIST! Why is he TRASHED FOR THIS...except by the Globalist/Corporatists on the Cables who are already trying to get ride of ALL of our Programs for Health Care and the Aged...and trying to TAKE AWAY what many have paid out of their salaries to the Government for YEARS! THEY SAY...we don't deserve it that they had to use "OUR MONEY" to pay for "9/11 Attack."

But...WE KNOW THEY LIE...just like CNN and MSNBC and CNBC and the other Corporate WHORES who have TAKEN OVER OUR MEDIA...JUST LIE! and LIE! and LIE! :grr:

[Cha]

12. I'm a Lefty and lefty

is not bad just like Liberal is not bad.

I'll tell you what's BAD is bush and the pncboys bombing Iraq for their oil and keeping our Soldiers there cause they don't have the oil yet after four fucing years.

MISCALUTION..cheneydick, woofshitz, rummy, bushead-rovebrain?

[SammyWinstonJack]

14. Our gas prices are going up because bu$hco's oil buddies are price gouging us!

:grr:

[WI_DEM]

15. Anybody know what the price of gas was when Bush took office in '01?

[tjwash]

16. Uh yeah. How's that oil for food scam been working out for the neo-con shitheads?

CNN has not had any real credibility since 2001

[leftchick]

19. Russia does the same thing

wtf are the cnn peeeps smokin?

[devilgrrl]

20. In-fucking-credible.....

:crazy::crazy::crazy::crazy::crazy::crazy::crazy::crazy::crazy:

[Sapere aude]

22. Who is Hugo going to sell it too? How does he make money by not selling?

That makes no sense. He can't help his people unless someone buys the oil. Keeping it off the market doesn't help him.

[Strelnikov_]

27. Maybe someone should explain to CNN the concept of a fungible commodity

In, like, if he sells his oil to someone else, the oil that someone was previously buying is now on the market.

Within limits, of course. For one thing, the ability to refine the heavy sour they supply to their US refineries is limited, so they are tied to the US, at least in the short term.

The long term contracts Venezuela, Canada etc. are entering into with China is the real 'worry' for the US oil Oligarchs.