Is Chavez afraid of higher oil prices? It makes sense if you realize?

that oil at $200 a barrel makes ethanol and probably hydrogen a much easier choice for the world to get into.





http://news.yahoo.com/s/ap/20071117/ap_o鈥?/a>Is Chavez afraid of higher oil prices? It makes sense if you realize?
I would concur about oil dependancy not going away even at such a high price. However, $200 per barrel would effectively push a lot of 3rd world consumers out of the market. The economies of China and India especially would take a serious hit. (Chavez has stated before his intentions to forge closer ties with the PRC.)





With basically the US, Japan and Western Europe being the only viable customers, Chavez would have to be more conciliatory to DC and ease up on his socialist revolutionary ambitions at home. I think that is his main concern.Is Chavez afraid of higher oil prices? It makes sense if you realize?
even if every car in the U.S. sold from now on starting immediately, we still have millions of gas guzzling pollution spewing cars on the street needing gas from the oil company thieves.......and there will always be demand for oil in developing third world countries......so for him to fear higher prices is not likely, the higher prices only make his production of oil more profitable... his largest fear is for oil prices to drop too low to be economically viable to continue production.....since the oil production in his country is one of the more expensive methods to produce
Excellent point!


I had not though of that.


But still, the western world is not ready to just jump all at once into ethanol or hydrogen. $200 Oil would undoubtedly lead to a current recession. But for the long run, it might be better to be pushed into more alternative fuels.


We be just as well to invade Venezuela, bomb Iran, execute Chavez, feed Ahmadinejad to Israel, show our middle fingers to the rest of the world, and steal all the oil we want.


I know that is not very diplomatic or morally correct, but war doesn't prove who's right, war proves who's left.





Besides, what are they gonna do?





(I hope you know there are elements of sarcasm in this answer)
That little man is too stupid to be afraid of anything!
nope....


he is saying that, he thinks the US wont acutally atack iran since this country is dependable on imported oil...


and that would just help produce other types of fuel if that does happen
I dont think he loses sleep over it. Oil dependency isn't going away overnight. If he is really smart, he'll build up his country's infrastructure and manufacturing with the profits he's making now from oil and elevate Venezuela into a powerful country.