Venezuela's turmoil is disrupting oil supplies *** The oil company told its international clients Wednesday morning that it could not meet its export commitments. Workers have refused to load tankers with oil and other products since April 3. A New York trader told The Herald that over 28 tankers were waiting offshore for loading.
''They have shut down oil production completely because they do not have anywhere to put the oil,'' the trader said on condition of anonymity. ``Only two tankers have been dispatched since Wednesday, one to Cuba, and the other I don't know where.''***
Venezuela's Power Shift Condemned****Chavez's ouster threw into doubt the budding trade relationship between the two countries. Venezuela is Cuba's No. 1 trade partner. Venezuela had been exporting 53,000 barrels of oil to Cuba daily at preferential terms. CNN's Spanish language network showed Edgar Paredes of Venezuela's oil company saying on Friday, "We aren't going to send a single barrel more to Cuba."****
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Iran Sees U.S. Behind Chavez's Venezuela Ouster
I expect next we'll be hearing from North Korea, Libya and Iraq.
lol. Perhaps its time Mr. Castro picks up a copy of The Wealth of Nations.
AND???? Guess he forgot how Castro came to power.
1. No obvious source of oil except perhaps Iran or Libya.
2. His people now have an example. They see a successful peoples' revolt in Venezuela and can draw a parallel to their own miserable situation.