Hugo Chavez Threatens U.S. Oil Embargo
The AP reports [via the Dallas Morning News] that Hugo Chavez has threatened to launch an “economic war” and cut off oil sales to the United States. “Take note, Mr. Bush, Mr. Danger,” the Venezuelan President intoned. Chavez is responding to Exxon Mobil’s attempts to seize billions of dollars in Venezuelan assets, to compensate for the South American country’s nationalization of the multi-billion dollar Orinoco oil project. "The outlaws of Exxon Mobil will never again rob us," Chavez promised. Meanwhile a British court has issued an injunction "freezing" as much as $12b of the assets of Petroleos de Venezuela SA, Venezuela’s state-run oil company. The U.S. imports some 12 percent (1.23m barrels per day) of its oil from the Bolivarian Republic of Venezuela. Oil prices are expected to spike on the news.
Glenn is a baby-boomer, born in 1954. Along with his wife, he makes his home in Connecticut. Employed in the public sector as an Information Tedchnology Specialist, Glenn has long been a car fan. Past rides have included heavy iron such as a 1967 GTO, to a V8 T-Bird. In between those high-horsepower cars, he's owned a pair of BMW 320i's. Now, with a daily commute of 40 miles, his concession to MPG dictates the ownership of a 2006 Honda Civic coupe which, while fun to drive, is a modest car for a pistonhead. As an avid reader, Glenn enjoys TTAC, along with many other auto-realated sites, and the occasional good book. As an avid electronic junkie, Glenn holds an Advanced Class amateur ("ham") radio license, and is into many things electronic. From a satellite radio and portable GPS unit in the cars, to a modest home theater system and radio-intercom in his home, if it's run by the movement of electrons, he's interested. :-)
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Geeber-Ok. Which ford would exactly beat Skoda or Seat in reliability? probably the one with most non-american contents. Like mazda built fusion with ford tin. Do you understand that there is no such deal as american-japanese joint venture. there is omly japanese cars with US copmanies byuing stakes in them. i did some practical research, and ripped apart some claddings off 2 cars-Ford Probe 97` and Dodge stealth 95. guess what ,even those parts that were different from their original mazda and mitsubishi versions, were completely designed and stamped by- mazda and mitsu. Stealth`s only Chrysler product was the gearbox which had so evident problems with 2nd gear that was replaced by german getrag 6speed and Mitsu`s 5sp. one. yes VW has some quality issues but at least they don`t have pathetic fit and finish,. their interiors are rock-solid. Us economy has bested japanese in every single component/ Ok geeber- here it goes. Sectors where Us looses- External debt, national debt, GDp per capita, Gold reserves, Currency reserves, Export value, trade balance, industrial output, manufacturing value, Bank assets, manufacturing percentage within GDP. Actually all I care is manufacturing percentage as part of GDP. If US GDp represents credits and services more than 85% of GDP, I can`t consider your economy a serious one. And yes Japanese hav had a recession or slowdown, but they have preserved their manufacturing companies. US couldn`t do it even having a boom. how come? And don`t make a fool of yourself naming cadillac and buick sales in China as significant numbers, if we count off those cars that are rebadged chinese or german opels, you have a sales number that of Dacia, not more. Probably the same way you could claim that Cadillac is very popular in Japan. hahahhaha. And whenever I talk how bad is US economy ,you start something about Europe, France or Africa. I don`t care of them. Even if they are coughing blood, I am talking just about USA. Period. Just go on voting for obamas and hillaries and mccaines, probably you don`t deserve the good doctor.
Ford did what a smart company does? How come all japanese and german companies are sooooo stupid and create their own platforms. And by the way japanese set new `stupid`profit records every year. How come retarded germans din`t get the smart idea of borrowing somebody`s engines, trannies, or electronics. When i mentioned Stealth and Probe, I wanted to show that a cheetah never changes his spots. If ford avoided engineering when it was quite prosperous, what should make me believe that they did so while bleeding cash. See, geeber if I hated America, i wouldn`t give a shit about her economy, and wouldn`t read all economy reports. i wouldn`t listen to Ron Paul, Peter Shiff, or Steve Forbes. your comment is a bit ridiculous about well performing us economy.