The do and don't of Chavez.

Is he trying to distract his people from the real problem ?

Soon enough is precious oil will be not worth pumping it out of the ground.

I wonder when he will get it ,the gold will be the wagon to get him out of the troubles.

_______________________________________

Chavez confirmed that expropriated Sambil La Candelaria

December 23, 2008 .-
Hugo Chávez, Venezuelan president reiterated that the expropriated Sambil Center that rises in La Candelaria and only expected to fix the price with the owners of the building to talk to the neighbors what use will be given to the place.

"Whatever, this is not going Sambil," added the president.

"I am not going to say you do not buy toys for children but do not fall into consumerism," he said and called for reflection "to those seeking to purchase a vehicle, further saturating the city traffic.


"This crisis is to reflect on the model of consumerism," said Chavez, noting that this pattern was the one that led the major economies of the planet to the global financial crash.

Venezuelan oil was quoted at $ 27.10 per barrel

(File / El Universal)
04:31 PM Caracas .- The Venezuelan basket of crude was traded Tuesday at $ 27.10 a barrel, having reached an average of $ 130 last July, said President Hugo Chávez.

"This is a fall (the price), but of course, had also risen too much," Chavez said during a ceremony broadcast on radio and television, reported AFP.

Last week, the Venezuelan basket of crudes, composed mostly of extra-heavy oil and closed at an average price of $ 32.14 per barrel.

The Ministry of Energy and Petroleum, which provides weekly price of Venezuelan oil, announced it will no longer offer this information until January 9 due to the Christmas festivities. "

The Venezuelan government estimated the price at $ 60 a barrel for the budget 2009.

Prepared to do what you have to do

The president also said that his independent political process will continue if the oil reaches zero. "

"(So) the oil runs out, the revolution will continue," said Chavez during a ceremony at the presidential palace, to dismiss the impact it could have for the decline in Venezuela more than $ 40 which have suffered oil prices in recent months, AP reported.

"Now oil has been at zero, and we have gone ahead. The unemployment coup (December 2002), when we sabotaged receive zero oil, and see how it went forward," said the president to ensure that his government is ready to address the global financial crisis.

"I am preparing to do what I as president I do and socialist revolutionary, with the support of the vast majority of the Venezuelan people," he added.

Venezuela has a strong dependence on oil because it finances nearly half of government revenue, representing 94% of entries received by the country exports.