Sunday, May 14, 2006

U.S. Is a "Paper Tiger," says Toilet Paper Tiger

Chavez calls U.S. a 'Paper Tiger,' vows to give low cost oil to Europe's poor.

Several funny things about this story.

First, Venezuela's incompetently run neo-Marxist Chavez government has screwed up the country so much that 1) all new drilling has shut down in the country; 2) their state oil company says it needs to borrow $20 billion to keep its checks from bouncing; and 3) it is buying oil from Russia to fulfill its contracts. (Note: First Maxim of Capitalism -- money goes where it is well-treated, and leaves where it is not.)

Second, Venezuela has a population of 25 million but their gross revenue from oil sales is only 24 billion, meaning about $1000 per capita and accounting for one-third of their entire GDP and 80% of their export earnings. And yet, Chavez has somehow convinced his adoring subjects that Venezuela is a big, rich playa who can afford to give out oil to "poor" people in countries whose GDP and standards of living dwarf his own.

Third, in case he hasn't been reading the papers, Chavez should be informed that the US just knocked over two countries, breaking their flags without breaking a sweat (apologies to Mother Sheehan), which seems more like the behavior of an *actual* tiger than that of the paper variety.


Anonymous Anonymous said...

About a thousand dollars a year per capita? Wow. Here in Mexico it is over nine thousand and climbing!.
That guy Chávez is destroying Venezuela indeed. Socialism is a deadly virus to countries and societies.
And Chávez is supporting "the poor of the world"...

3:04 AM  
Anonymous Anonymous said...

Chavez is the devil. He wants eternal power and adoration and will trample anyone who gets in his way.

The corruption factor needs to be added to the calculations. This could lower the estimates of oil income another 25 percent internal to Venezuela and another 10 percent for the gifts/bribes Chavez sends to leaders in other countries.

8:09 AM  
Anonymous Anonymous said...

Have read many of your comments on LGF and don't doubt your numbers or facts here but where did you get them from?

8:45 AM  

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