Friday, January 16, 2009

Venezuela comes a begging

Nationalizing commodity companies is normally a very bad thing. It has finally caught up with Venezuela, and now they want the people that they treated bad to come back so that they can steal from them again.

They want help from the "imperialist profiteers" (news article).

Chavez needs to learn that you can not steal a company from someone, run it into the ground, and then expect them to want to come back to fix the company, at which point, you can steal it again.

I am torn. High gas prices are good for the long term (we develop new techs and etc), but low gass prices are good in the short term, as Russia, Venezuela, and Iran all will have budget problems.

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