[lbo-talk] Energy crisis? Venezuela gas is cheaper than water

[Andy F]

On 5/14/06, uvj at vsnl.com <uvj at vsnl.com> wrote:
> Reuters.com
>
> Energy crisis? Venezuela gas is cheaper than water
> http://today.reuters.com/business/newsArticle.aspx?type=ousiv&storyID=2006-05-10T191421Z_01_N05283609_RTRIDST_0_BUSINESSPRO-VENEZUELA-ENERGY-GASOLINE-DC.XML
>
> Wed May 10, 2006
>
> By Brian Ellsworth
>
> CARACAS, Venezuela (Reuters) - Taxi driver Jaime Tinoco works the streets of
> Caracas in a 1976 Chevy Nova that guzzles 19 gallons (72 liters) of gas a
> day. But he doesn't worry about fuel efficiency -- filling his tank costs
> just $2.30.
>
> While U.S. consumers struggle with soaring energy prices, Venezuela's gas is
> now the world's cheapest at 12 cents a gallon and Washington's regional foe,
> President Hugo Chavez, vows to maintain subsidies that keep fuel dirt-cheap.
> "Those gringos have everything -- so why does their gas cost so much?" asked
> Tinoco between chuckles as he navigated a midday traffic jam. "Don't they
> have oil reserves?"

Didn't Doug just have an interview where somebody said that Venezuela
was importing gas from Russia because the local oil people have been
dragging their feet?

-- 
Andy