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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: New site, OIL & HUGO

New site, OIL & HUGO

posted on Dec 05, 2008 02:01PM

I agree - why fix it when it worked fine.

OIL(sweet crude) traded most of the day and closed just over $40/B. That would put VZ heavy somewhere in the low$30's with little chance of a rise in the foreseeable future. Economists and pundits were exposing VZ and Russia oil revenue problems at $50/B. Major impact on capability of running VZ at this level. Cutbacks or elimination in ALL areas of social, infrastructure and foreign projects. How does it feel Hugo baby - he's getting squeezed - no money, no credit, no food, no housing etc - Hugo's Gov't is in Big doodoo. Inflation already 30+% and printing Bolivars only increases it. He has no choice but back to basics - bring in international investment and grow the economy with jobs or get Lynched, Shot, Poisoned - what would you prefer Hugo? The permits and a cooperative govt is coming or Hugo is gone one way or the other.

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