Re: Schork Oil Outlook: Hugo Chavez vs. China's Red Capitalists

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Re: Schork Oil Outlook: Hugo Chavez vs. China's Red Capitalists

in response to

Schork Oil Outlook: Hugo Chavez vs. China's Red Capitalists

silverbullionplease

posted on Dec 23, 2010 11:09PM

In this vein, news that Chavez is getting as little as $5 a barrel from the Chinese when U.S. refiners are willing to pay over $67 a barrel f.o.b. for Venezuelan oil is amusing.

What is absolutely hilarious is the revelation from the WikiLeaks cables that PdVSA officials are aghast that the Chinese are taking $5 Venezuelan oil and selling it to the U.S. for a profit.

The best part is that after the Chinese sell the oil back to the U.S. at a huge profit, it will be refined in the refineries, distributed\sold by the gas stations and transported by the tankers seized to pay the bondholders that Chavez tried to f*ck. Nope. I don't think he is a "businessman".