Hugo Chavez – Page 3 – Infinite Unknown

Russia confirms sending warships to the Atlantic, Caribbean

September 8, 2008 by Infinite

MOSCOW, September 8 (RIA Novosti) – A Russian naval task force from the Northern Fleet will go on a tour of duty in the Atlantic Ocean and participate in joint naval drills with the Venezuelan navy in November, a Navy spokesman said on Monday. (Russian Navy modernized – Image gallery)

“In line with the 2008 training program and in order to expand military cooperation with foreign navies Russia will send in November a naval task force from the Northern Fleet, comprising nuclear-powered missile cruiser Pyotr Velikiy and support ships, to the Atlantic Ocean,” Capt. 1st Rank Igor Dygalo said.

During the tour of duty, the Russian warships will participate in joint naval exercises with the Venezuelan navy.

Russia to send naval squadron, planes to Venezuela

September 8, 2008 by Infinite

MOSCOW – Russia said Monday it will send a naval squadron and long-range patrol planes to Venezuela this year for a joint military exercise in the Caribbean, an announcement made at a time of increasingly tense relations with the United States.

The apparently retaliatory move follows the U.S. deployment of warships to deliver aid to the former Soviet nation of Georgia, barely a month after Russian armor and aircraft crushed the Georgian military in a five-day war.

Food Riots and Speculators

April 29, 2008April 27, 2008 by Infinite

Food riots have broken out across the globe destabilizing large parts of the developing world. China is experiencing double-digit inflation. Indonesia, Vietnam and India have imposed controls over rice exports. Wheat, corn and soy beans are at record highs and threatening to go higher still. Commodities are up across the board. The World Food Program is warning of widespread famine if the West doesn’t provide emergency humanitarian relief. The situation is dire. Venezuelan President Hugo Chavez summed it up like this, “It is a massacre of the world’s poor. The problem is not the production of food. It is the economic, social and political model of the world. The capitalist model is in crisis.”

Right on, Hugo. There is no shortage of food (This is disinformation – The Infinite Unknown); it’s just the prices that are making food unaffordable. Bernanke’s “weak dollar” policy has ignited a wave of speculation in commodities which is pushing prices into the stratosphere. The UN is calling the global food crisis a “silent tsunami”, but its more like a flood; the world is awash in increasingly worthless dollars that are making food and raw materials more expensive. Foreign central banks and investors presently hold $6 trillion in dollars and dollar-backed assets, so when the dollar starts to slide, the pain radiates through entire economies. This is especially true in countries where the currency is pegged to the dollar. That’s why most of the Gulf States are experiencing runaway inflation.

Energy producers in driving seat at Rome talks

April 22, 2008April 20, 2008 by Infinite

ROME: Consumer countries and international oil firms keen to gain greater access to the world’s energy resources are likely to walk away empty-handed from talks with producer nations in Rome.

Record high oil, which struck $117 a barrel on Friday, has helped to drive up the profits of oil majors, but it has also increased the spending power of national oil companies and made them ever more reluctant to grant access to their resources.

“The relative positions of international energy companies and national energy companies are changing — and not in our favour,” Paolo Scaroni, chief executive of Italian oil and gas company Eni said in a speech at the opening of the International Energy Forum (IEF).

OPEC member Venezuela, under President Hugo Chavez, has spearheaded a global trend towards resource-holders seeking to maximise their returns from their energy wealth.

International firms have found themselves faced with tougher terms and shut out of the best energy territory.

During the 1970s, the international oil companies controlled nearly three-quarters of global oil reserves and 80 percent of production, Scaroni said.

Now, they control 6 percent of oil and 20 percent of gas reserves, and 24 percent of oil and 35 percent of gas production, he said. National oil companies hold the rest.

“WAR HAS BEGUN”, SAYS VENEZUELA

March 7, 2008March 7, 2008 by Infinite

March 5, 2008 — CUCUTA, Colombia – Venezuela and Ecuador reinforced their borders with Colombia yesterday as the three nations traded increasingly bitter accusations over Colombia’s cross-border strike on a leftist guerrilla base in Ecuador.Rejecting a Colombian apology as insufficient, Ecuador sought international condemnation of the attack during an emergency meeting of the Organization of American States, convened in Washington to help defuse one of South America’s most volatile crises in years.