Hugo Chavez, the barking chihuahua from Venezuela, claimed a victory by winning the right to run for that country's lead job for life. And the way he buys votes it will likely happen. Kind of like Fidel Castro's little brother.
In fact, at a recent rally, announced that he would accelerate “the construction of true socialism” in Venezuela. Really? Too slow for you, Hugo? He's already taken control of the nation's oil fields. It really boils down to thievery.
While it's true that Venezuela produces a huge quantity of petrochemicals, there is one issue; the crude drilled there is extremely sour, meaning that the sulfur content is very high. It takes special refining units to process it.
If we adopted the Pickens plan to use more natural gas, it would be possible to wean ourselves from Chavez and his red-shirted lackeys. What would that do to his Bolivarian revolution? Probably not stop it, but it might take a bit of wind out of his sails.
Whether we take this opportunity or not is largely in the hands of Obama and his Democrat majority. They are extremely anti-energy, but it's got to come from somewhere. Time will tell.
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