Bush loses another client state.


	Bush loses another client state.

righthand

11-25-2007 8:14 AM

558 views

tags:

venezuela, oil, latinamerica, honduras

righthand says:

From 1980 to 1993, Honduras bought oil from Mexico and Venezuela as part of a pact aimed at offering cheap oil to debt and war-ridden Latin American countries.

2 Comments |

Add a Comment

11-25-2007 8:40 AM

michaelll

the idea is to make all of its fuel oil imports from Venezuela

Looking at it merely from the economic point of view, it makes sense to spend $800m rather than $1.2b

11-28-2007 7:50 AM

cabanaben

Can not agree more, save money, to use for a rainy day. Capitalism at its best. Is that not what we been taught are whole life.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1edeb736-5b3a-4a4b-99b6-2a104c53434b/4D91EF5F-D675-445A-AFBA-F601DC7455A0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://uk.reuters.com/article/oilRpt/idUKN2535278720071125" href="http://uk.reuters.com/article/oilRpt/idUKN2535278720071125" style="font-size: 11px;">uk.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://uk.reuters.com/article/oilRpt/idUKN2535278720071125"><H1>Honduras seeks to resume oil imports from Venezuela</H1>
	<DIV class="timestampHeader">Sun Nov 25</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://uk.reuters.com/article/oilRpt/idUKN2535278720071125">Honduras is seeking to
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Central America</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://uk.reuters.com/article/oilRpt/idUKN2535278720071125"> The administration of President Manuel Zelaya, burdened by
the surge of international oil prices, will start talks with
Caracas next week and the idea is to make all of its fuel oil
imports from Venezuela</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://uk.reuters.com/article/oilRpt/idUKN2535278720071125"><P> "The annual imports from Venezuela would be between $750
and $800 million," Minister of the Presidency Yani Rosenthal
said on Saturday.</P><SPAN id="midArticle_3"></SPAN>
<P> Honduras oil imports in 2006 were around $1.05 billion. The
budget for this year is $1.2 billion.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://uk.reuters.com/article/oilRpt/idUKN2535278720071125"><P> For the past two years, Chavez has spearheaded a new take
on that pact, urging big producers to sell oil cheaply to their
neighbors.</P><SPAN id="midArticle_6"></SPAN>
<P> U.S. foe Chavez has close economic ties to Nicaragua where
leftist President Daniel Ortega, who ruled for much of the
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