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Comments about ‘In our opinion: Hugo Chavez' re-election means U.S. must pay attention’

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Published: Thursday, Oct. 11 2012 12:00 a.m. MDT

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EJM
Herriman, UT

If we are now an oil exporting country explain to me why we buy oil anymore from Venezuela?

Mike in Cedar City
Cedar City, Utah

EJM. Because Venezualan oil is often cheaper than domestic oil. And the reason it is cheaper is that much of the domestic oil we produce is from Alaska and the Gulf and so logistically it gets a better price if sold in Japan and elsewhere than it can if sold domestically. The other hard "socialist" truth is that the oil industry in Venezuela is nationalized and can thereby be produced without a need to "Maximize profit" while our domestic oil industry is all about profit. It makes Venezuelan oil often more competitive. And, this hard economic fact at least partially explains the intensity of some of this nation's hatred of Chavez and the media's effort to demonize him at every opportunity, as the Deseret News just did.

EJM
Herriman, UT

Mike, Chavez is just evil. No two ways around it. We are now exporting more because of the Bakken Oil Reserves. Where is the hue and cry from both parties to have the oil companies keep that oil at home then?

Rothbard
Herriman, Utah

Mike,

Have you ever read "Economics in One Lesson" by Henry Hazlet?

one old man
Ogden, UT

It's ironic that we push other countries toward democracy and then, when they exercise it and their people elect someone we don't like, it suddenly becomes another source of political contention in this country.

Cases in point, Egypt and Libya.

Hellooo
Salt Lake City, UT

Very convoluted article though its conclusion that we need to pay more attention to So. America is correct. There is no valid reason to be expending massive monies on an irresponsible war in far away Afghanistan, while providing next to nothing to support and foster open trade and prosperity in in the Western Hemisphere. Chavez' led Venezuela is in a mess with massive debt even with the income from oil exports. He spends that an much more. The fact is much of the Venezuelan oil is not of the quality of that in the USA and is valued less by world markets. Still the political system of Venezuela tries to push every possible method to over price its oil actively participating in the cartel. Just as a side note with regard to the article how is using public workers and public money in the campaign fair? And, since when is Iran a regional country in So. America?

Happy Valley Heretic
Orem, UT

EJM said: "Chavez is just evil. No two ways around it."

Just because he isn't one of our beloved dictators that the US installed covertly, is no reason to call him "Evil" beside I thought you conservatives reserved that for Obama?

Mike in Cedar City
Cedar City, Utah

EJM .. I stand by my comments. The Bakken oil reseaves about equal the Alaskan reaserves, but Alaska will eventually be surpassed. But we still export more because we can get a higher price in foreign markets than in domestic markets. I suppose that evil is in the eye of the beholder, but it does seem that a majority of the voters in Venezuala don't share your views.

Bakken is great news, drill baby drill but we are still victims of market conditions, and the oil from Chavez helps domestic prices at the pump.

Blue Bolshevik
Salt Lake City, UT

The nerve of the guy, using oil company money give to the nation's disadvantaged and for health clinics, home construction and even sports teams. He should be like a real american business man and stash all the profits in the Cayman Islands to avoid paying taxes.

Mike in Cedar City
Cedar City, Utah

Rothbard...haven't read anything by that title, and given the title not much interested in doing so. Have you read it?

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