Hugo Chavez Destroying his Country's Oil Industry

Mary Katharine, who has a great title for her post by the way, pointed me to this post by A.M. Mora y Leon at Publius Pundit who writes that Hugo Chavez’s socialist government is destroying Venezuela’s oil industry:

Today’s El Universal reports an increasingly serious situation with Venezuela’s oil supply, which is sure to have implications for its largest buyer, the U.S.

Not only is the country running its oil industry into the ground with fires and accidents, something that’s never occurred until these Chavista years, a result of the firing and blacklisting of all of Venezuela’s talented and dedicated engineers and managers – who have since been replaced by Chavista operatives known for their political loyalty and not their expertise – intransparency has grown.

Citgo recently announced that it would end supply to gas stations in 10 U.S. states due to the fact that it no longer can internally access enough Venezuelan oil, and the effort to supply these stations with imported oil at world prices was a burden.

El Universal now says that a new report out from Congress suggests that the U.S. needs to prepare for an oil cutoff from Venezuela, because they’re betting it’s something ahead of us. Whether through Chavez’s malice, or Chavez’s destruction of the oil fields themselves, it’s something we need to get serious about. Venezuela supplies about 12% of the U.S.’ energy needs, its fifth or sixth biggest supplier, down from number one in 1998, the year Chavez was elected president of Venezuela.

This can’t be said enough: we need to drill for oil in ANWR and off the coast of Florida and California. Every barrel we can drill ourselves is one less barrel that we are required to get from nutjob dictators such as Chavez.

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