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Fidel Castro: Oil Costs and Development
Via NY Transfer News Collective * All the News that Doesn't Fit
Agencia Cubana de Noticias (ACN)
http://ainch.ain.cu/mailman/listinfo/ingles
Reflections by the Commander in Chief
OIL COSTS AND DEVELOPMENT
by Fidel Castro Ruz
November 20, 2007
Chavez said it very clearly in Riyadh: developing countries spend
upwards of a trillion dollars in oil and gas. He proposed that the
OPEC, which was nearly dissolved before the establishment of the
Bolivarian government -which chaired and preserved this organization
over 8 years- assume the tasks the International Monetary Fund was
created for but has never fulfilled.
The dollar is in a state of free fall, he said. We are paid with paper
notes. We can and ought to guarantee a supply of fuel, both to
developed countries and to those struggling to develop that need to
im****t it. The OPEC can grant development credits with long grace
periods and a yearly interest of only 1 percent that poor countries can
pay with the goods and services they can produce. He mentioned the sum
of 5 billion dollars in development aid which Venezuela loans Caribbean
countries which desperately need to im****t this essential commodity.
Chavez could invoke an illustrative example which Cuba is well aware
of: with what it costs to im****t a single barrel of oil at the end of
2007, 13.52 tons of light oil could have been purchased in 1960,
including their trans****tation, that is to say, nearly 50 times the
amount today. In these cir***stances, a country like the Bolivarian
Republic of Venezuela would continue to supply the United States with
oil for practically nothing. The earth would continue to sink as its
oilfields are drained of the oil that sup****ts them.
I can imagine what headaches these calculations bring him and see how
just and noble are his hopes for equality and justice for the peoples
of what Marti called our America and Bolivar, in his struggle against
the Spanish empire, described as a single nation.
At the time, a balance could still be maintained. Neither the empire's
diabolical idea of transforming food into fuel, nor the climate changes
science has discovered and proven, still existed.
Havana, November 19, 2007, 4:36 p.m.
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