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| Caribbean-Latin America |
| Venezuela seeks up-front cash for oil |
| 2008-02-02 |
| CARACAS, Feb 2 (Reuters) - Venezuela's state-run oil company PDVSA is seeking a $1 billion up-front payment for several large shipments of fuel oil, El Universal newspaper reported on Saturday, in what may be a new sign of cash flow problems. Under the deal, Venezuela is selling the fuel relatively cheaply but wants payment next week, the newspaper said. PDVSA wants to find buyers for eight very large crude carrier cargoes of fuel oil by Feb. 6 and expects payment the following day. I almost put this in the WoT-Politics as I think Hugo qualifies as an enabler for FARC. Sounds like he may have run over the limit on his credit card HT Lucianne.com |
| Posted by:Throger Thains8048 |
| #4 I've already read predictions of $3.50 gasoline at the pumps by June. |
| Posted by: trailing wife 2008-02-02 18:54 |
| #3 That asshole! And I thought we were friends... |
| Posted by: Joe Kennedy 2008-02-02 15:51 |
| #2 A buddy of mine works for a company who had their stuff Nationalized by Hugo. He says that because Venezuela is not spending any money on CapEx, shipments to Texas refineries will probably be cut in half this summer. Should be a lot of fun at the pump this summer. |
| Posted by: danking70 2008-02-02 14:38 |
| #1 Sounds like a scam in the making, you pay, and when the oil arrives, it's short a few million gallons, "Sorry shipping losses" It'll work ONCE. |
| Posted by: Redneck Jim 2008-02-02 13:57 |