Tuesday, January 03, 2006

Former communist are better profiteers than their capitalist teachers……….

Former communists are better profiteers than their capitalist teachers……….

Recently Russia used gas to squeeze the Ukraine for political concessions. The BBC reports:

“Russia wants to more than quadruple the price of supplies to the Ukrainian market, to between $220 and $230 per 1,000 cubic metres. Ukraine says it is happy to pay market rates, but wants price increases to be phased in gradually over several years.”

Ukraine claims it has a “right” to the gas as a transition country. Russia called Ukraine’s claim “irresponsible,” “legally ignorant” and “theft.”

In the midst of it all, the Bush administration stepped forward to lecture mother-Russia on the vulgarity of using oil as a political ploy. "Such an abrupt step,” the Bush administration lectured disingenuously, “creates insecurity in the energy sector in the region and raises serious questions about the use of energy to exert political pressure.”

Run that by one more time: “Serious questions about the use of energy to exert political pressure?” You mean, oil and politics do not mix? And, to boot, from an administration with a cadre of “Halliburton-experience” on how to squeeze anyone, anywhere for oil-profit without getting caught?

It’s a shame the Bush administration didn’t feel that way when oil hit $60 a barrel and squeezed American farmers, truckers, and families. “Obviously, $60 oil begins to bite,” Vice President Cheney offered remorsefully, but then reflected, “on the other hand, oil is much less important to our economy than it was 15 or 20 years ago … and when you allow for inflation, we have not got back to the highs we had back in the early '80s.

Expect to see more “energy to exert political pressure” a la Hugo Chavez style as communist countries out profiteer “Uncle Sam,” the ole’ profiteer himself.


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