Chavez is not a bad guy.
People like Bush and his backers are just pissed Chavez wont let them control Venezuela's oil and other resources
The US has Exxon,Shell,Chevron etc and 2.00 a gallon gas
The Venezuela government controls their oil and the Venezuela people pay 12 cents a gallon for gas
http://www.spanishdict.com/blog/2008/07/01/012-per-gallon-of-gas-in-venezuela/
$0.12 per Gallon of Gas in Venezuela!
Tue, Jul 1, 2008
Muy Caliente
American gas prices have never been so high and I, along with many other Americans, are stuck driving in a SUV with a twenty-some gallon tank that only takes premium gasoline.
Yesterday, I spent $4.29 per gallon. Letâs do the math: $4.29 a gallon multiplied by a twenty-three gallon tank equals $98.67 per tank of gas. I drive around 275 miles a week for work so I have to refuel weekly: multiply $98.67 by four and I get a sum too large to fathom. Sadly, I am more of an average case rather than a special exception. Americans make up less than five percent of the worldâs population but own over one third of the automobiles. Thus, I have decided to move to Caracas, Venezuela-the worldâs fifth largest oil exporter-where gas is a mere $0.12 a gallon.
Why So Low, Venezuela?
Think about paying only $.13 per gallon of gas! Unthinkable to Americans but a reality to the very few Venezuelans who own cars (around 53% of Venezuelans are poverty-stricken). But this cheap gas comes with a different kind of price. Latin American countries have been privatizing their petroleum industry since the early 1900âsâthis is why the prices are so low. Through privatization, these countries hoped to attract much-needed investment capital, increase GDP and introduce free market economic reforms but much of the reforms have failed to live up to their promises. Many other Latin American countries that have a natural abundance of oil as well, including Ecuador and Bolivia. Together, these countries are affectionately referred to as âPetrocracies:â oil-rich countries inhabited by poor citizens.
Country Price per gallon USD
Spain $8.10
Peru $6.09
Uruguay $6.06
Chile $4.81
Columbia $4.05
Honduras $4.05
Brazil $3.12
Cuba $3.03
Nicaragua $2.61
Argentina $2.40
Mexico $2.35
Panama $2.19
Puerto Rico $1.74
Venezuela $0.12