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  1. #5
    Wandering Metsuke Senior Member Zim's Avatar
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    Jan 2007
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    Default Re: Chavez- at it again

    OPEC manipulates prices by increasing or decreasing their output of oil. If Chavez wanted to affect prices he could try to do the same, although it wouldn't have much effect if only Venezuela went through with it.

    It's an empty gesture, most likely made as a way for him to gain political capital without actually taking an action that would incur any real consequences.


    Quote Originally Posted by HoreTore
    No, the oil price is determined by whatever OPEC says it should be.

    As for the topic itself, I say GO CHAVEZ! Finally showing some promise again after some ridiculous moves.
    Last edited by Zim; 02-11-2008 at 08:09.
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