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1/14/07 1:39 PM
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hubris
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Edited: 14-Jan-07 01:41 PM
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Iran and Venezuela Plan Anti-U.S. Fund

Jan 13 9:35 PM US/Eastern By NATALIE OBIKO PEARSON Associated Press Writer CARACAS, Venezuela (AP) -- Venezuela's Hugo Chavez and Iran's Mahmoud Ahmadinejad _ fiery anti- American leaders whose moves to extend their influence have alarmed Washington _ said Saturday they would help finance investment projects in other countries seeking to thwart U.S. domination. The two countries had previously revealed plans for a joint $2 billion fund to finance investments in Venezuela and Iran, but the leaders said Saturday the money would also be used for projects in friendly countries throughout the developing world. "It will permit us to underpin investments ... above all in those countries whose governments are making efforts to liberate themselves from the (U.S.) imperialist yoke," Chavez said. "This fund, my brother," the Venezuelan president said, referring affectionately to Ahmadinejad, "will become a mechanism for liberation." "Death to U.S. imperialism!" he said. Ahmadinejad, who is starting a tour of left-leaning countries in the region, called it a "very important" decision that would help promote "joint cooperation in third countries," especially in Latin America and Africa. Iran and Venezuela are members of the Organization of Petroleum Exporting Countries, and Chavez also said Saturday that they had agreed to back an oil production cut in the cartel in order to stem a recent fall in crude prices. "We know today there is too much crude in the market," Chavez said. "We have agreed to join our forces within OPEC ... to support a production cut and save the price of oil." Ahmadinejad's visit Saturday _ his second to Venezuela in less than four months _ comes as he seeks to break international isolation over his country's nuclear program and possibly line up new allies in Latin America. He is also expected to visit Nicaragua and Ecuador, which both recently elected leftist governments. Chavez and Ahmadinejad have been increasingly united by their deep- seated antagonism toward the Bush administration. Chavez has become a leading defender of Iran's nuclear ambitions, accusing the Washington of using the issue as a pretext to attack Tehran. Ahmadinejad, meanwhile, has called Chavez "the champion of the struggle against imperialism." U.S. officials have accused Chavez _ a close ally of Cuban leader Fidel Castro _ of authoritarian tendencies, and National Intelligence Director John Negroponte said recently in an annual review of global threats that Venezuela's democracy was at risk. The U.S. also believes Iran is seeking to use its nuclear program to develop an atomic bomb. Tehran says its program is peaceful and geared toward the production of energy. The increasingly close relationship between Chavez and Ahmadinejad has alarmed some Chavez critics, who accuse him of pursuing an alliance that does not serve Venezuela's interests and jeopardizes its ties with the United States, the country's top oil buyer. Venezuela is among the top five suppliers of crude to the U.S. market. In a speech earlier Saturday, Chavez called for the U.S. government to accept "the new realities of Latin America," as he brushed aside restrictions that limit presidents to two consecutive terms. He vowed to stay in office beyond 2013, when his term expires, saying he would revise the constitution to get rid of presidential term limits. But Chavez also said in his state of the nation address to government officials and legislators that he had personally expressed hope to a high-ranking U.S. official for better relations between their two countries. Chavez said he spoke with Thomas Shannon, head of the U.S. State Department's Western Hemisphere affairs bureau, on the sidelines of Nicaraguan President Daniel Ortega's inauguration earlier this week. "We shook hands and I told him: 'I hope that everything improves,'" Chavez said. "I'm not anyone's enemy." Chavez prompted a crash in Venezuelan share prices this past week when he announced he would seek special powers from the legislature to push through "revolutionary" reforms, including a string of nationalizations and unspecified changes to business laws and the commerce code. He also announced plans for the state to take control of the country's largest telecommunications company, its electricity and natural gas sectors and four heavy crude upgrading projects now controlled by some of the world's top oil companies. He said Saturday, however, that private companies would be allowed to own minority stakes in the lucrative Orinoco River basin oil projects. The government has already taken majority ownership of all other oil- producing operations in the country through joint ventures controlled by the state oil company. Most companies have shown a willingness to continue investing despite the tightening terms, which have also included tax and royalty increases.
1/14/07 1:41 PM
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funk samurai
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Edited: 14-Jan-07
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LOL this is gonna get good
1/14/07 1:41 PM
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MikeD
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Edited: 14-Jan-07
Member Since: 12/06/2006
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I didn't read the article, but Venezuela would create a lot of peace by just sending its women around the world.
1/14/07 1:55 PM
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DHShanks
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Edited: 14-Jan-07
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FREE OIL FOR EVERYBODY
1/14/07 1:57 PM
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RANDY ERICKSON
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Edited: 14-Jan-07
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Chavez will be shot by his own people. Just a matter of time.
1/14/07 1:59 PM
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Gib
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Edited: 14-Jan-07
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"We know today there is too much crude in the market," Chavez said. "We have agreed to join our forces within OPEC ... to support a production cut and save the price of oil." I dont like the sound of that....
1/14/07 2:03 PM
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Aussie Gumby
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Edited: 14-Jan-07
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he's actually doing a pretty good job with his own country considering what it was like when he came to power.
1/14/07 2:10 PM
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pakawot
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Edited: 14-Jan-07
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World War III 2012
1/14/07 4:21 PM
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johnnypayne
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Edited: 14-Jan-07
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LMAO, 2 whole billion that's really going to go far :)
1/14/07 4:56 PM
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Mark1
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Edited: 14-Jan-07
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"Iran and Venezuela are members of the Organization of Petroleum Exporting Countries, and Chavez also said Saturday that they had agreed to back an oil production cut in the cartel in order to stem a recent fall in crude prices. "We know today there is too much crude in the market," Chavez said. "We have agreed to join our forces within OPEC ... to support a production cut and save the price of oil." " lol @ those to retards. A production cut? They can't even make their own quota now. Saudi Arabia and others have been making up what Venezula and Iran can't cover. Mark
1/14/07 6:19 PM
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Whambo
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Edited: 14-Jan-07
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"lol, have you ever been in venezuela?" Oh yes, because before he came to power the streets were paved with chocolate, and the signs were made of candy canes and everyone just lived in harmony until evil Chavez came to power. You know, there's a reason why he came to power, and the people of the country got him reinstated despite him being overthrown with American interests at hand. There's a legitimate reason why he hates America.
1/14/07 6:33 PM
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Moke
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Edited: 14-Jan-07
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"(U.S.) imperialist yoke" = Backing Israel. "We have agreed to join our forces within OPEC..." Ahh, so the price fixing cartel of faggots are organizing an even more organized price fixing scheme within the larger price fixing scheme. How wonderful of them. Matbe soon they can have a total monopoly on the World's oil supply and they can compare notes and throw little monopoly parties with DeBeers.
1/14/07 7:27 PM
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Trust
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Edited: 14-Jan-07
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ROTFLMFAO!!!!!!!!
1/14/07 7:42 PM
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Fin
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Edited: 14-Jan-07
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"Oh yes, because before he came to power the streets were paved with chocolate, and the signs were made of candy canes and everyone just lived in harmony until evil Chavez came to power. " It was actually doing quite fine, poor people are poor for a reason, its not the governments fault for lazy people.

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