The fact is that the pseudo democrat (oil-autocrat) that loves to be called Commander and that governs Venezuela for more than ten years now, sells the gasoline in Venezuela for less than 3 cents of dollar per liter (10 US$ cents per gallon) less than the price of water, without even covering the costs of distribution. With this public policy, our so called socialist continental champion, transfers, if the gas is valued at its real market value, from the poorest of the poor, to the owners of cars, a subsidy equivalent to about 10% of the Venezuelan GDP.
Also, as a direct consequence of these mindboggling low gas prices, plus the fact that preferential foreign exchange rates is given for the import of cars, a small country of 27 million of inhabitants and a yearly GDP per capita of only around US$5.000 in 2006, placed way over one million new cars on the roads during the last three years.
The new cars don’t find where to circulate in order to spew out their carbon emissions and therefore, from a transport, an environmental and a social justice perspective there cannot be any doubt that, in Venezuela , we are in the hands of a truly cruel 21st Century Asocial government.
http://theoilcurse.blogspot.com/
http://www.petropolitan.blogspot.com/
Also, as a direct consequence of these mindboggling low gas prices, plus the fact that preferential foreign exchange rates is given for the import of cars, a small country of 27 million of inhabitants and a yearly GDP per capita of only around US$5.000 in 2006, placed way over one million new cars on the roads during the last three years.
The new cars don’t find where to circulate in order to spew out their carbon emissions and therefore, from a transport, an environmental and a social justice perspective there cannot be any doubt that, in Venezuela , we are in the hands of a truly cruel 21st Century Asocial government.
http://theoilcurse.blogspot.com/
http://www.petropolitan.blogspot.com/
