Oil Going Socialist
Socialism is back. Cuba, Venezuela, and Bolivia recently signed their own anti-US trade pact. Bolivia also plans to follow Hugo Chavez’s lead in nationalizing its natural gas plants. Why? Mostly because with rising gas prices, they want to revoke legal agreements with US & other companies to pocket the cash for themselves. This global trend bodes poorly for American companies operating abroad, it is just one more reason to launch a “Manhattan Project” approach toward energy independence and diversified energy alternatives. The GOP would be wise to tie this trend to national security. Venezuela has become increasingly indifferent or even hostile to U.S. efforts in the global war against terrorism. The GOP can win on three big issues: national security, the economy, and environment.
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