Iran, Venezuela and Libya have virtually been forced out of production. But that hasn’t made the lives of other producers easier
An uneven playing field exists in the crude oil marketplace. Two major producers, Iran and Venezuela, face sanctions on their oil sales from the United States. Meanwhile, Libya is in the midst of civil strife. These circumstances mean a considerable volume of oil isn’t available to the markets. Yet the Organization of Petroleum Exporting Countries…
It employs its great military, economic and seductive power to advance repression around the world
As we watch the chaos on the streets of Venezuela, it’s apt to revisit the latest Human Freedom Index, published in part by the Fraser Institute. The index highlights an old danger re-emerging: authoritarian seducers, regimes that promote their model of despotism internationally through charm, money, power, bribery, threats and violence. Since the rise of…
If 7% of the Venezuelan population has fled, that must include some of the best and brightest
Western nations like Canada and the U.S. have watched the pressure-filled political situation in Venezuela with interest and concern. It’s a powder keg that seems ready to explode at any moment. And it may require our intervention. On one side is Venezeula’s presidential dictator, Nicolas Maduro. The former bus driver and trade unionist is a…
The Maduro regime has inflicted massive human suffering. You wouldn't know that by watching the National
In the early 2000s, CBC faced charges of deep-seated left-wing bias. In recent years, it cleaned up its act and is rated centre-left by Media Bias/Fact Check, a website that rates accuracy and political bias in news media. Not unbiased but a big improvement from where it was. Yet, the CBC’s flagship National newscast recently…
Taking wealth from one group and giving it to others just creates misery and strife
Nicolas Maduro was recently sworn in as president of Venezuela for a second six-year term. There are no signs things will improve in the strife-torn nation during this term. His first term was marked by hyperinflation, violent repression, flight of foreign investors, shutdown of businesses, bankruptcies, riots, food shortages, mass unemployment, widespread hunger, emigration of…
Apparently it’s wrong for Russia to interfere in U.S. or Canadian elections, but okay for the U.S. and Canada to pick Venezuela’s leader
Last spring, much of the opposition in Venezuela boycotted a presidential election, which they lost. Canadian monitors of the election reported that they “witnessed a transparent, secure, democratic and orderly electoral and voting process” and “felt confident that the result of the elections represents the will of the majority of Venezuelans who voted.” Prime Minister…
Real communism has failed repeatedly to provide better living conditions. Why do countries like Venezuela persist?
Nineteen years ago, ex-general Hugo Chavez came into power in Venezuela, vowing that a “Bolivarian revolution” based on communist principles would improve the lives of his people. Today, millions of Venezuelans are fleeing their homes looking for food, medicine or employment in neighbouring countries. Inflation is out of control. In a country with perhaps the…
Hopefully, as disaster looms, Venezuela can start down a road away from both crony capitalism and socialism
Imagine a city where menus don’t print prices because inflation drives them higher daily; where streets are ghostly empty after dark and the murder rate is the world’s highest; where people queue for hours for meagre supplies of medicines and food, leaving many hungry and sick; where farmers don’t bring goods to market because roads…
An uneven playing field exists in the crude oil marketplace. Two major producers, Iran and Venezuela, face sanctions on their oil sales from the United States. Meanwhile, Libya is in the midst of civil strife. These circumstances mean a considerable volume of oil isn’t available to the markets. Yet the Organization of Petroleum Exporting Countries…
