Nicaragua Hits the Crunch First

Recently, Fidel Castro, who attended the first PetroCaribe Energy Summit at Puerto La Cruz, Venezuela, made a statement that was ignored by international media. He informed the summit that no Caribbean country will be able to purchase oil once the price reaches $100 a barrel.

Castro was only pointing out the obvious—the first places to be affected by increasing fuel costs will be the poorest countries of the world. The fact that media ignored this statement is significant. Logically, if one wishes to understand how rising energy costs will affect us, then one should look at the very places that are being affected now. The poorest countries that rely completely on diesel generators for their electricity are the ones showing the initial signs of trouble brewing ...

(2005-07-17 18:26:33 SGT) [Energy] Permalink

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