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Reply #78: Yep. That's what I'm talkin' about. And Chavez, [View All]

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Zorra Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-23-11 01:11 PM
Response to Reply #71
78. Yep. That's what I'm talkin' about. And Chavez,
that awful dangerous socialist, just got

Venezuela to Use Oil Revenues in Socio-Economic Investments

Caracas - Venezuelan President Hugo Chavez announced an executive decree for increasing the socio-economic investments from the current high prices of oil, which exceed $100 USD per barrel.

It is about a special contribution to the internal revenue due to the exorbitant price of the hydrocarbons, said the president in an interview with Venezolana de Television on Thursday evening.

According to Chavez, the law establishes an additional contribution to the National Development Fund (Fonden) when the cost of oil exceeds 70 USD per barrel.

If the price of a barrel of oil is between 70 and 90 USD, the contribution will be 80 percent, which will reach 90 percent if the price is over $90 UDS and less than $100 USD, Chavez noted.

http://www.insidecostarica.com/dailynews/2011/april/23/latinamerica11042301.htm

Maybe our President will do the same sometime soon!

Or not.
:(
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