The large oil refinery that I have been engaged in repairing for the past several months on Grand Bahama Island, is being sold to Chevez. The deal is substantially complete, from what I understand, except that maybe Shell is being pressured to enter the market with an offer. Shell doesn't need a refinery in the Bahamas but apparently someone in Washington doesn't think Chevez needs one there either. I will be there off and on for the next several months. It will be interesting to see how this little piece of the global pie shakes out.
Chavez was not our new boogie man until he paid off the IMF in full. He called them up and asked how much he owed, oh, and chile too... and paid them off. TPTB don't like those they can't control with debt... it's not how 3rd world countries are supposed to behave. Within 2 weeks he was public enemy # 4 He may be a dictator but he is one debt free dictator. Not many others can claim this. Not to mention his control of his own debt free oil.
