Barack Obama and Hugo Chavez were just the best of friends last weekend at that Summit of the Americas, shaking hands and exchanging books and whatnot. But this does not bode well for the American public. As former U.S. House Speaker Newt Gingrich says, being too cozy with a commited anti-American leftist is not a good idea for our nation's morale. But it's that just like America? Ronald Reagan shaking hands with Mikhail Gorbachev, Richard Nixon meeting with Mao Zedong... I guess it's not a show a weakness so much as a realization that we must deal with our biggest critics in at least a cordial way when meeting them face to face. But Chavez, being the attention whore that he is, gave Obama a book critical of the U.S. involvment in South America,. Shame Obama didn't have a copy of Adam Smith's "Wealth of Nations" to shove back int Chavez's hands. That would have been priceless. What message does this meeting send? I'm not sure yet, but I'll keep my eyes on how this plays out politically. Last thing we need is dictator-for-life Chavez's position being legitimized in the public arena. –Stephen Payne, Editor, Oil and Gas Investor This Week; www.OilandGasInvestor.com; spayne@hartenergy.com
Recommended Reading
Executives to Fed: Power Grid the US Needs by 2030 is Nowhere in Sight
2024-11-19 - Among the energy executives looking for more electrons, Warren Buffett’s own energy provider in Omaha, Nebraska, says “we have to stop this fighting.”
As US Ethane Production Soars to Record High, Low Prices Expected
2024-10-29 - Tied to natural gas production, which has suffered from weak demand, ethane is also headed for bearish prices, according to an analyst.
Exclusive: CNX Exec Says NatGas Goes Far Beyond Data Center Needs
2024-11-25 - As a resilient energy source, no other solution comes close to providing the dependable power of natural gas, CNX New Technologies President Ravi Srivastava told Hart Energy.
Gas-fired Power Generation Sets New Records Over Summer: EIA
2024-10-08 - Hot temperatures and cheap prices continue to increase demand from utilities, spurring the record consumption of natural gas to generate electricity, according to the U.S. Energy Information Administration.
Pickering on Permian: Marginal Barrels, Stripper Wells, More
2024-12-02 - As the Permian Basin matures and global oil demand grows, Dan Pickering, chief investment officer for Pickering Energy Partners, offers his thoughts on the basin’s future, costs, demand and the price of oil.