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May 25, 2011
Oil-Rich Venezuela Suffers From Energy Crisis
Posted by Dave Blount at May 25, 2011 11:58 AM
As the great countermoonbat Milton Friedman observed,
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."
What would happen if you put a socialist of similar stripe in charge of Venezuela, a founding member of OPEC that is floating on oil? Naturally, the result would be an energy shortage:
Venezuela will ration power again this year, planning steps similar to those taken in 2010 amid an energy crisis, Electricity Minister Ali Rodriguez said.
"We're going to reapply the measures we applied in Caracas last year nationwide, which punishes the wasting of electricity and encourages energy savings," Rodriguez said in an interview on state television….
The USA also has massive fossil fuel reserves. But unless we overthrow our leftist kakistocracy, this won't do us any good.
On a tip from AC.